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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| March Networks | LSE:MNW | London | Ordinary Share | CA5662191017 | COM SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 220.00 | - | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
| Date | Subject | Author | Discuss |
|---|---|---|---|
| 01/9/2005 14:13 | Good broadcast, I'm happy. Disappointed perhaps not to see more activity in other markets like transport, but inference imo was that this market is coming through for MNW ie. confident of 15% target. Interesting to hear that the markets that they are concentrating on (banking and retail) are where the real money is at and that "security" is not necessarily the main driver behind sales. "Activity level exceptionally high" I'd expect a much larger share of European market next time round. Also very telling answer to first question. Anyone got any info on the patent infringements discussed? Looking very good. This is definitely on the way up imo. Back to listening. | lordcoco | |
| 01/9/2005 14:08 | Take a look at Asos up another 4p today and plenty more to come. | mitzis | |
| 01/9/2005 10:41 | roger1, I agree, an excellent set of results. There will be those selling on the results' news today. Then hopefully, with some favourable press and analyst comments, it will bounce back from the 790-800 levels and upward towards £10 during the Autumn. | radarlove | |
| 01/9/2005 09:41 | I guess we wait for analysts comments, but the results are as expected so a rise £9+ can be expected in the next three months on the basis of expected second quarter results. I am holding | rogerl | |
| 01/9/2005 00:42 | Been celebrating my birhtday tonight so not best state - all looks to be on track or judging by 3 month eps way ahead, looking forward to webcast to get an idea of where they are going and more specifics. Cheeers alll. lcc. | lordcoco | |
| 31/8/2005 23:22 | Looks good. Revenue seems more or less on track to hit the guidance, allowing for continuing growth, and net earnings look well set to beat it. I'm a very happy holder. | sirlurkalot | |
| 31/8/2005 21:25 | Peladon Thanks for the post! | william63 | |
| 31/8/2005 21:20 | -------------------- CONSOLIDATED STATEMENTS OF OPERATIONS (CDN $) -------------------- (In thousands, except share and per-share amounts) (Unaudited) -------------------- Three Months Ended July 31, July 31, 2005 2004 -------------------- -------------------- REVENUE $ 14,876 $ 5,782 -------------------- COST OF REVENUE 6,771 2,788 -------------------- GROSS MARGIN 8,105 2,994 -------------------- EXPENSES: -------------------- Selling, marketing and support 2,232 1,457 -------------------- Research and development 1,371 973 -------------------- General and administrative 1,807 872 -------------------- Stock based compensation 152 - -------------------- Total expenses 5,562 3,302 -------------------- EARNINGS (LOSS) BEFORE UNDERNOTED ITEMS 2,543 (308) -------------------- Interest and other income, net 292 5 -------------------- NET EARNINGS (LOSS) $ 2,835 $ (303) -------------------- -------------------- Net earnings (loss) per share: -------------------- Basic $ 0.18 $ (0.03) -------------------- Diluted $ 0.17 $ (0.03) -------------------- Shares used in per-share calculation: -------------------- Basic 15,555,023 10,313,472 -------------------- Diluted 16,865,101 10,313,472 -------------------- March Networks Corporation -------------------- CONSOLIDATED BALANCE SHEETS (CDN $) -------------------- (In thousands) -------------------- July 31, April 30, 2005 2005 -------------------- (Unaudited) (Audited) -------------------- ASSETS -------------------- Current assets: -------------------- Cash and cash equivalents $ 6,567 $ 7,435 -------------------- Short-term investments 61,766 56,400 -------------------- Accounts receivable 6,893 6,865 -------------------- Inventories 3,159 4,497 -------------------- Prepaid expenses and other current assets 609 166 -------------------- Total current assets 78,994 75,363 -------------------- Capital assets 311 294 -------------------- Other assets 61 147 -------------------- TOTAL ASSETS $ 79,366 $ 75,804 -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY -------------------- Current liabilities: -------------------- Accounts payable $ 4,404 $ 5,901 -------------------- Accrued liabilities 2,343 3,983 -------------------- Deferred revenue 909 2,403 -------------------- Total liabilities 7,656 12,287 -------------------- Shareholders' equity 71,710 63,517 -------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 79,366 $ 75,804 -------------------- March Networks Corporation -------------------- CONSOLIDATED STATEMENTS OF CASH FLOWS (CDN $) -------------------- (In