Two stocks that I follow and mentioned here a few weeks back:
IONN +10% Looks like it re-tested the bottom in the low 6 range.
DSLN +56%
NITE, SWS also up and breaking out of bottom.
Watching TIVO in the 40 range which appears to be forming a bottom.
DSL.net More Than Doubles Third Quarter Revenues
Company Expands to 52 Cities, now Authorized to Provide Service In 45 States and the District of Columbia ... .
NEW HAVEN, Conn., Nov. 1 /PRNewswire/ -- DSL.net, Inc. (Nasdaq: DSLN), a direct provider of high-speed data communications and Internet solutions, today announced that its third quarter revenue had more than doubled over the previous quarter. DSL.net uses digital subscriber line (DSL) technology to provide these high-speed Internet services to small and medium sized businesses located in second and third tier cities.
"We are very pleased with our third quarter results and the significant increase in revenues over the previous quarter," said David F. Struwas, president and chief executive officer of DSL.net. "We are aggressively executing our plan to establish a nationwide network of DSL services available directly to small and medium sized businesses. In the third quarter alone, we expanded our presence from 24 to 52 cities. In addition, we now have CLEC approval in 45 states as well as the District of Columbia. We are well positioned to provide small and medium sized businesses with the broadband solutions they need in today's Internet economy."
Total revenue for the quarter, which ended September 30, 1999, was $317,500, up 133 percent over the previous quarter. Recurring service fees accounted for more than 82 percent of DSL.net's total revenue in the latest quarter. DSL.net posted a net loss of $5,621,000 for the quarter ended September 30, 1999, compared to a net loss of $4,811,000 for the prior quarter, while earnings before interest, taxes, depreciation of capital assets, amortization, and non-cash stock compensation (EBITDA) were negative $4,951,000 for the period. EBITDA loss for the previous quarter was $3,029,000.
Twick |
