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 : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Runner who wrote (24643)	11/9/1998 1:28:00 AM
From: Jack Zahran	Respond to of 31646

New Year 2000 Problem in NY TIMES: (Very Interesting article, must read - should spark greater interest in Y2K companies...) nytimes.com regards, Jack

To: Runner who wrote (24643)	11/9/1998 4:43:00 AM
From: Larry Brew	Read Replies (2) \| Respond to of 31646

Runner, all, << putting the technicals aside >> No matter how much I look I fail to find the supporting negativity posted on this thread. I've seen nothing concrete that takes away from the attached quarterly statement. Please enlighten this blind soul! TAVA Technologies, Inc. Announces First Quarter Results TAVA Reports 75% Revenue Increase and Record Net Income November 4, 1998 08:02 AM DENVER, Nov. 4 /PRNewswire/ -- TAVA Technologies, Inc. TAVA today announced revenue for the first quarter increased 75% to a record $19,802,000 from $11,319,000 recorded in the quarter ending September 30, 1997. Gross profits for the quarter were $9,792,000 or 49.4% of revenue. Earnings before interest, taxes, depreciation and amortization were $4,938,000 compared to $29,000 in the quarter ending September 30,1997. The company recorded net income attributable to common shareholders of $3,446,000 or $0.16 per basic share ($0.14 per diluted share) compared to a net loss of $605,000 or ($0.04) per basic share (($0.04) per diluted share) for the quarter ending September 30,1997. John Jenkins, CEO stated: "We are extremely pleased with the record results achieved this quarter. This reflects the continued strong demand for the company's services and products. Revenue was up 33% over our June 30, 1998 fourth quarter, diluted earnings per share were up by 366% and EBITDA increased to $4,938,000 from $1,759,000. Our earnings also include a solid contribution from the TAVA/RW Beck LLC. We are now planning the extension of our successful utility ----------------------------------------------------------------- market penetration to address post Y2K opportunities." ------------------------------------------------------- Doug Kelsall, CFO said, "We are beginning to see operating efficiencies from our investment in SG&A over the last several quarters, with SG&A expenses decreasing to 27.8% of revenue in this quarter compared to 32.8% of revenue in our fourth quarter of fiscal 1998." Kelsall added, "The quarter results include a positive income contribution of $604,000 from the company's investment in TAVA/Beck, LLC in the quarter. This investment is accounted for by the equity method and its income is reflected as "equity in earnings of unconsolidated affiliate" on the income statement. No revenue or cost of the LLC are carried directly on the income statement." Larry