>>Net Shepherd Quarterly Results released <<
After getting a million things out of the way this weekend, I now have some time to offer my comments on these latest company results.
Overall, I am pleased that the revenue is up over the previous year. This is so much better than attempting to reposition a company and watching your revenue growth decline from the previous comparative period.
When Denise, Barry and I travelled to Calgary to interview the management of Net Shepherd we had been warned that the repositioning would have an impact on earnings during this transition period. We posted this on the thread and it should come as no surprise to anyone who is attempting to keep current.
I am now interested in finding out when this repositioning will be completed, and when the company will be able to start making money from their efforts. I am sure that this question will be asked and answered during the Investor forum later this afternoon. I think that this Investor forum is an excellent idea, and I highly recommend that everyone who has an interest in this company to take some time to listen in or participate. The more information that is out there can only help us better understand our investments and their potential for the future.
On another note, I have developed a habit of going through news announcements and press releases and striping away all of the non essential information. I find that by doing so, I generally end up with a good selection of measureables and expectations that I can use to judge a company's progress and momentum toward their goals.
I have done this with this latest PR, and they are listed below. I also expect that a good deal of these points will be covered in the Investor's session today. I am definitely looking forward to this afternoon's session.
Crazy Canuk
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- revenue for the first half of 1999 of $2.3 million, up from $1.5 million during the same period in 1998.
- While our revenue is increasing, it would have been even higher if we had completed commissioning our Internet Community Management System. This will happen during Q3
- enabling strong revenue growth for the remainder of the year and beyond
- has created a platform and business models that will generate annuity-based revenue growth
- now nearing the end of this commissioning process
- now setting up companies to harvest this potential in a number of strategic applications
- Answers.com and a Business Intelligence company, each of which have the potential for revenues well in excess of Net Shepherd's previously announced figures
- we are transitioning our systems integration business into a high growth Internet strategy architecture service, which will offer organisations both consultancy advice and business solutions, providing its customers with a cohesive, profitable Internet business process.
- investment in technology and new business and the delay to some revenue generation during the commissioning of our Internet Community Management System has both increased our costs and also restricted our income
- resulted in a loss for the quarter of $997,000, up from $129,000 in the same period of last year
- loss was expected and we remain confident of strong growth for the remainder of the year
- the rest of 1999, we will continue to develop our US-based platform applications companies
- We will also benefit from new revenue-generating projects . . . as our Internet Community Management Systems complete the move from commissioning to production
- projects in both North America and also Europe
- the new Net Shepherd Europe organisation is bringing commercial projects forward.
- "We will continue to make strategic investments in our technology platform and we will continue to aggressively pursue the best route to NASDAQ, either on our own or in a relationship with another company" |
