Barbara, RE: WEBM. Revenue for its fiscal-2000 fourth quarter increased more than 350%, to $10.4 million from $2.3 million in the year-ago quarter. Including amortization of deferred stock compensation and accrued dividends related to preferred stock, the net loss was $8.2 million, or 28 cents per share. Without the noncash charges, the net loss was $6.3 million, or 21 cents a share.
For the fiscal year ended March 31, 2000, total revenue increased at an even faster rate, growing more than 410%, to $23 million from $4.5 million in fiscal year 1999. The net loss for the year, excluding amortization of deferred stock compensation, was $16.4 million, or 62 cents a share, compared with the three-analyst estimate of 68 cents.
I see the Market Cap (Mil) $2,710.71 as too high for a company that loses so much money. True the rate of revenue is faster than rate of losses, but $23M in fiscal year revenue doesn't justify such a premium. Tracks exactly like ONDS and has similar losses. The easy money was made by those that bought at $50 for WEBM. I don't see $336 high ever being reached again. So much momentum trading in WEBM that price can swing over 15% easily in a day. I hope you have planned an stop loss price in your mind. Good luck.
I have a field trip with the kids today so will miss the market today.
Jack |
