>>To do that CyberCash needs to grow revenues by nearly 300% in that 12
month time frame. IF they do hit that target it will be fully reflected in the
price of our shares. This coming Quarters results are going to determine
the pace of advance or lack of it from here.<<
Tom, I agree the coming qtrs. will determine this. There are uncertainties and risks in the companies current expectations for revenue growth; however if growth in the internet and e-commerce continues at its current fast pace, and Yhoo's last qtr. earnings sure shows this [go Yhoo], I think they will have no problem with the 300% in revenue growth for the yr. The earnings from the merger should add to the revenue stream in the 2nd qtr. of this yr. too. And if they hit on all cylinders this qtr. this stock will not sit there waiten for investors to put-up, by then it'll be to late. I'm not worried about this, I see a better than 50/50 chance the revenues will be there, it'll happen. I also outline some key important excerpts from the Cos. last qtrly. report below for you to review and the good people of this thread.
-- The number of merchants using CyberCash's services increased by over 50% and the average number of transactions per day increased by over 100% during the fourth quarter.
-- CyberCash reported revenues of $4.5 million for 1997, up from $127,000 in 1996.
-- CyberCash became the only Internet payment company handling payments in a multiplicity of currencies, including the yen, the pound and the mark.
-- The Company intends to continue to develop strategic relationships with financial institutions and technology companies around the world with a view toward expanding its range of offerings and broadening its geographic coverage.
-- CyberCash is undertaking a large-scale campaign aimed at increasing the number of merchants -- and thus the number of transactions -- using its payment services. The Company's strategy is to work with merchants, technical partners, Internet service providers, store builders and major credit card processors to bring CyberCash's advanced technology to the attention of a wider audience.
-- The Company is adjusting its business model and fee structure to reflect the increasing acceptance of CyberCash's suite of Internet payment services as well as e-commerce in general. CyberCash is now charging merchants an initial set-up fee -- which was previously waived -- and a monthly service fee based on the number of transactions that take place. This new fee structure is intended to have a positive impact on the Company's revenue stream.
-- CyberCash is putting additional emphasis on its PayNow(TM) Secure Electronic Check Service. The Company sees significant revenue growth potential in this market, because of the many benefits businesses can realize through electronic bill presentment. |
