March Networks Share Discussion Threads

[lordcoco] 01/12/2005 15:30

Not sure roger1, would seem to make sense as a combined package with their managed service.

Seems like we may be in the same boat as post last results, everything looks priced in but there is certainly the chance/likelyhood of more to come, with the management again being both bullish and cautious/conservative at the same time.

Wont be trying to trade in and out this time, though we could be at the mercy of some fair sized swings on the TSX.

Any views out there on today's webcast?

[rogerl] 01/12/2005 15:01

Does anyone know if March offers a leasing alternative to purchasing a network?

[lordcoco] 01/12/2005 14:32

Very positive broadcast there. Some profit taking I see. Can someone confirm wether they were saying that Q2 could be seen as unusual or exceptional because of recent contracts? Interesting to see what the TSX lot make of it, we'll find out soon.

[mitzis] 01/12/2005 11:56

No problem m8...doesnt the chart look great..!

[rogerl] 01/12/2005 11:03

They are only scratching the market at present. It is clear that MNW has an amazing future. I keep repeating that their major strength, apart from their technology, is their business model using major third party installation and maintenance comapanies leaving March to concentrate on the technology and on selling. March has hardly touched the rest of the world outside of North America, which is big enough to keep it growing in the foreseeable future, but the fact that they have the rest of the world to open up means that growth at the present rate could continue for a few years yet. Not one to short or to sell at this time. Fill your boots!

[mitzis] 01/12/2005 10:22

As I said a couple of days ago they should reach 1350p by the weekend..
Evolutions share price target of 1265p seems a bit conservative now perhaps they will update after todays results.

[kdwilson] 01/12/2005 10:05

...having said that, nothing goes in a straight line and this now looks fully priced given the run over the past few weeks. Will probably be off 80p tomorrow. Needs to consolidate sideways then for a while before the next leg up. Ive taken profits but will be back in on a healthy pull-back

[kdwilson] 01/12/2005 09:34

this will be £26+ within 12 months

[william63] 01/12/2005 09:15

just topped up

[william63] 01/12/2005 08:38

this company must be one of the best kept secrets in the market

[kdwilson] 01/12/2005 08:20

this has massive long-term potential and can easily be £1bn (five bagger) on a 5 year view given teh global opportunity. With only 15m share in issue and few likely to be letting go, it will be very squeezy! Any pull backs represent buying opportunities as well and with everyone thinking that, periods of weakness wont last long.

[iandippie] 01/12/2005 08:03

i luv it when i'm wrong!

[sranmal] 01/12/2005 07:55

Another contract win announced though, with Union Pacific, looks a good one and will keep us rising (hopefully!).

[iandippie] 01/12/2005 07:30

eps 10% ahead of last month's trading update. nice one. however, i wouldn't be surprised to see this drop after the recent rise. fingers crossed i'm wrong...

[lordcoco] 30/11/2005 23:07

Great figures, as expected. Should easily do $1+ which would make for a good PE for a co. with excellent growth prospects.

March Networks Slam Dunks Q2

Company CFO, Ken Taylor stated, " The Company entered fiscal 2006 with a strategy to increase revenue and profitability by at least 50% over fiscal 2005. Revenue growth in the first six months of 106% has significantly exceeded our expectations and we have produced exceptional net earnings which already exceed annual net earnings for fiscal 2005 by 32%."

"Among the highlights of the quarter was a record number of units shipped, up 138 per cent to 4,892. The company's installed base is now almost 21,500 units."

If a fair percentage of these are followed through with deals on their Managed Video Network Services then there is plenty more to come on top of these sales.

Looking forward to webcast, though hope there is a bit more info about how or where this growth is being generated, ie which sectors and which products, services etc.

[sranmal] 30/11/2005 22:22

Q2 results:


The bit we're after is the revised FY guidance:

Given that the Company has exceeded its growth expectations in the first six months of fiscal 2006 and in recognition of its assessment of prospects for the next two quarters, the Company is revising its fiscal 2006 annual guidance as follows.

- March Networks is revising revenue expectations for the fiscal year ending April 30, 2006 to a revised range of $72 million to $76 million as compared to the guidance given in June 2005 of $62 million to $68 million.

- Net earnings for the year ending April 30, 2006 are now expected to be in the range of $14 million to $16 million, as compared to the initial guidance of $8.5 million to $10 million.

Considering that for the 6 months to date, they've had revenue of C$34.7M, earnings of C$7.9M and EPS of 0.47c, there is considerable scope for actual FY figures exceeding these conservative estimates.

[william63] 30/11/2005 21:47

found the detail

"March Networks will report its full second quarter results, and business outlook for the remainder of the fiscal year 2006, on November 30, 2005 after the close of Canadian financial markets. The Company will discuss the full results and business outlook on a conference call and webcast to be held on December 1, 2005 at 8:30 a.m EST (1:30 p.m. BST)."

[william63] 30/11/2005 21:44

sivadnoj

Thanks for the posting of Q1 results.
Correct me if I am wrong but we should have Q2 results in next few hours

They have not disappointed yet!

[sivadnoj] 30/11/2005 21:38

No change in full year guidance.

March Networks Reports Year over Year Revenue Increase of More than 150%
Eighth consecutive quarter of double-digit growth

Q1 Revenue: CDN $14.9 million (157% increase year over year; 10% increase quarter over quarter)

Q1 Net Earnings: CDN $2.8 million

Q1 Diluted Earnings Per Share: CDN $0.17


OTTAWA, Ontario, August 31, 2005 –– 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.

[mitzis] 30/11/2005 11:30

Just guessing Scan...!

1800p is my own target.

[scanjet17] 30/11/2005 11:26

mitzis

You're no mug.

[mitzis] 30/11/2005 10:03

thanks for that scanjet..the other two must be TMI and SCSW...

[lasata] 30/11/2005 09:34

Scanjet: what are the other two?

[scanjet17] 30/11/2005 09:31

This is a new Buy (at 1210p)in Quantum Leap published today. I regard this as one of the 3 best stockmarket newsletters.