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Gold/Mining/Energy : Kasten Chase (KCA/TSE): Buy it!
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To: Davy Crockett who wrote (176)10/25/2001 6:58:24 PM
From: Cush  Read Replies (1) of 193
 
There'll be some concern about the percentage of this last quarter's revenue that was from one deal.

The largest individual contributors to Q3 revenues were license revenues from the VersaPath secure internet access and KastenNet software licensing agreements with KTG Technologies, and RASP Secure Access. The company does not currently anticipate receiving further license revenues from KTG. It has, however, retained ownership rights to these technologies.

In the third quarter, Kasten Chase licensed its KastenNet and VersaPath secure internet access technologies and sold the net assets of its KastenNet services business to KTG Technology Corporation (KTG), an affiliate of Investment Technology Group. The technology was licensed for $6.65 million all of which as recognized as revenues in the quarter. The Company has retained ownership of the KastenNet and VersaPath secure internet access technologies and does not anticipate receiving further license revenues from KTG. The assets were sold for $0.69 million.


So 6.65 of the 9.9 revenues were realized from one, not-ongoing source.

Still, I'm reallllly happy with the direction this company is going.

Increasing revenues, profitable, with a lot of money in the bank.

Cush
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