Well it wasnt running in advance of good news:
MINNEAPOLIS, Feb. 27 /PRNewswire-FirstCall/ -- Datakey, Inc. (Nasdaq: DKEY - News), a leading developer of smart card technology for securing e-business, today reported results for the fourth quarter and year ended December 31, 2002. Revenue from continuing operations for the fourth quarter of 2002 was $1,507,000, down 45 percent from $2,749,000 for the same period last year. The fourth quarter loss from continuing operations was $761,000, or $.08 per share, compared to a net profit of $88,000, or $.01 per share, in the year-earlier period.
Guidance
Our principal objectives in 2003 will be to increase revenue in 2003 over 2002, manage losses to the extent possible by tightly controlling expenses, and introduce the Axis product in the second quarter of 2003. First quarter revenues are expected to be down materially from first quarter revenues in 2002 and we expect to incur a loss comparable to the Q4 2002 loss. It is anticipated that revenues will gradually improve over the last three quarters. How fast Datakey recovers will depend on an improved economy and increased U.S. government spending on security projects. |
