FirstWave Technologies (FSTW) Message Board

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Technology Stocks : FirstWave Technologies (FSTW)

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To: Oeconomicus who wrote (7332)	12/28/2002 7:56:20 PM
From: TEDennis	Read Replies (3) of 9677

One of the revenue numbers I'm interested in is "maintenance". Note the following progression, taken from the 2001 Annual Report: 1999: $4,923,000 2000: $3,625,000 (-26% growth from 1999) 2001: $2,610,000 (-28% growth from 2000) And, the following quote from: firstwave.net "We currently have more than 200 customers who are consistently generating maintenance revenues of $1 million per quarter." Maintenance revenues have dropped significantly over the past 2 years. Which means that fewer customers are paying maintenance. In other words, they've been losing customers. Maybe the total count dropped below 200 and that's why they quit specifying the number of customers in their PRs? If I calculated properly: 200 customers contributing $1 million per quarter ($4 million per year) computes to $22.2 million in total license revenues (18% total license revs = $4 Million). Which means: with 200 customers, their average license fee was approximately $111,111. That's way off from the last quarter's average that you computed a couple of posts ago. Regards, TED

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