Added EONC at 2.13
EONC look interesting, but it dropped 50% from May to July. That is kinda scary. So will set a stop.
eOn Communications Reports Profit and Positive Operating Cash Flow For Third Quarter Fiscal 2003
Wednesday May 21, 4:01 pm ET
ATLANTA, May 21 /PRNewswire-FirstCall/ -- eOn Communications Corporation(TM) (Nasdaq: EONC - News), a leading provider of unified voice, e-mail and Web-based communications solutions, today reported financial results for the third fiscal quarter ended April 30, 2003. Revenues for the quarter increased 45% to $4,749,000, compared with $3,266,000 for the same period last year and increased 15% from revenues of $4,118,000 in the second quarter ended January 31, 2003.
(Photo: newscom.com
Net income for the third quarter was $82,000, or $0.01 per share, compared with a net loss of $3,041,000, or ($0.25) per share, in the prior- year period and a net loss of $532,000, or ($0.04) per share, in the second quarter ended January 31, 2003. Cash flow from operations for the quarter was $416,000, with total cash and investments increasing from $6,603,000 at January 31, 2003 to $6,841,000 on April 30, 2003.
"I am very pleased with our third quarter results," said Troy Lynch, eOn's president and chief executive officer. "Returning to profitability was our number one corporate goal, and now we are excited about our prospects for future growth. We have long stated that focusing on financial discipline and investments in new products and services would be the foundation for improved results. With the success we have had in expanding distribution and increasing service revenues from a larger eQueue customer base, we have begun to reap the benefits of our streamlined cost structure. The third quarter was our best quarter to date for eQueue sales, surpassing the mark set in the second quarter by 13%. This positive trend reflects across-the-board improvement from all channels, including indirect distribution, direct sales, professional services, government and international business."
During the third quarter the company was selected by Patelco Credit Union, one of the ten largest credit unions, to install three eQueue Multi-Media Contact Centers to provide members with better service regarding loans, checking and savings accounts and credit card services. In addition, the Company began fulfillment of an order for 18 eQueue systems for two military projects from Denro Systems, a division of Northrop Grumman Electronic Systems.
Follow-on business for the eQueue included orders from St. Paul Public School District, Specialized Association Services, and the Department of Defense. The Company continues to achieve success with its partnering initiatives, both domestically and internationally. eQueue Partners that recorded customer wins during the quarter include Blackbox, Phoenix Teledata, and Neo Mecca in Seoul, Korea.
Commenting on the fourth quarter outlook, Lynch concluded, "We have reached a major milestone and our goal now is to continue to profitably grow the company. We believe that our sales initiatives and current eQueue order backlog will enable us to achieve further improvement in the fourth quarter."
2003-06-20 CHINAVEST IV LP
Beneficial Owner (10% or more) *881,930 Disposition (Non Open Market) at $0 per share.
2003-05-12 LEE, DAVID S.
Director 2,500 Purchase at $1.01 per share.
(Cost of $2,525)
2003-05-09 LEE, DAVID S.
Director 10,000 Purchase at $1.01 per share.
(Cost of $10,100)
2003-03-28 LEE, DAVID S.
Director 2,500 Purchase at $0.41 per share.
(Cost of $1,025)
2003-03-27 LEE, DAVID S.
Director 2,500 Purchase at $0.41 per share.
(Cost of $1,025)
2003-03-26 LEE, DAVID S.
Director 4,800 Purchase at $0.44 per share.
(Cost of $2,112)
2003-03-25 LEE, DAVID S.
Director 200 Purchase at $0.46 per share.
(Cost of $92)
2003-03-21 LEE, DAVID S.
Director 6,000 Purchase at $0.38 per share.
(Cost of $2,280)
2003-03-20 LEE, DAVID S.
Director 1,500 Purchase at $0.39 per share.
(Cost of $585)
52-Week Low on 28-Oct-2002 $0.21
Recent Price $1.97
52-Week High on 1-Aug-2003 $2.35
Market Capitalization $23.9M
Shares Outstanding 12.1M
Float 7.30M
Price/Book (mrq) 2.60
Price/Earnings N/A
Price/Sales (ttm) 1.47
Income Statements
Sales (ttm) $16.1M
EBITDA (ttm) -$2.97M
Debt/Equity (mrq) 0.08
Total Cash (mrq) $6.84M
Summary: Tight stop. Choppy trading, but is profitable and trending up.
Jack |
