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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Flynn who wrote (9295)	7/14/1998 5:50:00 PM
From: David	Read Replies (2) \| Respond to of 26039

It looks like Printrak had a horrific year and quarter . . . . Their spin was "record revenues" and a "better than expected 1Q99." But let's take a minute on how they really did. After three acquisitions during the year, they could only increase revenues from $66 million to $72 million. IDX will overtake them as the revenue leader when it reports this month. AFIS revenues dropped on a quarter to quarter basis, from $15.1 million to about $13.7 million, after those acquisitions. AFIS reported an annual loss of $1.29 per share . . . or a loss of $.40 per share after one time charges are subtracted. This is sharply worse than analyst predictions, as far as I can tell. The just concluded 1Q99 (hey, isn't it pretty late to report an FY98 that closed last March?) is expected to come in with at least (an anemic) $15 million in revenues and one cent in earnings (versus consensus, if not AFIS, expectations of three cents), along with a warning that GAAP will require low revenue reports for the first two quarters of FY99. I can't evaluate backlog and future deal claims, but AFIS looks like they are in trouble at the moment. While all the biometric companies seem to be stumbling down the stretch at the moment, I think IDX has taken the lead after Printrak has broken down on the track.