JIM:
DCCA: Also moved well today in spite of the earnings report which still included a loss of $0.34 for the Q and $0.81 for the year. Of course it was better than the previous year losses.
The stock has continued to move well since our last comments.It seems it could get ready to test the Nov. H at the 5.93 level.The Oct. H was 7.50 and if it could go through that hurdle it then would have to deal with the resistance from Aug.-Sept.at the 8 1/2 to 10 before it could think about the Jul.17 H at 15 5/8
The company reportedly has been buying some of its shares. In November it had announced a deal with Agilent and in December with Nextel.
Here is a copy of today's earnings report:
BOTHELL, Wash., Feb. 5 /PRNewswire/ -- Data Critical Corporation (Nasdaq: DCCA - news), a wireless communication technology company, announced its results for the fourth quarter ended December 31, 2000 and the year ended December 31, 2000.
(Photo: newscom.com )
Revenue in the fourth quarter increased 16 percent to $4.2 million, compared to $3.6 million for the same period in 1999. The company reported a fourth-quarter net loss of $4.2 million, or ($0.34) per basic and diluted share, excluding $0.7 million for depreciation and amortization. That compares to a net loss of $3.0 million, or ($0.46) per basic and diluted share for the fourth quarter of 1999. Including depreciation and amortization and the effects of Data Critical's share repurchase program, the Company reported a fourth-quarter net loss of $4.8 million, or ($0.39) per basic and diluted share.
Revenue for the year ended December 31, 2000, increased 87 percent to $17.8 million, compared to $9.5 million for the same period in 1999. The net loss in 2000 was $9.4 million, or ($0.81) per basic and diluted share, excluding depreciation and amortization and the non-recurring charges related to acquisitions, compared to a net loss of $4.8 million, or ($1.74) per basic and diluted share for the previous year. Including depreciation and the non-recurring charge the Company reported a 2000 net loss of $14.0 million, or ($1.20) per basic and diluted share.
``During the quarter we successfully repositioned Data Critical for near-term profitability and long-term growth. As we expected, the fourth quarter was a transitional quarter to our new business model with our new distribution partnerships. Our sales and implementation forces have all successfully moved to Medtronic, where virtually all former Data Critical personnel accepted employment. And with approximately $20 million in cash, no debt and a modest, declining operating cash burn of approximately $2.1 million per quarter, we are poised to meet our continued profitability goals and objectives,'' said Jeff Brown, president and CEO of Data Critical.
``For the year, we achieved another record year of revenue and cemented vital, revenue-generating relationships with key industry players,'' continued Brown. ``Our newly developed distribution relationships with Medtronic, Agilent (Philips), Nextel and Nellcor Puritan Bennet (Tyco) are keys to our long-term success. We introduced two new products to the market in AlarmView and FlexView, which we expect will begin to achieve market acceptance in 2001. We received a $10 million investment from Aether as their first in healthcare, and we will see the benefits of this relationship pay off this year. We acquired two new companies over the course of the year -- Elixis -- which solidified our position in the physician hand-held market -- and Paceart -- which helped to develop our strong cardiology emphasis.''
Data Critical's direct hospital bookings in the fourth quarter of 2000 were $4.4 million, compared with roughly $2.5 million for the same period in 1999. As of December 31, 2000, Data Critical had booked over 460 StatView hospital systems in more than 270 hospitals and more than 860 Paceart systems in approximately 820 hospitals and medical facilities.
About Data Critical:
Data Critical Corporation develops and distributes wireless and Internet systems for communicating critical healthcare data. The company offers StatView(TM), AlarmView(TM) and FlexView(TM), a line of wireless alarm notification products for hospitals. It also provides MobileView(TM) and ECGStat(TM), a line of wireless products for physicians as well as WebChart(TM) and PocketChart(TM). The company has twenty-five partnerships with such industry leaders as Aether Systems, Agilent Technologies, CRITIKON, General Electric, LabCorp, Medtronic, Siemens, Tyco and Welch Allyn. Additional information about Data Critical is available at www.datacritical.com.
Data Critical Corporation will hold its quarterly investor conference call on Monday February 5, 2001 at 1:45 p.m. (PST). The call in telephone number is 800-218-9073. Investors can also listen (only) to the conference call in real time or by recording (for 90 days), by visiting the following Internet address datacritical.com and clicking on investor relations. A recorded playback will be available one hour after the call is completed and will be available through Monday, February 12, 2001, 6:00 p.m. Pacific time. Replay telephone number 800-405-2236 reservation number 808776. |
