Kaum beachtet in Deutschland, sollte sich mal ändern.
Die Company hat übers Jahr gesehen, einen Verlust pro Share von 0,21 Cent in einen Gewinn von 0,21 umgewandelt.
Dementsprechend ist die Aktie dieses Jahr gelaufen, Anfang 2002 kostete eine Aktie nicht mal einen Dollar, jetzt werden 8 Dollar verlangt.
Gruss E.
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Firstwave Reports Financial Results for Third Quarter 2002 Company Reports Fourth Consecutive Quarter of Profitability With $.21 Earnings Per Basic Share
MONDAY, OCTOBER 21, 2002 4:05 PM
- PR Newswire
ATLANTA, Oct 21, 2002 /PRNewswire-FirstCall via COMTEX/ -- Firstwave Technologies, Inc. (FSTW) , a leading web-based, eCRM solutions provider, today announced financial results for the third quarter of 2002 and the nine months ended September 30, 2002.
Total revenues for the third quarter of 2002 were $3,141,000, a 37% increase over third quarter 2001 revenues of $2,288,000. Software license revenues increased 25% to $405,000 from $325,000 in the third quarter of 2001. Services revenues increased 92% to $2,325,000 in the third quarter of 2002, up from $1,209,000 in the comparable quarter of 2001.
The Company reported net income of $455,000, or $.21 per basic share, in the third quarter of 2002, compared to a net loss of $455,000, or a loss of $.22 per basic share, in the third quarter of 2001, an improvement of $910,000, or $.43 per share. This marks Firstwave's fourth consecutive quarter of profitability.
The Company reported a cash balance of $3.66 million at September 30, 2002, not including an additional $760,000 received the first week of October from receivables at the end of September. The Company currently carries no debt. The leading global services company which partners with Firstwave continued to contribute a substantial majority of the revenues and receivables during the quarter.
"The continued strong financial performance of Firstwave is clearly evidenced by our third quarter results," commented Richard Brock, CEO of Firstwave. "In a time of continued economic uncertainty as many companies continue to defer capital expenditures, our revenues have grown and we have remained profitable. Our world-class CRM solutions continue to gain traction in the marketplace because taking care of our customers remains our primary focus. Our Customer-First mentality is core to all our initiatives, and is reflected in this quarter's growth," said Mr. Brock.
Year-to-date total revenues for 2002 increased 91% to $10,798,000 from $5,646,000 for the first nine months of 2001. Software license revenues of $1,784,000 for the first nine months of 2002 increased 126% from $790,000 reported for the first nine months of 2001. Year-to-date services revenues increased 181% to $7,740,000 in 2002 from $2,755,000 in 2001. Net income for the first nine months of 2002 was $2,287,000, or $1.07 per basic share, compared to a net loss of $2,134,000, or a loss of $1.02 per basic share, in the comparable period of 2001, an improvement of $4,421,000, or $2.09 per share.
"The team at Firstwave is committed to growing the business and maintaining our position as a technology leader," Mr. Brock added. "Our partnership with Extreme Logic signed this quarter, for example, allows us to offer an extremely high performance workflow engine utilizing .NET framework that is fully web services-oriented - each component is a reusable plug-and-play service. Cultivating partnerships, controlling costs, and expanding organizational efficiencies will help us to continue to convert our pipeline into profits, providing us with a competitive edge and helping us build long-term shareholder value."
Firstwave will hold its third quarter earnings conference call today, October 21, 2002, at 4:30 p.m. EDT, to review third quarter results and management's outlook for the Company. To participate in the call, dial (888) 770-8869 (from within the United States and Canada) or (706) 634-0609 (from outside the United States and Canada) by 4:20 p.m. EDT. Richard Brock is the leader name and the reservation number is 5449618. The webcast may be accessed at www.firstwave.net.
About Firstwave
Firstwave(R) (www.firstwave.net) provides web-based, CRM solutions that automate and optimize how companies get, keep and grow customer relationships. Firstwave offers one of the only true, 100% web-based CRM applications in the market today. Originally founded in 1984 as Brock Control Systems, Firstwave maintains the depth and industry experience required to address unique business needs of unique companies. With 18 years of experience in relationship management, Firstwave holds the distinction of being the Best Internet Based CRM Solution for the past two years as selected by the Denali Group, has been chosen as one of the Top 30 CRM Solutions by ISM for the last three years, and has received the CRM Excellence Award by the Technology Marketing Corporation.
