Theragenics (TGX) on the up and up Message Board

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Biotech / Medical : Theragenics (TGX) on the up and up

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To: dfloydr who wrote (810)	4/21/1998 1:41:00 PM
From: Byelow	Read Replies (1) of 1055

Solid, Bill Hopkins, et al: 1st Qtr earnings are out and they are strong! "Revenues for the quarter were $8,280,947 compared to $4,107,358, a 102% growth over the same period last year. Net income increased 198% to $3,300,566 from $1,108,994 with earnings per share improving to $0.11 versus $0.05 in the prior year." Pre-split that's $0.22 EPS or 15.8% above estimate. Zack's/First Call has raised '98 annual estimates by a penny to $0.82 pre-split. For the EPS doubters that posted here earlier this month, that's revs up 14.1% from 4th qtr FY97 or last quarter. Net income up 11.3% from last quarter as well. Proves that they have been able to squeeze another +14% productivity from the full tilt production on the original 4 cylotrons. Bad news for those trying to break into the market and needing to wait 6 months for FDA approval and installation of their machines. My hunch that they could pay for #5 & #6 cylotrons installations from operations without effecting the EPS has come to fruition! IMHO they took 4% ($400K) out of the margins to pay the credit line for the new cylotrons and the new building and left enough in net income to assure meeting the EPS estimates. Christine Jacobs (CEO) and Bruce Smith (CFO) have done a bang up job in my opinion to manage this major change and still hold to their plan. If #5 becomes productive by 5/1/98 we could see 2nd quarter revs at $9.67 million with a net income of $3.85 million or $0.13 EPS which again beats the Street's earnings estimates for 2nd quarter by $0.03 EPS or 15.8%!! I'm still bullish or could you tell? Byelow

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