Ya boy Taki outta control...FIND=passion of Christ lmao!!
I ALMOST SPIT OUT MY LATTE WHEN I READ THIS.
To:Taki who wrote (131371)
From: Taki Monday, Apr 19, 2004 12:33 PM
View Replies (3) | Respond to of 131388
FIND.19 Bible,with the movie out Passion,revenues probably thru the roof.Q is due by May 15th.Waiting to see it.
It has been a good trader stock.
DD below:As well as earnings,all the way down.
1)Shares out as of March 30, 2004=21,011,438million
2)Insiders own about 37% of shares.
3)Small floater,fast mover.
4)Approximately 800 holders of record of our common stock.
5)I see no S8s.
6)I see no dilution.
7)FIND - look at the retailers: findex.com
8)Big profits,for a little company.
9)Most of the revenues,came from the industry-leading Bible-study software
10)Bible study,and with the movie out Passion,revenues probably thru the roof.Q is due by May 15th.
11)Per CEO on the 10k:We believe that the growth in religious sales has been, and is currently being driven in part by the increased spending power of churchgoer?s generally and recently by heightened media exposure that resulted from the release of the major motion picture, The Passion of the Christ ® .
We are focused on becoming the premier provider of Bible study and related faith-based software products and content to the domestic and international markets through ongoing internal development of new products, expansion and upgrade of existing products, and strategic product line and/or corporate acquisitions and licensing. Our religious software titles are currently divided among the following six categories:
o Bible Study
o Financial/Office Management Products for Churches and other Faith-Based Ministries
o Print & Graphic Products
o Pastoral Products
o Children?s Products
o Language Tutorial Products.
Steven Malone 2,376,111 9.5%
Henry M. Washington 1,650,000 6.6%
John A. Kuehne 1,650,000 6.6%
Kirk R. Rowland 1,894,111 7.6%
William Terrill 1,751,127 7.0%
All officers and directors 9,321,349 37.3%
as a group (5 persons)
For the fiscal year ended December 31, 2003, approximately 62% of our revenues were derived from sales of our flagship QuickVerse ® software, the industry-leading Bible-study software now in its 15 th year and 8 th version, which is available in an array of content package variations ranging in retail price from $9.95 to $299.95. QuickVerse ® has sold over a million copies since its introduction and is currently a market leader in its category.
In addition to QuickVerse ® , we also develop and market certain other Bible study software packages. These include the Complete Bible Resource Library ® , the Book ® , The Life Application Bible ® , A Walk in the Footsteps of Jesus ® , Adam Clark?s Commentary on the Bible ® , and Dictionaries of the New Testament ® . Although our prices are subject to change from time to time, these titles currently range in retail price from $19.99 to $79.99 per unit.
FindEx Releases 2003 Results
THURSDAY , APRIL 15, 2004 03:46 PM
OMAHA, Neb., Apr 15, 2004 (BUSINESS WIRE) -- FindEx.com, Inc. (OTCBB:FIND) announced results for the year ended December 31, 2003 and for the fourth quarter.
Net sales for the year ended December 31, 2003 increased 12% to $4,390,757 from sales of $3,908,694 for the year ended December 31, 2002. During 2003 the Company had several non-recurring items take place totaling approximately $1,390,000 which positively effected net income. These non-recurring items had no effect on the cash flow statement. Accordingly, net income increased from $216,978 in the year ended December 31, 2002 to $1,841,499 for the year ended December 31, 2003. Net of the non-recurring items, our net income increased approximately $235,000 from a net income of approximately $217,000 for the year ended December 31, 2002 to a net income of approximately $452,000 for the year ended December 31, 2003. Basic Earnings Per Share (EPS) increased from $.01 for the year ended December 31, 2002 to $.09 for the year ended December 31, 2003.
For the fourth quarter ended December 31, 2003 the Company reported net sales of $1,801,937 as compared to $976,228 for the quarter ended December 31, 2002. This represented an increase in sales of 84%. Net income increased $1,255,460 for the quarter from a net income of $93,603 in the fourth quarter of 2002 to net income of $1,349,063 in the fourth quarter of 2003.
Commenting on the year, Steven Malone, FindEx's Chairman and President stated, "While pleased with results, we had hoped to realize a better outcome. We believe the delay experienced in releasing QuickVerse 8, our flagship product, cost the Company an additional million dollars in revenue. However, we have made provisions so that we should not experience significant product release delays moving forward."
"As for the future, we are very encouraged by the direction we are heading in 2004 and beyond. We have rebuilt our development team and are continuing to add new talent. We have expanded our sales and marketing team, and embarked on an aggressive product development and marketing schedule that we feel will achieve substantially greater results for us in the year to come. Lastly, we are pleased to have finally settled our dispute with the Zondervan Corporation, and we hope to one day work with them again."
In discussing the operating results of the Company, Kirk Rowland, Chief Financial Officer for FindEx stated, "We improved our profitability from operations, doubled our net income after removing the non-recurring items, and continued our positive cash flow from operations. This allowed us to improve our working capital and make significant progress into the next phase of our corporate growth strategy. The non-recurring items, while not providing any cash, did result in approximately $1,390,000 of additional net income and an improvement in our balance sheet."
About FindEx.com Inc.
FindEx is a developer, publisher, and distributor/seller of off-the-shelf consumer and organizational software products. The common thread among the Company's products is a customer constituency that shares a devotion to or interest in Christianity and faith-based "inspirational" values. We are focused on becoming the premier provider of Bible study and related faith-based software products and content to the domestic and international markets. Our flagship product is QuickVerse. QuickVerse simplifies biblical research with powerful searching that anyone can use to find information across multiple Bibles and reference books. QuickVerse includes customizable options for daily Bible reading, and devotional and in-depth Bible study. One of our PDA Editions, specifically made for the Pocket PC or Palm OS, enables users to take their studies with them Anytime, Anywhere. For product information see: www.quickverse.com |
