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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Fredrick Keith who wrote (1736)8/3/1998 7:18:00 PM
From: uu  Read Replies (2) of 1936
 
It is beyone me to come up with a reason why Wall Street does not treat SPNSF much nicer!

From the earnings report:

Revenues for the second quarter increased 57% to $16.3 million from $10.4 million in the second quarter of 1997. Product revenues were $8.7 million, an increase of 98% from $4.4 million reported in the same period last year. Consulting and other service revenues rose 27% to $7.6 million. Gross profit increased 52% to $8.7 million. Operating income more than doubled to $2.2 million from $1.0 million in the same period last year.

Revenues for the first six months of 1998 increased 53% to $30.5 million from $19.9 million in the comparable period in 1997. Product revenues rose 113% to $16.1 million and consulting and other services revenues rose 17% to $14.3 million.

They beat the estimates by a penny too!

And on top of this the words of management on a continuing impressive growth and even a stronger and brighter future prospects.

Yet the stock remains to be at $6 and change! On the other hand we have companies such as ZAP (with absolutely no earnings, no products and a very evase future prospects) selling 50 times more than SPNSF!! Yes it is true, the only certainty in the stock market is its lack of logic!

Regards,

Addi Jamshidi
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