sw FTEL is the stock I was referring to.
Upon re-reading that may not have been clear.
I won't be posting quantitative measures on the Co. The reason for this is that they are changing quickly from quarter to quarter.
For example the MarketGuide snapshot has quarterly revenue of$933K
businesswire.marketguide.com
even though last week almost $1M in sales were announced for a total
of approx $3.5M in the last 7 weeks.
Instead, I'll repost the CFO's comments from last week.
ftel.com
February 5, 1999
We are pleased to announce that our 10-Q for the quarter ended December 31, 1998 has been filed with the SEC today. The 10-Q quarterly report will be available on the SEC's Edgar site (www.sec.gov), on our web page (right here) in PDF format, or in printed form by request. To request a printed form of the 10-Q, please contact our Company at (805) 373-8688.
Sales for the quarter ended up at $1,240,000, or a 33% increase from the previous quarter. More striking is the comparison to the same quarter a year ago. When sales of this quarter are compared to sales of the same quarter last year, the increase is 337%. What a difference a year makes. Most of the increase was due to increased Tempest DVG sales. The net loss for the quarter was $1,290,000. The loss is primarily due to the expansion of the FNet infrastructure in anticipation of future revenue.
We have filed an amended 10-Q for quarter ended September 30, 1998. The main differences to the previous report were disclosure relating to year 2000 issues and resolution of the AT&T dispute. The SEC had contacted our Company, along with many other companies, asking that we revise the 10-Q to address year 2000 issues.
We have filed an S-8 with the SEC to register the underlying shares from all of our stock option plans. Don't worry, the number of shares in the plans will not be suddenly out in the market. Most of the employee options have a four-year term and are exercisable ratably over this time period. The reason that we are doing this is so employees may benefit from their efforts, without waiting the one-year holding period after exercise.
Thank you for taking the time to read about our Company.
-- Tom Russell |
