Time to buy ARI (NASD: ARIS)? Some collected DD
ARI network services, NASDAQ small cap, ticker: ARIS. web page: arinet.com
ARI Network Services, Inc. provides standards-based Internet-enabled electronic commerce
services to companies in selected industry sectors with shared distribution channels.
Revenues for the six months ended 1/31/98 rose 14% to $3.8 million. Net loss declined 30%
to $1.5 million. Results reflect an increase in revenues from the publishing and equipment
industries. Lower loss reflects a decrease in rent and management consulting expense
1. 9 consecutive quarters of quarter over quarter revenue
growth.
2. Expected to attain net positive cash flow July 98.
3. Management expects that revenue for the full year will
increase by approximately 15-20% compared to fiscal 1997
4. Recently signed up three new customers
biz.yahoo.com
biz.yahoo.com
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5. Good product, as attested to by their customers.
6. Ranked 8 of 106 (COMP-SERVICES group)
quote.yahoo.com
CEO Dearing has turned this company around. The quarter over
quarter revenue growth began with him. He has also recently been
promoted to Chairman of the Board. Paul Allen's investment
vehicle, Vulcan Ventures, is an investor in ARIS, and one of VV's
execs sit's on ARIS's board. This is an extremely close
connection to Microsoft.
CUSTOMERS
ARI serves customers primarily in the agribusiness,equipment, transportation and
publishing industries. The company's customers include ABB, ADP, American Honda,
Arctic Cat, Coachmen RV, Dow AgroSciences, Dupont,
Jayco, John Deere, Kohler, Mercury Marine, Monsanto,
Pharmacia & Upjohn, Robert Bosch Corporation, Roche Vitamins, Simplicity, Tecumseh,
Toro, Yamaha and many others.
Financial Info
stock price
Last 2 1/2
52 Week High 5 1/4
52 Week Low 1.060
Book Value/Share $2.05
Market Cap. 10.1 Mil
# Shares Out. 4.2 Mil
Revs
FY (7/98) FY (7/97) FY (7/96)
1st Qtr 2.0 1.7 1.1
2nd Qtr 1.8 1.7 1.1
3rd Qtr 1.7 1.7 1.4
4th Qtr NA 1.8 1.6
Total 5.5 6.9 5.2
EPS
FY (7/98) FY (7/97) FY (7/96)
1st Qtr $-0.16 $-0.32 $-0.32
2nd Qtr $-0.20 $-0.24 $-0.40
3rd Qtr $-0.21 $-0.24 $-0.32
4th Qtr NA $-0.08 $-0.32
Total $-0.57 $-0.88 $-1.36
YTD sales and income
Sales $7 Mil
Income $-3 Mil
Short shares history for past 12 months
Month Shares Short Avg Daily Volume Ratio
06/98 1,633 9,533 0.17
05/98 4,549 32,392 0.14
04/98 1,728 8,424 0.21
03/98 2,754 8,100 0.34
02/98 476 9,322 0.05
01/98 5,053 64,670 0.08
12/97 2,095 5,345 0.39
10/97 6,714 47,608 0.14
09/97 6,419 27,093 0.24
08/97 3,600 13,870 0.26
07/97 6,437 9,178 0.70
06/97 5,820 8,599 0.68
Ratio = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.
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