thousands) (Unaudited) -------------------- Three Months Ended -------------------- July 31, July 31, 2005 2004 -------------------- Cash flows from operating activities: -------------------- Net earnings (loss) $ 2,835 $ (303) -------------------- Items not affecting cash: -------------------- Amortization of capital assets 34 18 -------------------- Stock based compensation 152 - -------------------- Change in non-cash operating working capital items: -------------------- Accounts receivable (28) (30) -------------------- Inventories 1,338 (355) -------------------- Prepaid expenses and other current assets (442) (80) -------------------- Accounts payable 411 137 -------------------- Accrued liabilities (968) 225 -------------------- Deferred revenue (1,494) (69) -------------------- Net cash generated (consumed) by operating activities 1,838 (457) -------------------- Cash flows from investing activities: -------------------- Purchases of short-term investments (5,366) - -------------------- Purchase of capital assets (50) (15) -------------------- Long-term receivable 86 258 -------------------- Net cash (consumed) generated by investing activities (5,330) 243 -------------------- Cash flows from financing activities: -------------------- Issuance (redemption) of common shares 2,624 (59) -------------------- Issuance of warrants - 273 -------------------- Net cash generated by financing activities 2,624 214 -------------------- Net decrease in cash and cash equivalents (868) - -------------------- Cash and cash equivalents, beginning of period 7,435 2,432 -------------------- Cash and cash equivalents, end of period $ 6,567 $ 2,432 -------------------- >> For further information: please contact: Ken Taylor, Chief Financial Officer, March Networks Corporation, (613) 591-8181, ktaylor@marchnetwork | peladon | |
| 31/8/2005 21:19 | News from Canada NewsWire March Networks Reports Year over Year Revenue Increase of More than 150% Eighth consecutive quarter of double-digit growth 16:10 EDT Wednesday, August 31, 2005 OTTAWA, Aug. 31 /CNW Telbec/ - March Networks Corporation (TSX : MN; AIM : MNW), a leading provider of IP-based digital video surveillance solutions, today reported its first quarter results for the period ended July 31, 2005. Revenue for the first quarter of fiscal 2006 was $14.9 million, compared with $5.8 million for the first quarter of fiscal 2005, an increase of 157 percent, and compared with $13.5 million for the fourth quarter of fiscal 2005, an increase of 10 percent. Net earnings for the first quarter of fiscal 2006 were $2.8 million or $0.17 per share on a diluted basis, compared with a net loss of $303,000 or $0.03 for the first quarter of fiscal 2005, and compared with $2.5 million or $0.20 per share for the fourth quarter of fiscal 2005. The Company's diluted weighted average common shares outstanding rose by more than 3.8 million in the first quarter as compared to the fourth quarter of fiscal 2005 as a result of the common shares issued in connection with the Company's initial public offering (IPO) in April 2005 (5,000,000 shares) and May 2005 (443,860 shares) and the dilutive effect of an increasing number of vested stock options and warrants with exercise prices below the prevailing average market price in the quarter for the Company's shares. Q1 Operational Highlights - Successful launch of Managed Video Network Services. - Further success in banking vertical market through new customer wins including Wachovia Bank of Charlotte, NC and other large banks in North America and Latin America. - Launch of relationship with Wabtec Corporation to address new market opportunities in the transportation sector while leveraging March Networks intellectual property investments. Peter Strom, President and CEO of March Networks stated, "We are very pleased to be coming off the IPO with another record quarter in revenue and profitability. The Company is demonstrating strong organic growth through our existing customer base and we continue to successfully add new enterprise accounts on a quarterly basis." Q1 Financial Highlights - Achieved eighth consecutive quarter of double-digit sequential revenue growth. - Record number of units shipped in the quarter (3,077) representing an increase of 150% over the first quarter of fiscal 2005. Installed base is now in excess of 16,600 units. - Fourth consecutive quarter of net cash generation from operations with net cash generated from operations of $1.8 million for the first quarter of fiscal 2006, compared with net cash consumed of $457,000 in the first quarter of fiscal 2005. - $5.0 million was raised from 443,860 common shares issued in May 2005 in order to satisfy the underwriters' over-allotment option from the IPO. - Days Sales Outstanding (DSO) in accounts receivable at the end