Looks like the stock price is reflecting the quality of the Second quarter.
Revenues down 27.4% from $2,202,377. to $1,598,804.
Operating expenses have increased to $3,182,081 for the second quarter 2000 versus $1,460,699 for the same period in 1999, an increase of $1,721,382. The increase is due both to an expansion of our team in anticipation of demand for our newer e-Business oriented offerings as well as a stock option compensation charge of $862,070 ($.07 loss per basic share), which does not affect cash.
Excluding that $862,070.
they still increased operating expenses by $859,312.
I think their executive team better do more than anticipate demand, somebody better go out and create demand.
In fairness, year 2000 six-month revenue was $3,826,462.
versus year 1999 six-month revenue of $3,964,637.
That's not nearly as ugly a picture, and may be a more realistic comparison. Large orders can distort quarter versus quarter data.
If the second quarter results are the beginning of a trend
then they need to increase revenues, or decrease staff.
Let's hope they choose to increase revenues.
Cush |
