g******0
发帖数: 1165 | | p*****0
发帖数: 3104 | 2 要跟预期相比
同比没有太大意义，特别是跟去年
【在 g******0 的大作中提到】
: Thanks~
| g******0
发帖数: 1165 | 3 噢 这个小股票 5月份才IPO 已经跌了一半了
那麻烦凤凰哥看看它的ER如何 谢谢~
In December 2009, the Company through one of its subsidiaries, Xi'an Softech
Co., Ltd. ("Softech"), entered into a series of agreements with Xi'an
Kingtone Information Technology Co., Ltd. ("Kingtone Information") for it to
qualify as a Variable Interest Entity ("VIE"). Therefore subsequent
financial statements will present Kingtone Information on a consolidated
basis.
On March 23, 2010, the board has reached a resolution to change the fiscal
year end of the Company and its wholly owned subsidiaries, Topsky Info-tech
Holdings Pte Ltd. and Softech, from November 30 to September 30 so they have
the same fiscal year end as Kingtone Information, the Company's controlled
operating subsidiary, or VIE.
"We are pleased with our performance during the second quarter," said Mr.
Peng Zhang, Chief Executive Officer of the Company. "We continue to shift
our focus from wireless system solutions to software solutions which carry
much higher margins. Revenues from this business grew 276.4% in the quarter
as we continued to implement mobile police applications in Jilin, Sichuan
and Shaanxi provinces, confirming our ability to grow in this sector. While
the shift has temporarily slowed down growth in our top line, the impact on
gross profit and overall gross margin, the latter reaching 78.1%, has been
quite significant. We are confident that we can expand our top line in the
future, particularly in software solutions, and further increase shareholder
return."
Second Quarter Financial Performance
Net Revenues. Second quarter of fiscal year 2010 revenue increased by 3.2%
to $2.59 million from $2.51 million in the comparable period of fiscal 2009.
Revenue from software solutions increased by 276.4% to $2.03 million in the
second quarter of fiscal year 2010 compared to $0.54 million in the second
quarter of fiscal year 2009, mainly due to the increased number of completed
mobile police projects. Revenue from wireless system solution decreased by
71.4% to $0.56 million in the second quarter of fiscal year 2010 compared to
$1.97 million in the prior year period, as the Company completed a
relatively large project in the prior year period.
Gross Profit and Gross Margin. For the second quarter of fiscal year 2010,
gross profit increased by 25.1% to $2.03 million from $1.62 million in the
prior year period. Gross margin for the second quarter of fiscal year 2010
was 78.1% compared to 64.5% in the second quarter of fiscal year 2009. Gross
profit from software solutions increased by 333.3% to $1.93 million from $0
.44 million and gross margin increased to 95.0% from 82.6% in the prior year
period. Gross profit from wireless system solution decreased by 91.7% to $0
.10 million from $1.17 million and gross margin decreased to 17.3% from 59.5
% in the prior year period. The increase in total gross margin was mainly
due to the increased gross margin from software solutions comparing to the
prior year period.
Operating Expenses. Total operating expenses for the second quarter of
fiscal year 2010 were $0.45 million, compared to $0.22 million in the prior
year period, represented an increase of 105.5%.
Selling and marketing expenses decreased by 4.0% to $0.07 million in the
second quarter of fiscal year 2010 from $0.08 million for the same period in
the prior year, and represented 2.9% and 3.1% of our revenues for the
second quarter of fiscal year 2010 and 2009, respectively. We expect our
selling and marketing expenses to increase in the near future as we increase
our business development efforts, hire more sales personnel and initiate
additional marketing programs to further build our brand.
General and administrative expenses were approximately $0.33 million in the
second quarter of fiscal year 2010, an increase of 210.5% from $0.11 million
as compared to the same period in the prior year, and represented 12.6% and
4.2% of our revenues for the second quarter of fiscal year 2010 and 2009,
respectively. The Company expects its general and administrative expenses to
increase further in the near future as it incurs costs to comply with the
requirements imposed on a public company in the U.S. and to conduct
financing and investor relations activities.
Research and development expenses were approximately $0.05 million in the
second quarter of fiscal year 2010, an increase of 33.3% from $0.04 million
as compared to the same period in the prior year, and represented 1.9% and 1
.4% of our revenues for the second quarter of fiscal year 2010 and 2009,
respectively. The Company expects its research and development expenses will
increase in both dollar amount and as a percentage of revenues as it plans
to hire more engineers, upgrade our middleware platform and develop new
software applications.
Income from Operations. Income from operations increased by 12.6% to $1.58
million in the second quarter of fiscal year 2010 from $1.40 million in the
comparable period of fiscal 2009, primarily due to the growth in gross
profit. Operating margin for the second quarter of fiscal year 2010 and 2009
were 60.9% and 55.8%, respectively.
Net Income. Net income was $1.33 million in the second quarter of fiscal
year 2010, compared to $1.15 million in the prior year's second quarter, an
increase of 16.2%. Net income as of total net revenues was 51.5% and 45.7%
for the second quarter of fiscal year 2010 and 2009, respectively. Basic and
diluted earnings per share were $0.13 in the second quarter of fiscal year
2010, compared to $0.11 in the prior year period.
Year-to-Date Financial Performance
Net Revenues. For the six months ended March 31, 2010, total net revenues
increased by 21.5% to $5.57 million from $4.58 million in the comparable
period of fiscal 2009. Revenue from software solutions increased by 82.9% to
$4.18 million for the six months ended March 31, 2010 compared to $2.28
million for the same period prior year, mainly due to increased projects in
mobile police application. Revenue from wireless system solution decreased
by 39.5% to $1.39 million for the six months ended March 31, 2010 compared
to $2.30 million in the prior year period, as the Company shifted more focus
on software applications in an effort to maintain sustainable profit margin.
