EZEN .47/.52...this company made $557,000 or $.04 per sh in the 4th qtr. They have a strong relationship IMO with the DOD and their flagship product, InfoSpace. I believe the profitability will continue. Over $4m in orders announced over the past 2 weeks. I am adding at this price. 14m shares out:
"We are pleased to have returned to profitability in the fourth quarter of 2003.
As we noted in our release last quarter, there were key aspects to our business
at that time that we felt were very encouraging, and this positive trend has
continued," noted Khoa Nguyen, Ezenia! Chairman and CEO. "In particular, orders
for InfoWorkSpace received in the fourth quarter 2003, particularly from new and
renewing customers within the U.S. Department of Defense (DoD), continued along
the promising path set in the third quarter. We realized strong growth in our
overall revenues from InfoWorkSpace this year, with a 31% increase in reported
revenues in the fourth quarter of 2003 from this product over the same period
last year, and an overall 26% increase in reported revenues for the full year
2003 as compared with 2002. And with our continuing keen focus on cost control,
we were able to increase our gross margin on sales of InfoWorkSpace this
quarter, and maintain our reduced quarterly operating expenses, to $1.2 million
in the fourth quarter 2003 compared with $2.0 million in the same period last
year. We continue to realize the benefit of sales of our legacy
videoconferencing equipment, which in the fourth quarter of 2003 provided the
difference between an operating loss and the operating income we were able to
report."
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