Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NENG: Network Engines, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (133)	1/27/2004 2:22:27 AM
From: Gus	Respond to of 186

Network Engines (NENG) Sequential Revenue Growth 4Q03 to 1Q04 4Q03 1Q04 Q/Q TidalWire $14.8M $15.9M 7.43% ServerApp -Centera 12.1M 16.8M 38.84% -Other OEMs 1.9M 3.2M 68.42% Total $28.8M $35.9M 24.65% Network Engines (NENG) Estimated Gross Margins 1Q04 to 2Q04 Actual Actual Guidance Guidance % of Est. % of Est. Sales GM Sales GM 1Q04 1Q04 2Q04* 2Q04* TidalWire 44.3% ~18.3% 36.7%-38.2% ~7%-12%* ServerApp - Centera 46.8% 20.0% 50.0%-53.3% 20.0% - Other OEMS 8.9% ~25.0% 8.5%-13.3% ~27.0% Total (%) 100.0% 100% Total ($) $35.9M $30.0M-$34.0M Gross Margin 19.7% 16%-18% *First Full Quarter under amended EMC HBA contract. Note: Centera GM assumed at 20%

To: Gus who wrote (133)	4/22/2004 3:21:15 PM
From: Gus	Read Replies (2) \| Respond to of 186

Network Engines (NENG) Sales Trend 1Q02 to 3Q04 Quarter TidalWire Centera Others Total 1Q02 - $ 1.5M $ 0.6M $ 2.1M 2Q02 - 2.3M 0.7M 3.0M 3Q02 - 3.4M 0.7M 4.1M 4Q02 - 4.8M 0.5M 5.3M FY02 - $ 12.0M $ 2.5M $ 14.5M 1Q03 $ 0.3M 4.9M 0.8M 6.0M 2Q03 10.2M 8.1M 1.1M 19.4M 3Q03 12.6M 13.0M 1.4M 27.0M 4Q03 14.8M 12.1M 1.9M 28.8M FY03 $ 37.9M $ 38.1M $ 4.2M $ 81.2M 1Q04 15.9M 16.8M 3.2M 35.9M 2Q04 13.6M 19.2M 2.8M 35.6M <font color=blue> 3Q04(E) 14.0M ~17.0M ~3.0M 34.0M 3Q04(E) 15.0M ~19.0M ~4.0M 38.0M </font> Business Outlook Based on current forecasts from certain partners and historical and seasonal trends, Network Engines currently anticipates the following results for its fiscal third quarter ending June 30, 2004: - Net revenues in the range of $34 million to $38 million. - OEM Appliance revenues between $20 million and $23 million. - Distribution revenues in the range of $14 million to $15 million. - Gross profit in the range of 16 percent to 18 percent. - Operating expenses between $5.6 million and $5.8 million. - Net income between $400,000 to $800,000. - Cash position between $33 million and $35 million. "Our March quarter's revenue and net income showed better than expected strength, primarily due to the timing of shipments to certain OEM Appliance partners," stated Doug Bryant, Vice President of Finance and Administration and Chief Financial Officer. "Profitability remains one of our top priorities while we carefully continue to invest in the business. This is a critical time for the Company as we are rolling out our co-branded appliances, which we expect to start to contribute to revenues in subsequent quarters." networkengines.com