To: lee kramer who wrote (82749 ) 2/13/2000 2:04:00 AM From: Jenna Read Replies (1) | Respond to of 120523
OPTK..waited for the earnings to come out and they did on 2/9. Stock jumped on what looked like a good report and good potential OPTK comes from a sector that is a leader and many other stocks in the sector have relative strength ranks of over 85 which is indicative of a 'hot' sector. It also has a most attractive gain in EPS after a lost same quarter last year. Optika Inc. Reports Q4 and FY 99 Results Related Releases Announce Optika's New B2B Strategy, Partnership with NaviSite and $15 Million Equity Investment from Thomas Weisel Capital Partners COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Feb. 9, 2000-- Optika® Inc. (Nasdaq:OPTK - news), a leading provider of enterprise software and Internet solutions, today reported financial results for the fourth quarter and year ended Dec. 31, 1999. Revenue for the fourth quarter of 1999 was $6.0 million compared with $6.2 million in the fourth quarter of 1998. License revenue from the Company's flagship product, Optika eMedia(TM), was $3.0 million, up 151 percent from the $1.2 million reported in the comparable period last year. Net income for the fourth quarter was $105,000 or $0.01 per share on 7.2 million shares, compared with a net loss of $328,000 or a loss of $0.05 per share on 7.1 million shares, for the same period in 1998. Revenue for the year ended Dec. 31, 1999 was $21.8 million, up 17 percent from $18.6 million a year ago. Net loss for the year was $844,000 or a loss of $0.12 per share on 7.2 million shares, compared with a net loss of $5.1 million or a loss of $0.73 per share on 7.0 million shares for the year ended 1998. ************ Optika Inc. Announces $15 Million Investment From Thomas Weisel Capital Partners Investment to Be Used to Roll-Out B2B Trading Partner Resolution Networks COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Feb. 9, 2000-- Optika® Inc. (Nasdaq:OPTK - news), a leading provider of enterprise software and Internet solutions, today announced it has signed a definitive agreement for a $15 million investment from Thomas Weisel Capital Partners L.P., a private equity fund managed by Thomas Weisel Partners to increase market presence and aggressively expand its sales force as the company further capitalizes on its leadership position in the formation of Trading Partner Resolution Networks(TM) for business-to-business transactions. Trading Partner Resolution Networks are interactive communities that help businesses and their trading partners to resolve transaction issues efficiently over the Web. Optika also announced today in separate releases its entry into the emerging B2B Web resolution marketplace and its new alliance with leading ASP and Web hosting company NaviSite, Inc. (Nasdaq: NAVI - news). Under the terms of the investment, Thomas Weisel Capital Partners L.P. will purchase $15 million of convertible preferred stock and warrants. Alan Menkes, partner and co-director of Private Equity at Thomas Weisel Partners will also join the company's board of directors.