Market Guide for MEMO;
Voice It Worldwide Inc. Ticker: MEMO Page 1 of 10
Complete Financials: June 1999 Exchange OTC
FY END DEC
ISSUE DATA (10/08/99) PER SHARE DATA RATIOS
Price $ 0.19 EPS (TTM) $ -0.18 P/E (TTM) NM
52W High $ 1.13 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 0.08 Book Value $ -0.09 Price/Book NM
Shrs Out 6.47 Mil Cash $ 0.21 ROE (TTM) NM %
Float 2.90 Mil Rev (TTM) $ 2.32 ROA (TTM) -23.98 %
Mon. Vol 0.28 Mil Curr. Ratio 1.50
Beta 0.05 LT Dbt/Eqty NM
BRIEF: MEMO designs, develops and markets personal consumer
electronics products which digitally record and store voice
information on solid state memory. For the 6 months ended
6/30/99, revenues totalled $9.8M, up from $2.2M. Earnings
totalled $1M vs. a loss of $1.4M. Revenues reflect the
change in marketing strategy to selling mobile dictation
recorders with Dragon systems voice software. Earnings also
benefitted from decreased sales/marketing and R&D expenses.
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Voice It Worldwide Inc. QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1996 1997 1998 1999
1st Qtr MAR 2,762 1,356 1,258 5,730
2nd Qtr JUN 2,390 1,362 894 4,072
3rd Qtr SEP 2,203 1,361 651
4th Qtr DEC 4,864 3,505 4,514
EPS (U.S. Dollars per share)
1st Qtr MAR -0.010 -0.090 -0.090 0.100
2nd Qtr JUN -0.010 -0.085 -0.130 0.062
3rd Qtr SEP -0.290 -0.160 -0.090
4th Qtr DEC 0.010 0.010 -0.250
4/98, Company delisted from NASDAQ. FY'95 Annual financials
& Q's are reclassified. FY'98 Q's are being reclassified.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 19
Last Div Ex-Date NA Sales/Employee (TTM) 787,737
Last Div Pay Date NA Net. Income/Empl.(TTM) NM
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Voice It Worldwide Inc. COMPANY COMPARISON Page 3 of 10
TO THE ELECTRICAL & ELECTRONIC COMPONENTS AND S&P 500 AGGREGATES
VALUATION RATIOS: COMPANY INDUSTRY S&P 500
P/E Ratio NM 47.03 35.31
Dividend Yield 0.00 0.35 1.24
Price to Tangible Book -2.19 7.50 11.87
Price to Book NM 6.41 8.76
Price to Free Cash Flow 1.11 47.08 43.32
GROWTH STATISTICS:
3 Yr Rev Growth -22.36 6.10 14.80
3 Yr EPS Growth NM -8.82 17.76
3 Yr Div Growth NM 2.64 11.60
Reinvestment Rate 100.00 81.33 71.62
PROFITABILITY RATIOS:
Net Profit Margin -7.84 6.82 11.46
Return on Equity NM 10.25 22.11
Interest Coverage -5.81 10.39 9.78
FINANCIAL STRENGTH RATIOS:
Current Ratio 1.50 2.68 1.46
LT Debt to Equity NM 0.32 0.83
Total Debt to Equity NM 0.40 1.04
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Voice It Worldwide Inc. TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned 0.00 % Net Insider Trades -1
# of Institutions 0 # Buy Transactions 0
Total Shs Held 0.000 Mil # Sell Transactions 1
3 Mo. Net Purch. -0.096 Mil Net Shares Bought -0.013 Mil
3 Mo. Shs Purch. 0.000 Mil # Shares Bought 0.000 Mil
3 Mo. Shs Sold 0.096 Mil # Shares Sold 0.013 Mil
4 Week Price % Change -59.9% 4 Week Rel. Price % Change -59.4%
13 Week Price % Change -80.6% 13 Week Rel. Price % Change -79.6%
26 Week Price % Change -33.1% 26 Week Rel. Price % Change -32.5%
52 Week Price % Change -49.9% 52 Week Rel. Price % Change -63.1%
YTD Week Price % Change -49.9% YTD Week Rel. Price % Change -53.9%
MARKET MAKERS: NITE SHRP MHMY HILL MASH WIEN HRZG PGON NAIB
Copyright (c) 1999, Market Guide Inc., All rights reserved (more)
Voice It Worldwide Inc. EQUITY, OFFICERS & ADDRESS Page 5 of 10
Common Stock $.10 Par, 6/99, 20M auth., 6,466,502 issd.
Insiders control approx. 33%. Renaissance Capital Growth &
Income Fund III, Inc. own approx. 15%, Applied Voice
Recognition, Inc. owns 7%. 12/94, per reorganization of
Lander Energy Co.; Basis 1-for-1. (As of 12/98) LTD: $88K
@ Prime + 2.5%, $2.5M @ 8%, $260K @ 10%.
OFFICERS: Ajit Kumar, CEO, J. Fredrick Walters, Chmn.,
Dale A. Dreckman, VP-Fin./Contr., John H. Ellerby, CFO/
Secy./Treas. TRANSFER AGENT: American Securities
Transfer, Inc., Denver, CO. Company incorporated 1993 in
CO. Direct inquiries to: Gil Ellerby, Investor Relations.
