I am buying PRLO and PRLOW,,,
52-Week Low $0.50
Recent Price $0.688
52-Week High $1.688
Beta -0.05
Daily Volume (3-month avg) 13.0K
Share-Related Items
Market Capitalization $3.03M
Shares Outstanding 4.40M
Float 2.60M
Sales 20.6MM
I expect ,,this co should be trading at 1 3/4 - 2 1/2 ,, with 20.6 million revenue...
Prologic Management Systems (PRLO, Nasdaq)
PRLO is a genuine Internet company and in the process of growing their business in this area. They recently entered an agreement which provides the framework for the formulation of an international Advanced Technology Group (''ATG'') designed to harness state-of-the-art information technologies for clients worldwide. ATG projects will primarily cover the areas of Telecom, Data, and Inter/Intranet applications. The company is growing its business globally.
For the last nine months, they grew revenues by 66%. Sales in the last year totaled 20.6MM, while the market capitalization is a tiny 3MM, less than 1/6 of sales. Shares outstanding are 4.4MM with a very small float of 2.6MM. Currently this undervalued stock is just a few pennies away from its 52 week low of .50 and a good distance from its high of 1.68.
Finally, the Company has established a $5 Million credit facility with Coast Business Credit, that replaces a more restrictive facility. The company appears to have a bright future and to be significantly undervalued at current prices. The above factors along with the new project of harnessing information technologies in Telecom, Data and Internet applications for clients all over the globe make this equity very attractive at current prices.
Business Summary
PRLO provides systems integration services, networking services and applications software for the commercial market, specializing in the manufacturing and wholesale distribution industries. For the nine months ended 12/31/97, net revenue rose 66% to $16.9 million. Net loss fell 35% to $1.1 million. Results reflect increased sales of third party hardware, partially offset by lower margins due to changes in sales mix to higher costing third party hardware.
Statistics at a Glance -- PRLO Last Updated: Apr 24, 1998
Price and Volume
(updated Apr 24, 1998)
Tuesday April 7, 10:29 am Eastern Time
Company Press Release
Prologic Signs International Joint Venture Agreement in Paris, France
TUCSON, Ariz.--(BUSINESS WIRE)--April 7, 1998--PROLOGIC MANAGEMENT SYSTEMS, INC. (NASDAQ: PRLO - news, PRLOW - news; BSE: PRC, PRCW) announced that a joint venture agreement was signed between France-based CS Compagnie des Signaux, its CISI subsidiary, and Prologic Management Systems, Inc. and its wholly-owned subsidiary, BASIS, Inc. The agreement provides the framework for the formulation of an international Advanced Technology Group (''ATG'') designed to harness state-of-the-art information technologies for clients worldwide. ATG projects will primarily cover the areas of Telecom, Data, and Inter/Intranet applications. The Companies have already initiated marketing of ATG services internationally. It is anticipated that Rand Information Systems, Ltd., a CISI subsidiary, will participate in ATG projects in Europe.
''We feel this is one of the first agreements of its kind and differs significantly from current service models,'' stated Don Legnitto, Prologic's Chief Technical Officer. ''By consolidating and coordinating real enterprise experts across all computing layers into a virtual single contracting entity, the results will be better, faster and cheaper large scale enterprise projects across all industries.''
''As businesses expand their operations beyond their own walls, the nature of information systems becomes more complex. Specialized ATG teams dedicated to designing, developing and migrating global solutions for global companies will provide maximum value and a competitive edge in world markets,'' said Olivier Jouve CISI's Director of Information Technologies.
CS Compagnie des Signaux (''CS'') is a French Group specializing in Telecommunications (Data Communication solutions based on Frame Relay and ATM technologies) and on Systems Integration. CS provides turnkey systems relating to distributed information and networks in the scientific technical as well as management domains. CS, quoted on the Paris Stock Exchange (Bourse de Paris SBF250 RM SICOVAM: 12157), employs nearly 4,500 persons and is active in more than 60 countries. CS has a 64% majority holding in CISI, with the remaining 36% of CISI held by Cap Gemini.
PROLOGIC MANAGEMENT SYSTEMS, INC. is a software development and commercial systems integration firm with development expertise in manufacturing, distribution, resource planning and resource tracking. The Prologic subsidiaries, BASIS, Inc. (California, Oregon) and Great River Systems, Inc. (St. Paul, MN), offer national and regional systems integration expertise. The Company's services include enterprise and workgroup client/server design and optimization, relational database development, LAN/WAN and workgroup solutions, Internet/intranet design and connectivity, and graphic design services for the World Wide Web. Prologic provides a full range of hardware and commercial software solutions, with a focus on UNIX-based products, as well as NT and legacy interoperability.
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Thursday March 19, 10:10 am Eastern Time
Company Press Release
Prologic Announces $5 Million Credit Facility
TUCSON, Ariz.--(BUSINESS WIRE)--March 19, 1998--PROLOGIC MANAGEMENT SYSTEMS, INC. (NASDAQ: PRLO - news, PRLOW - news; BSE: PRC, PRCW) announced today that the Company has established a $5 Million credit facility with Coast Business Credit, that replaces a more restrictive facility.
The line of credit will be used primarily for operations financing. The Company has had a 66% increase in sales for the nine months ended December 31, 1997, as compared to the same period for the previous fiscal year. Prologic CFO, William E. Wallin, said that the larger credit facility will help sustain the Company's continued sales growth and expansion plans.
Monday February 23, 11:24 am Eastern Time
Company Press Release
Prologic Increases Revenues and Improves Operating Results in its Third Quarter
TUCSON, Ariz.--(BUSINESS WIRE)--Feb. 23, 1998--PROLOGIC MANAGEMENT SYSTEMS, INC. (NASDAQ: PRLO - news, PRLOW - news; BSE: PRC, PRCW) announces an increase in net revenues and improved operating results for its third quarter ended December 31, 1997. Revenues increased approximately 66% to $16,930,677 for the nine month period, as compared to $10,196,634 for the previous year's nine month period. For the three month period, revenues increased to $6,346,861 from $5,962,720 for the same quarter of the previous year. In addition, sales of higher margin software licenses and services increased approximately 30%, as part of the Company's efforts to increase higher margin sales. Net loss decreased significantly from $595,369 to $355,471 for the third quarter ended December 31, 1997. The net loss improvement is the result of increased sales and reduced operating expenses.
James M. Heim, President and CEO of Prologic Management Systems, Inc., stated, ''As anticipated, our third quarter results show an overall improvement in both top and bottom lines. Although we have shown significant improvement, we are working earnestly toward profitability in the near future.''
Prologic Management Systems, Inc. Vice President of Sales, Dan Udoutch, stated, ''In our third quarter we focused on restructuring our sales organization to increase service revenues and impact the bottom line. We hope to see the effects of our efforts in the near future, as we continue to build service revenues company-wide.
Prologic Management Systems, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(unaudited)
Three Months Ended
December 31,
1997 1996
Net Revenues $ 6,346,861 $ 5,962,720
Operating income (loss) (220,613) (447,065)
Other income(expense) (134,858) (148,304)
Net loss $ (355,471) $ (595,369)
Net loss per common share $ (0.10) $ (0.16)
Weighted shares outstanding 3,696,840 3,665,395
Nine Months Ended
December 31,
1997 1996
Net Revenues $ 16,930,677 $ 10,196,634
Operating income (loss) (805,344) (1,265,455)
Other income(expense) (317,354) (469,765)
Net loss $ (1,122,698) $ (1,735,220)
Net loss per common share $ (0.30) $ (0.47)
Weighted shares outstanding 3,696,840 3,665,395 |
