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American Science & Engineering Inc. Message Board

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  • bengrahamvalueinvestor bengrahamvalueinvestor Mar 30, 2005 7:50 PM Flag

    Revenues Shy?

    Maybe you haven't followed this company very long. The average quarter in their "off" quarters (those not in the August--Oct area) tend to be about $6 million in orders a quarter) $20 million is outstanding. Keep in mind there are also orders that cannot be reported because of govt regs (not likely--but it happens) and there are orders that are insignificant on their own, but in total they add up--probably as much as $3 or $4 million.

    The concern over revenues for the quarter is a mute point. Really, investors should be focused on profit margins and new orders and new customers. If they do $30 million for their quarter that would mean they probably would only do $20-$24 million next quarter. So a nice steady increase with out blowing their backlog is the best case scenerio until the REAL orders start kicking in from the TSA, DOD, etc.

    The $500 million blanket order from the DOD expires very soon---a new order should be on its way.

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    • ben graham
      what blanket order? was there ever one issued?

      • 1 Reply to swifty2062002
      • bengrahamvalueinvestor bengrahamvalueinvestor Mar 31, 2005 10:32 AM Flag

        American Science and Engineering Announces a $500 Million Blanket Purchase Agreement With the U.S. Department of Defense
        BILLERICA, Mass., May 7, 2002 (BUSINESS WIRE) -- American Science and Engineering, Inc. (AMEX:ASE) announced today the execution of a three-year blanket purchase agreement (BPA) with the Department of Defense (DOD) for a range of security products including Shaped Energy(TM), MobileSearch(TM), and ParcelSearch(TM) X-ray inspection systems. The contract calls for no minimum purchases, but allows for up to $500 million in purchases over the three-year period. Although American Science and Engineering (AS&E) believes that it will receive significant orders from this contract, the timing and amount of any such orders are yet to be determined. The DOD currently utilizes AS&E(R) X-ray inspection systems for a variety of Force Protection and counter-terrorism applications around the world. AS&E systems are also in use by more than thirty-five high security U.S. Government agencies.

        Ralph Sheridan, CEO and President, said today, "This blanket purchase agreement is another milestone in our long history of collaboration with the DOD in both product development and product deployment. AS&E's systems rely on a combination of transmission and patented Z(R) Backscatter detection. The use of two detection technologies provides substantially more information to security personnel for threat detection. AS&E technology continues to be the choice for high threat counter-terrorism applications and again underscores the U.S. Government's commitment to utilize technology to improve cargo and parcel inspection."

    • I have been following/investing in ASEI before it switched to NASD. I came over from the TSO board on ASECULT's recommendations. I made some nice dough. Today's R&D announcement, though small, was interesting. Enhanced van tech sounds good for future sales. Re revenue, that is true that not all bookings are announced. Based on that (and $20M in announced bookings), this does appear to be a super q that ended today. When will release be -- early Jun? MD$

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