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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: rrufff who wrote (12783)	12/27/2004 2:23:48 PM
From: The Ox	Read Replies (1) of 12823

From the most recent SRXA quarterly report: Outlook “Our restructuring initiative is now completed, and we will begin to realize its benefits in the fourth quarter,” said Mr. St-Arnaud. “However, the unexpected pressure on our gross margins during the third quarter and the effects of currency fluctuations compel us to revise our previous guidance. During the fourth quarter of the current fiscal year we expect an increase in revenues, and to be at break-even in our core wireless business. We also expect to achieve positive EBITDA on a consolidated basis, though at somewhat lower levels than we had previously forecast. “In our core wireless business in the first quarter of 2005 we expect a significant increase in revenues. Further, in the first quarter of 2005 we anticipate achieving profitability and generating EBITDA of approximately $20 million on an annualized basis. Finally, given the frame contracts, the firm orders we have secured this year, and pending orders, we also expect to reach $200 million in revenues in fiscal 2005.” 36 page PDF with the full report from SRXA for those interested in further information: srtelecom.com

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