Doug (and thread)
Earnings were released today:
biz.yahoo.com
Snippet:
UniComp Reports Third Quarter Results
Third Consecutive Quarter of Increased Profitability
MARIETTA, Ga.--(BUSINESS WIRE)--Jan. 13, 2000-- UNICOMP, INC. (NASDAQ:UCMP - news) today announced revenue for the nine months ended November 30, 1999, from continuing operations was $20.9 million compared to $15.5 million for the same nine-month period in the previous year. For the three months ended November 30, 1999, the Company reported revenue from continuing operations of $7.5 million compared to $6.0 million for the same three-month period in the previous year. Net income from continuing operations for the three months ended November 30, 1999 was $429,000, or $0.06 per share, compared to $176,000 or $0.02 per share for the comparable period a year earlier.
Question:
How much of this is organic growth? I noticed in the last 10Q that a big chunk of the sales growth in continuing operations was due to the Continuum acquisition:
"REVENUE. Revenue for the three months ended August 31, 1999 increased to $9.4 million compared to $7.2 million for the three months ended August 31, 1998, an increase of $2.2 million, or 30.6%. $1.0 million of that increase is from Continuum, the March 1999 acquisition, and the remaining increase is primarily attributable to higher platform migration license fees. Revenue for the six months ended August 31, 1999 increased to $18.7 million compared to $14.0 million for the three months ended August 31, 1998, an increase of $4.7 million, or 33.6%. $2.0 million of the increase is from Continuum and the balance primarily from increased platform migration license fees.
It looks like the latest quarter showed a drop in sequential sales AND sales growth.....and the company didn't release figures that broke out Continuum sales from the same quarter last year.
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