To: Susan Saline who wrote (442 ) 7/27/1999 2:17:00 AM From: AlienTech Read Replies (1) | Respond to of 1214
>>Business Summary INIT is a provider of a comprehensive suite of hosting and enhanced Internet services that enable customers to deploy and manage their Web sites and network-based applications more effectively. For the 3 months ended 3/99, revenues totalled $5.4M, up from $13K. Net loss totalled $7.2M, up from $539K. Revenues benefitted from the acquisition of 15 various businesses. Higher loss reflects increased S/G/A expenses associated with the acquisitions. << That is only the revenue for Interliant texas, Not Interliant INIT. I think the stocks still cheap because of just this part. The actual revenue for INIT was over 10 mil, or 41 mil for year 1998. Just the webhosting part was 10 mil which is still above ISLD/ABOV. I think coverage needs to start for the real numbers to show up from the brokers and clear this stuff up. I cant belive people dont look at the actual S1 but read the yahoo crap and think the old company reports are for INIT as a whole. INIT is made up of 17 other companies. I expect this one to do a BEAM at that time.. Remember what I said about BEAM? :) and this is the only reason I hung on since I dont know when one of the big boys will see it and go DOH! Since our inception in December 1997, we have grown rapidly through the acquisition of 17 hosting and related Internet service businesses. We provide Web hosting solutions to more than 47,000 customers, representing more than 79,000 registered Web sites that are actively maintained and used. We also host more than 10,000 customized Lotus Notes/Domino based applications for more than 1,300 customers. Our pro forma net loss, giving effect to acquisitions completed to date, was approximately $39.0 million for the year ended December 31, 1998 and our pro forma revenues for that same period were $41.3 million. For the year ended December 31, 1998 and on a pro forma basis giving effect to acquisitions completed to date: - 28.0% of our revenues were derived from our Web hosting product offerings; - 51.3% of our revenues were derived from our application hosting product offerings; - 14.0% of our revenues were derived from consulting services; and - 6.7% of our revenues were derived from other services. edgar-online.com