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Forum - Wall Street Pit (Wizzard Software Corporation - WZE)    Stock Due Diligence for All

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From: dreampnst8 (Rep: 12)Date: 03/30/2011 20:09
Forum: Wall Street Pit - Msg #2108215 - List WZE msgs Thread #673197141 (Rec: 0)
WZE DD -- Review and offer comments, modify, shoot holes in it....whatever is good for the cause going into tomorrow. Thanks, Ed


Period Dec 2009 YEAR Sep 30 2010 June 30 2010 Mar 31 2010 Dec 31 2009
Rev $5,194 $1,472 $1,319 $1,301 $1,470
Net Income($6,509) ($771) ($1,144) ($1,357) ($1,489)
PPS $.34 $.24 $.18 $.34 $.34

Now: Shares Outstanding: 67.84M

There was obviously some recent dilution with the financing completed on Jan 25, 2011. Looking at historical data, it appears cost of revenue for this upcoming quarter will be higher than in the same quarter a year earlier (2009 - $916,000; 3Q 2010 $946,000; YTD 3Q in 2010 is $2,632,000; for all of 2009 it was $3,353,000).

If we assume revs are ramping and we see a 20% increase from 3Q 2010, we see revs for Q4 at $1,766,000 for a yearly total of $5,858,000.

Projecting cost of revs at $975,000 for Q4 with revs of $1,766,000 yields $791,000 GP. Op Exp at $1,250,000 projected yields an Operating Loss of ($459,000). Add “other” of apprx ($75,000) and you have a Net Loss of ($534,000).

Based on the above, Net Loss for year would be: ($3,806,000) vs 2009 ($6,509,000).

Definitely much improvement and with the recent deals, Android, new technologies being released, etc., this company appears to be on the right track. The question is the revenue RAMP…is 20% growth for this last quarter conservative or aggressive????? AND, can they gain enough traction and generate revenue growth with the capital available (or dilute more later). SG&A appears relatively flat and they will not have any interest expense going forward as a result of the financing and retirement of the 2 notes that existed in 2009.

All in all, I suspect this one is poised to go. I am hopeful we see 30-40% revenue growth Q over Q – but we will see. I expect increased deal activity resulting in significant revenue growth in 2011. Top line is key – we have to see it Q over Q.



Press on - let's make some money.  

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