EVDS Earnings Estimates Prepared by Communications Capital Corporation:
Environmental Digital Services, Inc.
Statement of Operating Income Estimate
(Dollars in thousands except per share data)
1998E 1999E
Revenues
Capscan and related
CAPSCAN $ 1,200.0 $ 8,400.0
Handheld 600.0 3,066.7
Monitoring 675.0 3,450.0
Construction and Remediation 447.8 2,272.0
Insurance 75.0 1,150.0
Home Heating Oil 1,500.0
TOTAL $ 2,997.8 $ 29,838.7
Costs of Goods Sold
CAPSCAN 306.0 4,692.0
Construction and Remediation 313.5 1,590.4
Home Heating Oil 900.0
TOTAL $ 619.5 7,182.4
Gross Profit 2,378.3 22,656.3
Gross Margin 79.3% 75.9%
Operating Expenses
Salary
Management $ 284.6 609.2
Administration 35.0 78.0
Sales 148.4 742.0
Payroll Overhead 15.0 30.6
Rent 18.0 268.0
Advertising/Marketing 37.5 630.0
Trade Shows 27.5 180.0
Legal 15.0 40.0
Accounting 14.0 26.0
Travel and Entertainment 24.0 345.0
Computer Lease 18.0 63.0
Auto 7.5 61.0
Engineering 400.0 100.0
Product Expenses
Administration Fees 75.0 1,150.0
Commission 75.0 1,150.0
Royalty 90.0 1,380.0
Insurance 18.0 276.0
Total Operating Expenses 1,442.9 7,557.6
Operating Expense Ratio 48.1% 20.0%
Pretax Profits 935.4 15,098.7
Taxes 0.0 3,522.9
Tax Rate 0.0% 23.3%
Net Income 935.4 11,575.8
EARNINGS PER SHARE 0.6 0.63
Average Shares Outstanding 16,588,658 18,500,000
This is merely the estimate printed in the EVDS booklet. There are actually only 12,588,658 shares issued.
InvestRight
Regards, Jeff |
