ARI Network Services, Inc. provides technology-enabled services that help dealers, distributors, and manufacturers primarily in outdoor power, power sports, marine, RV, appliance, and agricultural sectors worldwide. The company provides electronic catalogs that enable manufacturers to publish and update parts and technical reference information pertaining to their products, as well as allows distributors and dealers to view and interact with this information to support the sales and service of equipment. Its electronic catalogs include PartSmart, a CD-based electronic parts catalog; PartSmart Web that provides access to parts and pricing information via the Internet; and PartStream, a modular and consumer-focused illustrated parts lookup application that integrates with existing Website platforms and shopping carts. The company also offers lead generation and management services through Footsteps, a database of customers and prospects that help dealers to follow-up on incoming leads. In addition, it provides Websites with e-commerce capabilities designed to generate sales through the sites and provide information to consumers in the dealers' local areas. Further, the company offers a suite of complementary technology-enabled services, including SearchEngineSmart, which provides dealer and distributor customers the opportunity for paid advertising on various search engines; professional services for the customization of software and Website solutions; Website hosting; and document transfer and communication services to customers in manufactured equipment and agricultural inputs industries. It sells its products primarily through direct sales force. ARI Network Services, Inc. was founded in 1981 and is headquartered in Milwaukee, Wisconsin.
Key Numbers:
Market Cap 5.2M$
Sales 21.2M $ (every year increase in the last decade starting at 13M$ in 2002, even during bear market from 2008, ARI increased sales from 17M$)
EBITDA 2.7M$
Income 1M$
Quarterly earnings growth 2000%
Cash 800K$
LT Debt 5.9M$
Assets 20M$
Liabilities 14.5M$
Shares Outstanding 7,900,000 (increase only from 6,300,000 in 2002, very conservative for a micro cap who make money from selling services, not shares printing)
Float 4,500,000
Major Shareholders are insiders 47% (very high insider ownership)
PERRITT EMERGING OPPORTUNITIES FUND 4.5%
Reason: Fith Third Bank is willing to help in debt restructuring, that in itself shows that ARI is not just a micro cap stock, it's a real business that big banking group wants to work with in these difficult times, where even huge companies can't get such conditions when it comes to DEBT. (full link about restructuring www.arinet.com/images/uploads/press_rele... )
The other reason to think about investing in ARI is it's growing, always profitable business, low share price, huge upside potential based on very strong position in it's market that faces no competition, if you see how specific their business is. Just think if you know other companies are similar to ARI, you'll see you'll not find. And besides ARI is now entering European market, big time.
