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Evolving Systems, Inc. (EVOL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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1.07000.0000 (0.00%)
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  • P
    PLUMBCRAZY
    Y is this moving up 4
  • T
    T-Pain
    Broke even on declining revenues in Q4, then wrote off $17,800,000 of goodwill. Need some good news on "Evolution" and business development going forward.
    From their filing yesterday:
    We performed our annual goodwill impairment test as of July 31, 2018, at which time we had $25.0 million of goodwill. The fair value of the reporting unit was estimated using both market and income-based approaches. Due to a sustained decline in the market capitalization of our common stock during the fourth quarter of 2018, we performed an interim goodwill impairment test in accordance with the provisions of ASU 2017-04. The outcome of this goodwill impairment test resulted in a non-cash charge for the impairment of goodwill of $17.8 million, which will be recorded in the consolidated financial statements for the year ended December 31, 2018.

    The company anticipates that, when filed, the Form 10K, will reflect total revenues for the year ended December 31, 2018 of approximately $30.6 million compared to total revenues of $28.8 million reported in 2017. The Company anticipates that it will show for the year ended December 31, 2018 an operating loss of $(16.0) million as compared to operating income of $5.4 million reported in 2017. The operating loss is primarily due to the goodwill impairment charge. Exclusive of the goodwill impairment loss, the Company anticipated positive results from operations.
  • J
    Jobe
    Nice Earnings report. Margins were a little thinner, but to be expected given the merger related costs. Cash is up, revenues are up, eps is up, and integration continues. A really nice increase in earnings. SP should be popping. I added a few more shares ahs.
  • H
    Harry
    Well a tiny bit of good news. They're going to get the Q4 report out by next Monday's deadline. Not expecting much, but at least expectations will be low with the stock having crumbled to $1.20. Hoping to see a small Q4 profit, but maybe even that's ambitious.
  • T
    T-Pain
    Key phrase from the conference call:

    "In terms of sales, we continue working the channel with increasing effectiveness. You can expect more win announcements here shortly. "
  • T
    T-Pain
    "Evolving Systems launched Evolution at Mobile World Congress in February"
    and "In March, won over $7 million dollars in total contract value"
    ...they just need to do that every month!
  • S
    SeattleSlew
    Earnings to be released Aug. 14th after the close of the market with CC to follow. Will be interesting to see what the revenues look like, and how much they are investing for future growth. Definitely starts to get interesting with the price hovering around $2.50; just wonder why Singer etc. have NOT been buying over the past 3 months as this has been going down, given that they were buying at $5, $6 and $7 in their most recent spurt of activity a few years ago.
  • J
    Jeff
    Am I missing something on why this stock keep drifting downward? It doesn't seem to be deserving of such a drop. The company does make money after all.
  • H
    Harry
    EVOL sinking to $1.17 on a day when the markets are skyrocketing higher. Has management finally run this one into the ground? I was hoping EVOL might be a good turnaround play for 2019 after being trashed from the $5's to the $1's. But the stock action suggests otherwise.
  • J
    Jobe
    Decent sp reaction on what I view as a very solid quarter. Would like to see the volume a little higher. I think with a little more volume, we'd see the bid/ask push up to 4.50 or so.
  • T
    T-Pain
    Nice to see Renaissance take a position.
  • H
    Harry
    EVOL looking strong! Up to the $5.20's. Stock now up nearly 30% since the Q3 CC. Hopefully they deliver on that bullish forecast.
  • T
    T-Pain
    Looks like they are anticipating at least $6 million of EBITDA next year according their new banking arrangement. Nice for a $14 million market cap company.
  • J
    Jobe
    Evol is severely undervalued. Given it's projected growth and forward looking P/E, Evol is trading at about 1/4 the valuation of peers. If never Q releases the growth CEO projected, earnings per share should come in around .15/share. If growth continue we may see .20/share over the next few Qs. Even without that type of growth, Evol is trading at 10x earnings. Comparable companies, in the same industry, are boast share prices that are at 20x to 30x earnings. I can see Evol tracking higher over the coming weeks, first approaching 5/share where there'll be some resistance. From there, it's fairly open to 6/share. 7-8 per share come later in the Q, assuming some well timed announces, and leading up to the next release. However, Somewhere in a range of $6-$8/share is what i anticipate before next earnings, assuming some decent announcements between now and then. I own about 40k of their shares, so would love to see the sp double over the next few months.

    Jobe
  • P
    PLUMBCRAZY
    come on management give us some answers
  • H
    Herk
    It's about time that somebody anybody from managemenmt steps up an address stockholders expressed concerns !!!!!
  • P
    PLUMBCRAZY
    a lot of selling going into the earnings they're going to be sorry I got a sneaky idea we're going to go to the Moon. 🎆💰
  • P
    PLUMBCRAZY
    how's that upside potential looking now
  • O
    Ohrun224
    It's hard for me to believe but we are only $0.20 from a 52 week high. As Harry noted, this stock is finally started to look like it may have some momentum.
  • H
    Herk
    The buyout number I’m hearing is $8 and change and the deal will close before the end of May