NOTE: Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The Company noted that the forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, such as the Company's capital requirements and other liquidity concerns, potential fluctuations in quarterly results due to market demand, competition, technological developments, the Company's ability to continue to comply with NASDAQ listing requirements, and the size, timing, and contractual terms of orders, and also the risks and uncertainties discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2001, filed with the Securities and Exchange Commission, under the caption "Certain Factors Effecting Forward Looking Statements," which discussion is incorporated herein by this reference.
Firstwave Technologies, Inc.
Selected Financial Information
(in thousands; except per share data)
Consolidated Income Quarter Ended 9/30: Year to Date Ended 9/30:
Statement
2001 2002 2001 2002
Revenues $2,288 $3,141 $5,646 $ 10,798
Operating income/(loss) 27 500 (1,611) 2,438
Income/(loss) before
income taxes 12 517 (1,590) 2,479
Net income/(loss) $7 $517 $(1,596) $2,479
Dividends on preferred
stock (462) (62) (538) (192)
Net income/(loss) applicable to
common shareholders $(455) $455 $(2,134) $2,287
Basic:
Earnings/(loss) per
share $(0.22) $ 0.21 $(1.02) $1.07
Weighted average
shares 2,100 2,212 2,099 2,132
Diluted:
Earnings/(loss) per
share $(0.22) $ 0.16 $(1.02) $0.79
Weighted average shares 2,100 3,200 2,099 3,143
Consolidated Balance Sheet Dec 31, 2001 Sept 30, 2002
Cash $1,860 $3,663
AR and other current assets 1,807 2,755
Total current assets $3,667 $6,418
Long term assets 2,349 2,438
Total assets $6,016 $8,856
Current liabilities $2,059 $2,674
Shareholders equity 3,957 6,182
Total liabilities and shareholders equity $6,016 $8,856
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Die Company hat übers Jahr gesehen, einen Verlust pro Share von 0,21 Cent in einen Gewinn von 0,21 umgewandelt.
Dementsprechend ist die Aktie dieses Jahr gelaufen, Anfang 2002 kostete eine Aktie nicht mal einen Dollar, jetzt werden 8 Dollar verlangt.
Gruss E.
Firstwave Reports Financial Results for Third Quarter 2002 Company Reports Fourth Consecutive Quarter of Profitability With $.21 Earnings Per Basic Share
MONDAY, OCTOBER 21, 2002 4:05 PM
- PR Newswire
ATLANTA, Oct 21, 2002 /PRNewswire-FirstCall via COMTEX/ -- Firstwave Technologies, Inc. (FSTW) , a leading web-based, eCRM solutions provider, today announced financial results for the third quarter of 2002 and the nine months ended September 30, 2002.
Total revenues for the third quarter of 2002 were $3,141,000, a 37% increase over third quarter 2001 revenues of $2,288,000. Software license revenues increased 25% to $405,000 from $325,000 in the third quarter of 2001. Services revenues increased 92% to $2,325,000 in the third quarter of 2002, up from $1,209,000 in the comparable quarter of 2001.
The Company reported net income of $455,000, or $.21 per basic share, in the third quarter of 2002, compared to a net loss of $455,000, or a loss of $.22 per basic share, in the third quarter of 2001, an improvement of $910,000, or $.43 per share. This marks Firstwave's fourth consecutive quarter of profitability.
The Company reported a cash balance of $3.66 million at September 30, 2002, not including an additional $760,000 received the first week of October from receivables at the end of September. The Company currently carries no debt. The leading global services company which partners with Firstwave continued to contribute a substantial majority of the revenues and receivables during the quarter.
"The continued strong financial performance of Firstwave is clearly evidenced by our third quarter results," commented Richard Brock, CEO of Firstwave. "In a time of continued economic uncertainty as many companies continue to defer capital expenditures, our revenues have grown and we have remained profitable. Our world-class CRM solutions continue to gain traction in the marketplace because taking care of our customers remains our primary focus. Our Customer-First mentality is core to all our initiatives, and is reflected in this quarter's growth," said Mr. Brock.
