UVEW, sweet!!! Nice call Kevin!! Ratdog is calling MANA a lt buy. Check earnings and news out today... 1.5mil float, and this>
Paul Sylvester, Manatron's president and chief executive officer, said, ''Our string of sixteen consecutive quarters of solid sales
growth and margin expansion continues, fueled by the major appraisal contracts from our Sabre division. Furthermore, the
second quarter also was marked by our first live site using Court-Connect -- our Internet software for city and county courts,
the first full quarter with ProVal as a subsidiary, and lastly the award of a Rockland County revaluation contract, which added
$4.2 million to our appraisal services backlog.''
Paul Sylvester said, ''Interest in our software including our WebConnect products has never been higher, and the e-commerce
version of these software products will be available in early 2000. This e-commerce software will allow Manatron to create and
manage a Virtual Courthouse of Internet-accessible public information. Working with our local government clients, public
information will be available in a tiered access format, such that paid subscriptions will be required to access premium content.
The target market for the paid subscriptions are the real estate firms, mortgage companies, and the many other firms that greatly
benefit from the ease of Internet access to this useful public information.''
For the first half of fiscal 2000, Manatron's net revenues increased 24.2 percent to $21.5 million from $17.3 million for the
year-ago period. Pretax income for the first half was $1.1 million, or more than double last year's first-half figure of $477,290.
Net income increased 74.8 percent to $834,506 from $477,290 for the first six months of fiscal 1999, despite the fact that it
includes $300,000 in income tax provision for this year's first half versus none for last year's first half. Diluted earnings per share
were $0.23 for fiscal 2000's first half, a $0.08 improvement over the $0.15 reported for the corresponding period in fiscal
1999.
EBITDA for the first six months was approximately $2.1 million, or $0.59 per diluted share, compared with $1.5 million, or
$0.48 per diluted share. manatron.com |