ADDRESS & PHONE NUMBERS
Voice It Worldwide Inc.
2643 Midpoint Drive
Suite A
Fort Collins, CO 80525
PHONE: (970) 221-1705
FAX: (970) 221-2058
Copyright (c) 1999, Market Guide Inc., All rights reserved (more)
Voice It Worldwide Inc. ANNUAL INCOME STATEMENT Page 6 of 10
(Thousands of U.S. Dollars)
12M 12/31/95 12M 12/31/96 12M 12/31/97 12M 12/31/98
Net Sales 15,635 12,219 7,584 7,317
Total Revenue 15,635 12,219 7,584 7,317
Cost of Sales 9,705 7,016 4,352 4,630
Obsolete Goods 0 1,422 0 1,221
Admin./General 872 1,172 1,245 1,435
Selling/Marketing 5,432 3,107 2,348 1,838
Research/Development 578 786 920 1,518
Total Expenses 16,587 13,503 8,865 10,642
Operating Income -952 -1,284 -1,281 -3,325
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Voice It Worldwide Inc. ANNUAL INCOME STATEMENT Page 7 of 10
(Thousands of U.S. Dollars)
12M 12/31/95 12M 12/31/96 12M 12/31/97 12M 12/31/98
Operating Income -952 -1,284 -1,281 -3,325
Interest Expense -94 -274 -341 -284
Interest Income 67 1 5 11
Income Before Taxes -979 -1,557 -1,617 -3,598
Income Taxes 0 0 0 0
Income After Taxes -979 -1,557 -1,617 -3,598
Pri/Bas EPS Ex. XOrd -0.213 -0.308 -0.319 -0.556
Pri/Bas EPS In. XOrd -0.213 -0.308 -0.319 -0.556
Primary/Basic Avg Sh 4,607.88 5,054.80 5,062.54 6,466.50
Common Dividends/Shr 0.0000 0.0000 0.0000 0.0000
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Voice It Worldwide Inc. SELECTED INCOME STATEMENT Page 8 of 10
(Thousands of U.S. Dollars)
QUARTERS YEAR TO DATE
3M 06/30/98 3M 06/30/99 6M 06/30/98 6M 06/30/99
Revenue 894 4,072 2,152 9,802
Operating Expenses 1,641 3,661 3,392 8,728
Operating Income -747 411 -1,240 1,074
Non-Operating Income 0 0 0 0
Non-Operating Expenses -78 -9 -155 -45
Income Before Taxes -825 402 -1,395 1,029
Income Taxes 0 0 0 0
Adjustments to Income 0 0 0 0
Inc. for Primary EPS -825 402 -1,395 1,029
Pri/Bas EPS Ex. XOrd -0.128 0.062 -0.216 0.159
Disc Opns + Xord Items 0 0 0 0
Pri/Bas EPS In. XOrd -0.128 0.062 -0.216 0.159
Primary/Basic Avg Sh 6,466.50 6,466.50 6,466.50 6,466.50
Dilutd EPS Excl XOrd -0.128 0.062 -0.216 0.159
Dilutd EPS Incl XOrd -0.128 0.062 -0.216 0.159
Common Dividends/Shr 0.000 0.000 0.000 0.000
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Voice It Worldwide Inc. SELECTED BALANCE SHEET Page 9 of 10
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
12/31/97 12/31/98 06/30/98 06/30/99
Cash & ST Investments 867 222 193 1,385
Receivables 2,814 2,388 652 1,336
Total Current Assets 6,059 4,377 3,420 4,489
LT Investments 0 0 0 0
Fixed Assets 430 196 334 177
Total Assets 7,321 4,843 4,582 4,894
Accounts Payable 1,799 3,291 1,204 2,373
ST Debt & Curr LTD 769 88 198 104
Total Current Liab. 2,857 3,717 1,563 2,998
LT Debt & Cap Leases 2,450 2,710 2,401 2,450
Total Liabilities 5,307 6,427 3,964 5,448
Preferred Stock 0 0 0 0
Common/Paid In Capital 7,367 7,367 7,367 7,367
Retained Earnings -5,352 -8,951 -6,748 -7,921
Total Equity 2,015 -1,584 619 -554
Shares Outstanding 6,467 6,467 6,467 6,467
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Voice It Worldwide Inc. SELECTED STMT OF CASH FLOWS Page 10 of 10
INDIRECT METHOD (Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12M 12/31/97 12M 12/31/98 6M 06/30/98 6M 06/30/99
Net Income -1,616 -3,599 -1,396 1,030
Depreciation & Amort. 424 299 275 118
Non Cash Items -16 2,036 76 -289
Total Operating CF -890 -186 120 1,464
Capital Expenditures -244 -30 -20 -54
Total Investing CF -627 -39 -175 -57
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 1,296 0 0 0
Net Borrowings 502 -420 -620 -244
Total Financing CF 1,798 -420 -620 -244
Exchange Rate Effect 0 0 0 0
Net Change In Cash 282 -645 -674 1,163
Oper CF-Cap Exp-Div Pd -1,134 -216 100 1,410
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