Sep 98 earnings estimate ---
Let me try this earnings guessing game again:
1. My margin assumptions are below.
2. Also, assume R&D grows at 15% over June 98 quarter. (The R&D figure dropped dropped $500,000 Mar to Jun 98 and accounted for most of the bottom line in June.)
3. Assume a 6% increase in SG&A, Jun to Sep 98.
4. Assume the Sylvan JV is still costing IDX about the same amount as Jun 98.
5. Assume zero “other income, net”.
Gross product margin: 50.0%
Fingerprint service margin: 5.0%
Service margin: 14.0%
SG&A % of expenses: 21.1%
R&D % of expenses: 4.6%
Net margin: 5.4%
Product growth: 7.0%
Fingerprint service growth: 10.0%
Service growth: 10.0%
Sep 98 (est)
Revenues:
Net product revenues 10,731,030
Fingerprint services 378,400
Service revenues 12,535,600
Total revenues $23,645,030
Costs and expenses:
Cost of product revenues 5,365,515
Cost of fingerprint services 359,480
Cost of service revenues 10,780,616
R&D, engineering 1,083,300
restructuring
Selling, gen & admin 4,698,980
Writeoff of acquired R&D ---
Litigation reserves & exp 0
Total costs and expenses $22,287,891
Income from operations 1,357,139
Other income, net -
interest
Income before taxes 1,357,139
Income taxes -
Income after taxes 1,357,139
Equity interest, joint venture (150,000)
Net income $1,207,139
Income % of revenue: 5.1%
Common shrs, diluted 25,151,000
Net income per dil com share 0.048
Last four qtrs net income: 0.057
last 4 qtrs gross revenue: $83,799,030
last 4 qtrs revenue growth: 41.6%
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