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 : Q/Media Software Corp (QMS.T) -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (429)	3/5/1999 9:44:00 AM
From: Keith Minler	Read Replies (1) \| Respond to of 568

2nd Q earnings out and looking good. Q/Media has record second-quarter results Q/Media Services Corp QMS Shares issued 8,361,605 Mar 4 close $2.50 Fri 5 Mar 99 News Release Mr. Robert Lawrie reports The company had record results for the second quarter of fiscal 1999, including a revenue increase of 143 per cent and operating earnings growth of 246 per cent compared with the same period last year. For the three months ended Jan. 31, 1999, revenues were $27.5-million compared with $11.3-million for the three months ended Jan. 31, 1998, an increase of 143 per cent. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.7-million compared with $1.1-million, an increase of 145 per cent. Net earnings were $1.4-million compared with a net loss of $7.3 million. Net earnings per share were 13 cents compared with a net loss per share of 90 cents per share. For the six months ended Jan. 31, 1999, revenues were $54.3-million compared with $19.2-million for the six months ended Jan. 31, 1998, an increase of 183 per cent. EBITDA was $5.8-million compared with $2.1-million, an increase of 176 per cent. Net earnings were $3.0-million compared with a net loss of $6.7-million. Net earnings per share were 29 cents compared with a net loss per share of 87 cents per share. Although the second quarter and year-to-date revenues and earnings were substantially ahead of budget, the company expects to return to its normal revenue pattern for the next two quarters. The second quarter, which includes the seasonally-slower holiday season was boosted by outstanding results in December, the strongest month in company history. Integration of the company's newest facility at Irvine, Calif. is proceeding well. The company recently completed the transition at Irvine to the same back office management information system used by its other units. The Irvine operation includes a higher volume of lower gross margin work than is normally processed by the company but the operation successfully achieves its profit expectations. Overall company gross margins continue to reflect integration activity following an acquisition and are expected to improve as Irvine and the two recently-added CD-ROM manufacturing facilities mature. Response to Q-Media's expanded CD-ROM capacity continues to be positive. The company's two newest CD-ROM manufacturing facilities in Austin and Seattle are functioning well and management is preparing to add a fourth facility by this summer to keep up with the growing demand. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com ********************************************************************** As I see it that Should indicate at least $0.55 earnings for the year. With a conservative p/e of ten we should see $5.50 per share. Lets see if the market notices!!! Later Keith EDIT QMS up $0.25