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Technology Stocks : ARKONA -- Ignore unavailable to you. Want to Upgrade?


To: thomas a. burke who wrote (2)8/6/2005 10:00:13 AM
From: thomas a. burke  Read Replies (1) | Respond to of 6
 
Nice synopsis of fiscal year 2005:

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ARKONA Announces 10K Filing
Monday July 18, 9:00 am ET
Company Posts Record Revenue and Generates $0.085 in EPS for the Year

SALT LAKE CITY--(BUSINESS WIRE)--July 18, 2005--ARKONA Inc. (OTC: ARKN - News), a leader in Web-enabled dealer management solutions for the automobile industry, today announced that it has filed its Form 10-KSB with the SEC for fiscal year ended March 31, 2005. Highlights of the 10-KSB include:

Revenues of $7.25 million

Earnings per share of $0.085 on a fully diluted basis (after tax benefit)

67% increase in recurring monthly support fees

44% growth in customer base

Four new regional sales offices

The signing of a new five-year lease to relocate the company headquarters to a new 25,000-square-foot facility

75% increase in support personnel to meet the expected growth in demand for ARKONA products and services over the next 12 months.


"2005 was a year of building stronger market awareness and of internal investment for ARKONA, culminating in record revenues for the full year," said Alan Rudd, ARKONA chairman and chief executive officer. "Our future growth will be driven by the increasing importance of providing a dealer management system that is complete, scalable and cost-effective for dealerships of all sizes. We expect to gain further traction with dealer groups and mid- to large-sized dealerships in 2006 as additional complementary products are released which will help these organizations more effectively conduct their daily business. We believe the company is well positioned for strong growth in the year ahead, as evidenced by strong revenue and earning gains in our first quarter of fiscal year 2006 ended June 30, 2005."

ARKONA's 10K filing can be accessed from the ARKONA Web site at www.arkona.com/company/investors.html and then by selecting ARKONA Financials & SEC Filings. Shareholders and investors are encouraged to review the report for a more complete understanding of ARKONA's financial and market position. The company expects to report Q1/FY06 results before the end of July.

biz.yahoo.com