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Gold/Mining/Energy : IDS Intelligent Detection Systems (ISD.TO)

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To: Michael Block who wrote (80)8/10/1999 1:29:00 PM
From: Frank Ferrari  Read Replies (1) of 149
 
Projected yearly revenue of 46 million had better be another understatement.

They already have total revenue of 25.8 million in the first 2 quarters (which are supposedly seasonally weaker).

If you take Q1 as a revenue anomoly because of the LVBDS orders, Q4 last year has the same revenue as Q2 this year (implies growth if seasonality is figured in).

Even with two more quarters flat with Q4 last year and Q1 this year we should get revenue at 48.4 million. If these 2 quarters are a little stronger then we may get over 50 million.

IDS will have a favourable comparison with last year for one more quarter as Q3 last year only had about 5.2 million in revenue, after that life will get tougher and growth rates will be more obvious.

Any replay number for the conference call?

Any comments on my calculation of future revenue and the implied growth. Are there any additional expense side savings coming forward or are we operating on target in this regard?

Am I too optimistic in terms of revenue growth?

Thanks
Frank
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