I'd have to say Interface systems out of Ann Arbor Michigan (INTF)
So undiscovered that it barely trades any share in a days time.
Yet they are making the transition to an internet based solutions company, and at the same time making a profit doing it....which is somewhat unique.
biz.yahoo.com
Friday January 29, 9:45 am Eastern Time
Company Press Release
SOURCE: Interface Systems, Inc.
Interface Systems Reports First
Quarter Results
ANN ARBOR, Mich., Jan. 29 /PRNewswire/ -- Interface Systems, Inc. (Nasdaq: INTF - news) today announced results for the first quarter ended December 31, 1998. Revenues were off 7.3% from the same quarter a year ago to $5.2 million, gross profit margin improved to 59.7%, and the Company reported net income of $0.03 per share versus a net loss of $(0.01) in the year-earlier quarter. The year-earlier quarter included a loss from discontinued operations of the Company's U.K. distribution business, which was sold in May 1998.
For the first quarter, Interface posted net revenues of $5.2 million, down from $5.6 million in the year-earlier quarter. Increased sales of the Company's newer Internet related products partially offset lower sales of Cleo Enterprise Networking products. Net income for the quarter was $130,000, or $0.03 a share. This compares to a net loss of $(63,000), or $(0.01) per share for the comparable period last year, which included a loss from discontinued operations of $(215,000), or
$(0.04) per share.
''We are expecting this year's quarterly revenues to be uneven as we narrow our focus to concentrate on our next generation enterprise output management solutions -- e-Statement Direct(TM) and e-Bill Manager. These products redirect our core expertise to the higher growth strategic markets we're targeting, including e-commerce and the Internet,'' said Robert A. Nero, president and chief executive officer. ''We are pleased to announce our first two e-Statement customers -- Merrill Lynch and Ameritech. We also have several significant prospects, reinforcing our excitement about these new opportunities,'' Nero added.
''The first quarter marked solid progress in our corporate partnerships. We just announced that our long-time customer, Lucent Technologies, will use a new version of our Cleo product for TCP/IP in its voice information system,'' Nero said. ''In addition, IBM has appointed Interface to its Solution Developer Program, citing our Document Server software host printing capabilities as a complimentary product to their eNetwork(TM) Communications Server for Windows NT®.''
''In this year of transition as we move to new markets, we expect to be measured on two standards -- profitability and market positioning. We made considerable progress this quarter in improving our positioning in our targeted high growth markets as we lessen our reliance on our more mature, traditional markets,'' Nero concluded.
Interface Systems, Inc. provides software-based tools and solutions to integrate legacy systems with Internet technology, distribute mainframe documents, and provide host connectivity. The Company specializes in Internet bill presentment and payment, as well as electronic delivery of statements and other legacy content to the Internet, fax, email, and other destinations. Interface helps its customers extend the life, the reach, and the value of their existing information systems. Interface is headquartered in Ann Arbor, Michigan and markets its products worldwide. More information on Interface and its products can be found at intface.com.
Uncertainties Relating to Forward-Looking Statements
This press release contains ''forward-looking statements'' within the meaning of the Securities Exchange Act of 1934, as amended, based on current management expectations. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties, including, but not limited to: general economic conditions particularly related to demand for the Company's products and services; changes in Company strategy; product life cycles; competitive factors (including the introduction or enhancement of competitive products); pricing pressures; the Company's success in and expenses associated with developing, introducing and delivering new product; software defects and latent technological deficiencies in new products; unexpected Year 2000 issues; changes in operating expenses; inability to attract or retain consulting, sales and/or engineering talent; changes in customer requirements; and evolving industry standards.
All Company, brand and product names are or may be trademarks of their respective holders.
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To me it's a bargan....I've been buying since $2, believing it was a $10 stock then, still do. |
