To: Kaliico who wrote (13944 ) 10/25/1999 7:51:00 PM From: American Spirit Read Replies (1) | Respond to of 57584
I too wil buy more DCTI in the low 4's if it goes back there again. What a day, from 5 1/16 to 4. Got to strike like a snake. The good news is I think any e-commerce rally around Xmas will really benefit DCTI, at least it should. Here's from their last quarter report. Digital Courier's net revenues for the first quarter of fiscal year 2000 were $3,020,171, compared to net revenues of $319,352 for the first quarter of fiscal 1999 and $2,752,407 for the fourth quarter of fiscal year 1999. The increase in revenue from the fourth quarter of fiscal year 1999 is due to the acquisition of Secure-Bank.com, Inc. in June 1999. ``We are pleased with the results of our most recent quarter. E-commerce continues to grow dramatically, and we are benefiting from the resulting need for sophisticated and reliable payment processing of Internet-based transactions. Our financial results affirm our strategy of providing major international financial institutions and merchants with world-class payment processing and fraud prevention services and software,' said Mitchell Edwards, Executive Vice President and Chief Financial Officer of Digital Courier. ``Our recent acquisition of DataBank International Ltd., which closed on October 5 and is not reflected in these quarterly results, will only further enhance our revenue stream and presence in international Internet payment processing,' he added. DataBank's net sales for the six months ended June 30, 1999 were $9,018,226. Digital Courier's first quarter of fiscal year 2000 net loss before the effect of non-cash charges related to depreciation and goodwill amortization was $848,299, or $0.05 per fully diluted share, compared with a loss of $724,852 or $0.08 per fully diluted share and a net loss of $2,061,586 or $0.13 per fully diluted share during the first and fourth quarters of fiscal year 1999, respectively. Net loss for the first quarter of fiscal year 2000 was $2,917,130 or $0.16 per share on a fully diluted basis as compared to $5,120,580 or $0.56 per share on a fully diluted basis and $3,518,640 or $0.23 per share on a fully diluted basis for the first and fourth quarters of fiscal year 1999, respectively. Digital Courier supplies financial institutions, businesses and Internet merchants with sophisticated e-commerce and payment processing software and services. Its integrated netClearing product provides an end to end Internet payment gateway to the credit card networks, provides payment-processing management, and combines real-time access with sophisticated fraud prevention features. For more information about the netClearing product, visit us on the Internet at dcourier.com or netclearing.com .