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Strategies & Market Trends : Three Amigos Stock Thread

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To: BCfan who wrote (19187)3/11/2000 11:09:00 PM
From: Ken W  Read Replies (1) of 29382
 
BC, SLNK:

Just a little more on SLNK from the 4Q of 99 and and year end.

For the fourth quarter of 1999, the company posted total earnings of $0.21 per diluted share on net income of $4.1 million, compared to earnings of $0.07 on net income of $1.3 million for the fourth quarter of 1998. Fourth quarter results include a tax benefit of $0.10 per diluted share from the recording of a deferred tax asset relating to net operating losses and tax credit carry forwards. Quarterly earnings per share exclusive of the tax benefit are $0.11 per diluted share, a 57% increase over earnings of $0.07 per diluted share a year ago. Fourth quarter revenue from sales and service was $11.2 million, compared to revenue of $10.0 million in 1998.

It would appear that except for the benefit derived from the defferred tax asset they would have not performed as well as you stated. Also, Q4 rev from sales and service was only just over 10% above Q4, 98. There is a good deal of boiler plate in this report, but the numbers just don't come out the same as what you had posted.

Going back in the news releases and in reading the SEC I don't see where the company has directly sold any system to anyone. It appears to me that the majority of their sales are through third party resellers.

Just doing some Due Dilly

Ken
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