Well, well.QTEK to be promoted to 200k members.On a
3,4 million float.I can imagine.I will keep buying
before is to late.Refresh your memory on the estimates under this poster IR, and figure.
By: TwoTrades $$$
Reply To: 1373 by
TRI_Research $$$
Thursday, 13 Jul 2000 at 5:48 PM
EDT
Post # of 1377
From La Guardia GFS, twotrades.com :
Mr. TRI -
Often times our phones are busy because WE are busy, VERY busy
to be exact...primarily promoting QTEK and other clients. If you
would be so kind as to leave a message or send us an e-mail (
qtek_pr@twotrades.com ) we would be more than happy to speak
to you.
Our standard e-mail list is approx. 25k members, and our total
exposure on QTEK is over 200k members via joint promotions
campaigns.
Please feel free to contact us any time, regarding any issues,
questions or comments.
Sincerely,
La Guardia GFS
twotrades.com
888-577-6898
investor_relations@twotrades.com
QTEK buy reco, with $7.00, 18 months target, and $44.00 five year target.Puplic float 3,4 million only.
I want to see how good these guys are.
Research report just out! QTEK is getting some exposure. :o)
Communications Capital Corporation
4338 Redwood Ave., Suite 301, Marina Del Rey, CA 90292
Phone (310) 827-8519, Fax (310) 578-9977
PURCHASE RECOMMENDATION July 11, 2000
David V. Jackson CFA
QUINTEK TECHNOLOGIES, INC. (OTC Bulletin Board -
QTEK)
537 Constitution Avenue, Suite B
Camarillo, CA 93012
Tel: (805) 383-3904 CONTACT: Thomas W. Sims,
Fax (805) 482-6874 President & CEO
RECENT PRICE PRICE RANGE
$0.75 $3.00 - $0.625
PER SHARE EARNINGS (Fiscal June) PRICE EARNINGS
RATIO
FY01E FY02E FY03E FY04E FY05E FY01E FY02E FY03E
FY04E FY05E
$0.07 $0.19 $0.43 $0.66 $1.77 10.7X 3.9X 1.7X 1.1X 0.4X
Shares Outstanding: 16,939,466
Public Float: 3,400,000 *LOW Float!
Market Capitalization $12.7 million
Revenues: Net Income:
FY01E $ 6,591,000 $ 1,360,406
FY02E $ 14,136,000 $ 3,915,062
FY03E $ 33,761,000 $ 9,957,884
FY04E $ 82,042,000 $16,470,146
FY05E $209,846,000 $44,360,891
* Quintek operates under a fiscal year ending June 30, with
FY01 beginning July 1, 2000.
INVESTMENT OPINION:
WE RECOMMEND THE PURCHASE OF QUINTEK
TECHNOLOGIES, INC. FOR PROSPECTS OF
SIGNIFICANT CAPITAL APPRECIATION, BASED ON THE
COMPANY’S PATENTED ONE-OF-A-KIND PRODUCT
LINE WHICH USES LASER IMAGING TECHNOLOGY AND
DRY-SILVER MICROFILM TO PROVIDE A UNIQUE,
CHEMICAL FREE, AND COST EFFECTIVE SOLUTION TO
STORING DIGITAL INFORMATION FOR A LONG PERIOD
OF TIME. QUINTEK’S OUTLOOK IS SIGNIFICANTLY
ENHANCED BY THE JULY 11, 2000 ANNOUNCEMENT
THAT THE COMPANY’S PRIMARY COMPETITOR,
IMATION (PREVIOUSLY PART OF 3M CORPORATION),
HAS ABANDONED ITS FORMER WET CHEMICAL FILM
BUSINESS AND BECOME A PRIMARY PARTNER AND
DISTRIBUTOR FOR QUINTEK. IMATION PLANS TO
OFFER THE QUINTEK PRODUCTS BOTH TO ITS OWN
CLIENT BASE (OVER 5,000 END USERS) AND OTHER
PROSPECTIVE CUSTOMERS THROUGHOUT THE
WORLD. QUINTEK WILL CONTINUNE IN MARKETING
THE PRODUCTS THROUGH ITS OWN DISTRIBUTION
CHANNELS AND OFFER AN INTERNET-BASED
ARCHIVING SERVICE USING THE Q4300 EQUIPMENT
AND MEDIA AS A KEY OPERATIONAL COMPONENT.
USING A PRICE/EARNINGS MULTIPLE OF 25, OUR
PRICE TARGET IS $7 1/4 A SHARE OVER THE NEXT 18
MONTHS, AND $44 1/4 OVER THE FIVE -YEAR PERIOD.
TABLE 1
QUINTEK TECHNOLOGIES, INC.
PROJECTED INCOME STATEMENT
6/01E 6/02E 6/03E 6/04E 6/05E
Revenues $6,591,040 $ 14,135,968 $33,761,006 $82,042,413
$209,845,758
Cost of Goods Sold 3,776,000 7,941,594 18,335,403
43,543,805 106,478,481
Gross Profit 2,814,000 6,194,374 15,425,603 38,498,608
103,367,277
Gross Profit Margin 42.7% 43.8% 45.7% 46.9% 49.3%
Operating Expenses
Sales & Marketing 633,755 1,014,008 1,926,615 4,238,553
10,596,383
% Revenues 9.6% 7.2% 5.7% 5.2% 5.1%
Research & Development 307,200 675,840 1,655,808
4,056,730 10,750,335
% Revenues 4.7% 4.8% 4.9% 4.9% 5.1%
General & Administrative 512,160 819,456 1,638,912
3,933,389 9,833,473
% Revenues 7.8% 5.8% 4.9% 4.8% 4.7%
Depreciation 49,662 82,452 132,452 221,118 377,452
% Revenues 0.8% 0.6% 0.4% 0.3% 0.2%
Total Operating Expenses 1,502,777 2,591,756 5,353,787
12,449,790 31,557,643
Operating Expense Ratio 22.8% 18.3% 15.9% 15.2% 15.0%
Income From Operations 1,311,700 3,602,618 10,071,816
26,048,818 71,809,634
Operating Margin 20.0% 25.5% 29.8% 31.8% 34.2%
Interest Income 50,022 312,444 826,463 1,401,425 2,125,183
% Revenues 0.8% 2.2% 2.5% 1.7% 1.0%
Interest Expense 1,316 0 0 0 0
% Revenues 0.0% 0 0 0 0
Income Before Taxes 1,360,406 3,915,062 10,898,279
27,450,243 73,934,818
Pretax Margin 20.7% 27.7% 32.3% 33.5% 35.2%
Income Taxes 0 0 940,395 10,980,097 29,573,927
Tax Rate 0.0% 0 8.6% 40.0% 40.0%
Net Income $ 1,360,406 $ 3,915,062 $ 9,957,884 $
16,470,146 $ 44,360,891
Net income Per Share $ 0.07 $ 0.19 $ 0.43 $ 0.66 $ 1.77
Average Shares Outstanding 19,000,000 21,000,000
23,000,000 25,000,000 25,000,000 |