Gross Profit and Gross Margin. For the six months ended March 31, 2010,
gross profit increased by 34.9% to $4.50 million from $3.34 million in the
prior year period. Gross margin for the six months ended March 31, 2010 was
80.9%, compared to 72.8% for the same period in the period year. Gross
profit from software solutions increased by 96.6% to $3.93 million from $2.
00 million and gross margin increased to 94.2% from 87.6% in the prior year
period. Gross profit from wireless system solution decreased by 57.4% to $0.
57 million from $1.34 million with gross margin decreased to 40.9% to from
58.2% in the prior year period.
Operating Expenses. Total operating expenses for the six months ended March
31, 2010 were $0.72 million, comparing to $0.50 million in the prior year
period, representing an increase of 45.1%.
Selling and marketing expenses decreased by 4.6% to $0.17 million for the
six months ended March 31, 2010 from $0.18 million for the same period prior
year, and represented 3.0% and 3.8% of our revenues for the six months
ended March 31, 2010 and 2009, respectively. As mentioned above, the Company
expects its selling and marketing expenses to increase in the near future
as we increase our business development efforts, hire more sales personnel
and initiate additional marketing programs to further build our brand.
General and administrative expenses were approximately $0.47 million for the
six months ended March 31, 2010, an increase of 81.4% from $0.26 million
comparing to the same period prior year, and represented 8.4% and 5.6% of
our revenues for the six months ended March 31, 2010 and 2009, respectively.
As mentioned above, the Company expects its general and administrative
expenses to increase further in the near future as it incurs costs to comply
with the requirements imposed on a public company in the U.S. and to
conduct financing and investor relations activities.
Research and development expenses were approximately $0.09 million for the
six months ended March 31, 2010, an increase of 34.4% from $0.06 million
comparing to the same period prior year, and represented 1.5% and 1.4% of
our revenues for the six months ended March 31, 2010 and 2009, respectively.
As mentioned above, the Company expects its research and development
expenses will increase in both dollar amount and as a percentage of revenues
as it plans to hire more engineers, upgrade our middleware platform and
develop new software applications.
Income from Operations. Income from operations increased by 33.1% to $3.78
million for the six months ended March 31, 2010 from $ 2.84 million in the
comparable period of fiscal 2009, primarily due to the growth in net
revenues. Operating margin for the six months ended March 31, 2010 and 2009
were 67.9% and 62.0%, respectively.
Net Income. Net income was $3.09 million for the six months ended March 31,
2010, compared to $2.22 million in the prior year, an increase of 39.0%. Net
income as of total net revenues was 55.5% and 48.5% for the six months
ended March 31, 2010 and 2009, respectively. Basic and diluted earnings per
share was $0.31 for the six months ended March 31, 2010, compared to $0.22
for the same period prior year.
Cash and Cash Equivalents. As of March 31, 2010, the Company had cash and
cash equivalents of $0.55 million, compared to $0.34 million as of November
30, 2009, our last fiscal year end. Cash flows used in operating activities
for the six months ended March 31, 2010 were approximately $0.69 million,
compared to approximately $1.54 million cash flows provided by operating
activities in the prior year period. Depreciation and amortization expenses
were $0.07 million for the six months ended March 31, 2010 and 2009,
respectively. Cash flows provided by financing activities were approximately
$0.90 million for the six months ended March 31, 2010, compared to $1.40
million cash flows used by financing activities a year ago.
Financial Outlook
The Company reaffirms the guidance of total net revenues for the full fiscal
year of 2010 in the range of $15.6 million to $17.4 million, as compared to
total net revenues of $11.2 million for the full fiscal year of 2009, and
net income for the full fiscal year of 2010 in the range of $7.6 million and
$8.1 million, as compared to net income of $5.3 million for the full fiscal
year of 2009.
【在 p*****0 的大作中提到】
: 要跟预期相比
: 同比没有太大意义，特别是跟去年
| p*****0
发帖数: 3104 | 4 我是蝌蚪
教训告诉我不要玩小盘中概，会跌倒阳痿的
Softech
to
tech
【在 g******0 的大作中提到】
: 噢 这个小股票 5月份才IPO 已经跌了一半了
: 那麻烦凤凰哥看看它的ER如何 谢谢~
: In December 2009, the Company through one of its subsidiaries, Xi'an Softech
: Co., Ltd. ("Softech"), entered into a series of agreements with Xi'an
: Kingtone Information Technology Co., Ltd. ("Kingtone Information") for it to
: qualify as a Variable Interest Entity ("VIE"). Therefore subsequent
: financial statements will present Kingtone Information on a consolidated
: basis.
: On March 23, 2010, the board has reached a resolution to change the fiscal
: year end of the Company and its wholly owned subsidiaries, Topsky Info-tech
| g******0
发帖数: 1165 | 5 ,,,,,,,,,,是呀 我心里也没谱 所以来问问
ai
Thanks~
【在 p*****0 的大作中提到】
: 我是蝌蚪
: 教训告诉我不要玩小盘中概，会跌倒阳痿的
:
: Softech
: to
: tech
| r****d
发帖数: 239 | 6 if you have the determination, you have to compare its financial data with
competitors, industry to make sure there is no obvious fraud first.
【在 g******0 的大作中提到】
: ,,,,,,,,,,是呀 我心里也没谱 所以来问问
: ai
: Thanks~
|
|
