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 : CSI Credit Systems CSU.VSE -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (37)	9/22/1998 2:43:00 PM
From: keith schaefer	Read Replies (1) \| Respond to of 90

Year end results CSI Credit Systems International Inc CSU Shares issued 10,062,500 1998-09-18 close $0.84 Tuesday Sep 22 1998 Mr. James Christensen reports In 1998, CSI achieved the transformation from a product based company to a service based company. A change that has been in development over the last two years, culminating in the company posting record sales and a record gross margin. Year to date sales of $2,213,574 were up 30 per cent versus the same period last year. Gross margin increased to 72 per cent up from 55 per cent in 1997. Expenditures for R&D were $485,989, incurred to complete the ERNEX system and develop CSI Parking Systems' new ticketing system the CTD 6000. During this quarter, CSI enjoyed continuing success in expanding the adoption of ERNEX, as the technology leader for real time customer loyalty solutions by: certifying CSI's GT-100 by First Data Corporation is completed. Certification enables CSI to process credit and debit card transactions to First Data's central processing system. First Data is the largest transaction processor in the United States; and, installing 500 CSI GT-100 terminals for Best Western Hotels Inc. across North America. CSI's GT-100 terminal was chosen for its ability to transmit transaction information through V-Sat, a satellite network operated by Hughes Network Systems. CSI Parking took steps to solidify the management team and provide a transaction processing solution that particularly fits the United States market by: hiring a president of CSI Parking. This strategic move allows CSI Parking the freedom to focus on its core business, unattended parking systems; and, completing development of the CTD 6000 ticketing system, a multifunctional ticketing system that accepts bills and processes information for the unattended parking market. FINANCIAL HIGHLIGHTS Year ended May 31 (thousands of dollars) 1998 1997 Revenue $ 2,213 $ 1,708 Net income (513,171) (375,684) Earnings per share (5 cents) (4 cents) FINANCIAL HIGHLIGHTS Three months ended May 31 (thousands of dollars) 1998 1997 Revenue $ 503 $ 704 Net income (170) (67) Earnings per share (1.6 cents) (.7 cents) It's coming, but the growth is going to have to be better than 30% for the stock to go.