New book by Larry Connors Click here Improve your trading - See how
Scopus posted record $20.3 million revenue for the fourth quarter, 22 percent more than the $16.5 million for the corresponding quarter of 2007. GAAP-based net loss was $200,000 for the fourth quarter, compared with a net profit of $500,000 for the preceding quarter, and a net loss of $300,000 for the corresponding quarter. $1.1 million in costs related to the takeover by Harmonic and the cancelled deal with rival Optibase Ltd. (Nasdaq: OBAS) were responsible for the loss.
Non-GAAP net profit was a record $1.2 million ($0.09 per share), up six-fold on the net profit of $200,000 for the corresponding quarter.
45 percent of revenue came from the Americas, 39 percent from Europe, the Middle East and Africa, and 16 percent from Asia. The company had a positive cash flow of $1.5 million.
For the year as a whole, Scopus posted $75.7 million revenue, 32 percent more than the $57.5 million revenue in 2007. GAAP-based net profit was $300,000 ($0.02 per share), compared with a net loss of $2.7 million in 2007. Non-GAAP net profit was $2.9 million ($0.20 per share) compared with a net loss of $900,000 in 2007.
Cash and cash equivalents rose to $36.1 million and the end of 2008 from $34.6 million at the end of the third quarter.
Scopus CEO Dr. Yaron Simler noted that the company reported continued sequential growth in revenue, and reached both GAAP and non-GAAP profit for the year as whole. He expects to close the takeover by Harmonic in March, and predicted that the two companies' "combined forces will enable us to emerge as a powerful and leading entity in the digital video network space."
Scopus's share rose 0.6 percent on Friday to $5.51, giving a market cap of $77 million.
To see more of Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
