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.

Gold/Mining/Energy : DataWave Vending Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SPRINGS who wrote (184)	8/29/1998 3:10:00 PM
From: Mr Stock	Read Replies (2) \| Respond to of 289

DataWave Systems Inc - 3mo results DataWave Systems Inc DTV Shares issued 26,865,874 1998-08-27 close $0.71 Friday Aug 28 1998 Mr. Peter Hough reports Revenue of $2,728,609 (U.S.) for the first quarter ended June 30, 1998 presented an increase of 60 per cent compared to $1,705,359 (U.S.) for the first quarter ended June 30, 1997. The company is anticipating similar revenue growth as experienced during this quarter for the second quarter of this fiscal year. The majority of the costs making up the net loss for the quarter of $1,401,383 (U.S.) were one time in nature and attributable to the following evens: writeoff of deferred financing costs relating to the equity financing prospectus; acquisition costs and infrastructure buildout of Metrophone Telecommunications, acquired during the first quarter; conversion of DataWave's equipment from MCI to AT&T which costs were written off during the quarter; and, personnel and infrastructure costs associated with supporting the future expansion plans relating to the rollout of DataWave equipment. FINANCIAL HIGHLIGHTS Three months ended June 30 (U.S. dollars) 1998 1997 Revenue $ 2,728,609 $ 1,705,359 Income (loss) (1,401,383) (89,887) Earnings per share (5 cents) (0 cents)