Year-to-date total revenues for 2002 increased 91% to $10,798,000 from $5,646,000 for the first nine months of 2001. Software license revenues of $1,784,000 for the first nine months of 2002 increased 126% from $790,000 reported for the first nine months of 2001. Year-to-date services revenues increased 181% to $7,740,000 in 2002 from $2,755,000 in 2001. Net income for the first nine months of 2002 was $2,287,000, or $1.07 per basic share, compared to a net loss of $2,134,000, or a loss of $1.02 per basic share, in the comparable period of 2001, an improvement of $4,421,000, or $2.09 per share.
"The team at Firstwave is committed to growing the business and maintaining our position as a technology leader," Mr. Brock added. "Our partnership with Extreme Logic signed this quarter, for example, allows us to offer an extremely high performance workflow engine utilizing .NET framework that is fully web services-oriented - each component is a reusable plug-and-play service. Cultivating partnerships, controlling costs, and expanding organizational efficiencies will help us to continue to convert our pipeline into profits, providing us with a competitive edge and helping us build long-term shareholder value."
Firstwave will hold its third quarter earnings conference call today, October 21, 2002, at 4:30 p.m. EDT, to review third quarter results and management's outlook for the Company. To participate in the call, dial (888) 770-8869 (from within the United States and Canada) or (706) 634-0609 (from outside the United States and Canada) by 4:20 p.m. EDT. Richard Brock is the leader name and the reservation number is 5449618. The webcast may be accessed at www.firstwave.net.
About Firstwave
Firstwave(R) (www.firstwave.net) provides web-based, CRM solutions that automate and optimize how companies get, keep and grow customer relationships. Firstwave offers one of the only true, 100% web-based CRM applications in the market today. Originally founded in 1984 as Brock Control Systems, Firstwave maintains the depth and industry experience required to address unique business needs of unique companies. With 18 years of experience in relationship management, Firstwave holds the distinction of being the Best Internet Based CRM Solution for the past two years as selected by the Denali Group, has been chosen as one of the Top 30 CRM Solutions by ISM for the last three years, and has received the CRM Excellence Award by the Technology Marketing Corporation.
NOTE: Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The Company noted that the forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, such as the Company's capital requirements and other liquidity concerns, potential fluctuations in quarterly results due to market demand, competition, technological developments, the Company's ability to continue to comply with NASDAQ listing requirements, and the size, timing, and contractual terms of orders, and also the risks and uncertainties discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2001, filed with the Securities and Exchange Commission, under the caption "Certain Factors Effecting Forward Looking Statements," which discussion is incorporated herein by this reference.
Firstwave Technologies, Inc.
Selected Financial Information
(in thousands; except per share data)
Consolidated Income Quarter Ended 9/30: Year to Date Ended 9/30:
Statement
2001 2002 2001 2002
Revenues $2,288 $3,141 $5,646 $ 10,798
Operating income/(loss) 27 500 (1,611) 2,438
Income/(loss) before
income taxes 12 517 (1,590) 2,479
Net income/(loss) $7 $517 $(1,596) $2,479
Dividends on preferred
stock (462) (62) (538) (192)
Net income/(loss) applicable to
common shareholders $(455) $455 $(2,134) $2,287
Basic:
Earnings/(loss) per
share $(0.22) $ 0.21 $(1.02) $1.07
Weighted average
shares 2,100 2,212 2,099 2,132
Diluted:
Earnings/(loss) per
share $(0.22) $ 0.16 $(1.02) $0.79
Weighted average shares 2,100 3,200 2,099 3,143
Consolidated Balance Sheet Dec 31, 2001 Sept 30, 2002
Cash $1,860 $3,663
AR and other current assets 1,807 2,755
Total current assets $3,667 $6,418
Long term assets 2,349 2,438
Total assets $6,016 $8,856
Current liabilities $2,059 $2,674
Shareholders equity 3,957 6,182
Total liabilities and shareholders equity $6,016 $8,856
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