From the fiscal year end results:
"The Company ended fiscal 2014 with cash, cash equivalents and investments of $26.1 million, compared to $29.0 million at the end of fiscal 2013."
If it is one thing that bugs me on these message boards is how many people do not know the difference between the words "loose" and "lose".
And that is why we are seeing the branch closings while mobile banking is growing. All good news for Mitek.
Duh, maybe because it is the year end results.
"LONG BEACH, N.Y., Feb. 26, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international payment and transaction processing and multi-currency processing services, today announced that it will host a conference call to discuss fourth quarter and annual 2013 financial results on Thursday, 6 March 2014 at 5:00pm New York time. Hosting the call will be CEO Carl Williams and COO & CFO Robert Cox. A press release with fourth quarter and annual 2013 financial results will be issued after the NASDAQ market closes that same day."
As one poster pointed out, the earnings are being released about a week early. This bodes well for a positive report, no company ever rushes out a poor report.
New product cycle will really kick up the revenues in 2015. This along with improving margins will lead to bottom line profitability.
2013 was great year for Zhone and investors. I see a repeat in 2015.
Fire the CEO? He's only been at the helm for 6 months and Q4 was only his first full Q. What kind of Kool-Aid are you drinking?
From the calx CC:
Q4/2014 revenue 111M
Q1/2015 guidance 91M
Also on the call:
"It’s worth spending a bit of time reviewing our full-year performance. As is been the pattern with beginning of most years, 2014 started off slowly. A number of our service provider customers only complete their annual capital expenditure budgets well into the first quarter. Beginning in Q2 and continuing throughout the year, we saw a number of service providers announce plans and begin to upgrade their network capabilities and speeds."
Sounds to me like Zhone stated the same.
I think we just might see that reversal today. If it can break over $1.41 we just might see $1.42.
CHICAGO, Dec 31, 2014 (BUSINESS WIRE) -- Goudy Park Management today announced it has increased its stake in Planet Payment (PLPM) to over 2,400,000 shares and now owns over 4.3% of the common shares outstanding. Goudy Park Management has been pleased with the initial steps taken by new CEO, Carl Williams to reduce the company's operating cost structure and improve EBITDA margins. It also is confident that Planet Payment management has several initiatives underway to re-accelerate top line growth to a low double digit level in 2015 and beyond and maintain EBITDA growth of 20% or more for the next several years.
Goudy Park Management is encouraged by management's and the Board's efforts to increase shareholder value by adopting a share repurchase plan during the fourth quarter of 2014 to address the wide valuation gap that exists between Planet Payment and its payment company peers. Given the company's 85 percent incremental margins and accelerating free cash flow, the company will have the ability to reduce the share count by 15-20 percent over the next several years and aggressively return cash to shareholders. Goudy Park Management LLC remains confident that Planet Payment can generate $16-$20m in EBITDA and be worth $3.50-$4 over the next 2 years.
Goudy Park Management is fully supportive of the management team at Planet Payment and intends to proactively engage its Board of Directors about ways to further increase shareholder value in 2015.
SOURCE: Goudy Park Management