of the first quarter of fiscal 2006 improved to 42 days compared with 59 days at the end of the fourth quarter of fiscal 2005. - Inventory turns improved to 8.6 in the first quarter of fiscal 2006 compared with 4.5 in the fourth quarter of fiscal 2005. Company CFO, Ken Taylor stated, "We are pleased with the financial performance and operational improvements that are demonstrated by our first quarter financial results. Our eighth consecutive quarter of double-digit sequential revenue growth and net earnings in the quarter of $2.8 million reflect a continuation of the momentum that was generated last fiscal year and put the Company on pace to achieving our annual guidance. Annual Guidance March Networks maintains its focus on long-term growth objectives and will provide guidance on the year only. The Company is maintaining the guidance given on June 10, 2005. - Revenue for the year ending April 30, 2006 is expected to be in the range of $62 million to $68 million. - Net earnings for the year ending April 30, 2006 are expected to be in the range of $8.5 million to $10 million. Analyst Conference Call and Webcast The Q1 FY'06 analyst conference call and webcast to discuss March Networks' results and its guidance for Fiscal 2006 will be held at 8:30 a.m. EDT on Thursday, September 1, 2005. The conference call number is 1-800-814-4941(Canad Forward-Looking Statements This release contains certain forward-looking information, including expectations of future business, business plans and capital expenditures. This information is based on the Company's current expectations and assumptions. Actual results could differ materially from those anticipated by the Company. The material factors that could cause actual results to differ materially from the forward-looking information include the general risks of the high tech and security industries, the Company's operational risks, including risks relating to intellectual property infringement claims, the Company's assumptions relating to revenue, pricing and expenses, the Company's ability to manage the expansion of its channel partners and growth, increased competition and the Company's assumptions relating to and risks inherent in the Company's acquisition strategies. These and other risks are more fully described in the Company's Annual Information Form, which is available on SEDAR, at www.sedar.com . About March Networks March Networks(TM) (TSX : MN; AIM : MNW) is a leading provider of IP-based digital video surveillance solutions. The company's comprehensive suite of purpose-built digital video recorders (DVRs) and network management and application software enables end-users to capture and manage video and transaction data over both conventional and wireless networks. March Networks' highly scalable DVRs and software serve the needs of leading banks, retail organizations, and transportation authorities. The ISO 9001:2000 certified company is actively engaged in developing next-generation video applications to take advantage of expanding broadband networks. For more information, please visit www.marchnetworks.co | peladon | |
| 31/8/2005 09:00 | RGD - Real good Food Corporate Synergy 26-08-05 BUY 3.20m pretax 18.4p eps current PE is 6.4 | frances2 | |
| 31/8/2005 08:58 | Thanks sranmal.... | mitzis | |
| 31/8/2005 08:53 | No, expecting us to be flurry-less as ever. May get some pick-up post-results, probably led by Canada, or when Evo finally do a broker note. | sranmal | |
| 31/8/2005 08:42 | Anybody expecting a flurry of buying today pre results..? | mitzis | |
| 31/8/2005 08:12 | Oh yes. How civilised a perusal of results with glass of wine in hand methinks and should just about have cleared the hangover in time for the webcast tomorrow! | lordcoco | |
| 31/8/2005 08:04 | Results tonite you mean! 9.10pm BST! Won't get an RNS till tomorrow. | sranmal | |
| 31/8/2005 07:38 | Anyone else looking forward to results today, very quiet here? | lordcoco | |
| 26/8/2005 15:49 | Added a few more... | peladon | |
| 26/8/2005 11:46 | I was being subtle :-) | peladon | |
| 26/8/2005 10:50 | Well spotted peladon I was waiting for someone to notice that..! | mitzis | |
| 26/8/2005 10:48 | Nice reverse head and shoulders giving 920 as minimum target. And just a couple of pence off the all-time closing high. | peladon | |
| 26/8/2005 10:43 | Hit $19 last night on no volume..! | mitzis | |
| 25/8/2005 08:45 | £10.50 target now in view London/ $21 in Toronto. Results due on August 31st may well be favourable. Also worth looking at Indigovision whose prospects are positive. | lasata | |
| 25/8/2005 08:42 | Even higher now..all time high and possible break-out.. 905p here we come. | mitzis | |
| 25/8/2005 08:28 | Unbeleivable.. | mitzis |
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