Wow Roy, about 2.7 million in rev. lol. Unfortunatly this is not more revenue than my local gas station has in any given quarter. LOL gotta love this quote
"While he was unwilling to be more specific"
Xybernaut Issues Upbeat 2nd-Quarter Outlook
Wednesday July 9, 11:04 am ET
FAIRFAX, Va. (Dow Jones)--Xybernaut Corp. expects to report second- quarter revenue more than 50% above first-quarter levels, which would work out to more than about $2.7 million.
In a press release Wednesday, the wearable computing equipment company said the preliminary results are based on gains in its hardware and consulting revenue.
While he was unwilling to be more specific, Xybernaut President Steven Newman said the second quarter's anticipated growth and record revenue "sets the stage" for similar gains in the future, adding that the company has significant visibility into its customers' future implementation strategies.
Xybernaut said its long-term view is based on the anticipated effects of cost- cutting programs, beneficial financings, intellectual property licensing strategies, strategic partnerships and the securing of key accounts in the transportation, retail, military and homeland security sectors.
In the second quarter ended June 30, 2002, the comapny had revenue of $2.01 million.
Xybernaut recently traded on Nasdaq SmallCap Market at 71 cents, up 14 cents, or 24.6%, on composite volume of about 21.0 million shares. Average daily volume is about 3.4 million shares.
Company Web site: xybernaut.com
-Andrew Wallmeyer; Dow Jones Newswires; 201-938-5400 |
