Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] MTEC
Date: Sun, 24 Mar 2002 19:05:52 -0600
Previous Article (by Date): Re: [CANSLIM] MTEC Spencer48@aol.com
Top of Thread: [CANSLIM] MTEC Warren Keuffel
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Hi jans, Tom & Warren,
You can see how MTEC's products tie in directly to the terrorist threats =
and other DoD applications at:
http://yahoo.marketguide.com/MGI/signdevt.asp?target=3D/stocks/companyinf=
ormation/signdevt&Ticker=3DMTEC
From the most recent 10Q [highlighting is mine]: =
http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000950133=
- -02-000840
Commercial Systems revenue for the quarter ended January 31, 2002 was =
$10.1 million, $3.9 million higher than in the comparable prior year =
period. The 64.0% increase in revenue resulted from 84.5% higher sales =
of EpiPens in the current quarter compared to the same quarter in the =
prior year, offset slightly by a 13.0% decrease in pharmaceutical =
manufacturing and R&D services revenue. The increase in EpiPen was due =
to a number of factors including demand growth, an increase in the =
retail inventory requirements, and the discontinuation of a competitive =
product. ...
Government Systems revenues were $14.1 million in the quarter ended =
January 31, 2002 compared to $7.3 million in the second quarter of =
fiscal 2001. Homeland Security sales were $5.4 million for the three =
months ended January 31, 2002 versus $388,000 for the three month period =
ended January 31, 2001. This dramatic increase reflects shipments of =
nerve agent antidotes and other military auto-injector products to state =
and local first responders under the Metropolitan Medical Response =
System ("MMRS"), and to other non-military agencies, such as the =
Department of Health and Human Services ("HHS"). These products are =
intended to enhance civilian defense against potential chemical agent =
terrorist attacks. As the increased level of Homeland Security sales are =
a direct result of the terrorist attacks of September 11, 2001, the =
Company does not believe that this rate of demand growth will be =
sustained in future periods. Military revenues were $8.7 million for the =
quarter ended January 31, 2002, an increase of 25.6% from the same =
period last year. DoD revenues were 62.9% higher than the same quarter =
last year, reflecting the heightened domestic military readiness, while =
foreign government revenues decreased 13.4% for the quarter due to the =
timing of procurements by the foreign military customers.=20
On a year to date basis, Government Systems revenues were $19.2 million =
for the six months ended January 31, 2002, compared to $12.0 million for =
the same period last year. The year to date increase reflects changes =
described in the second quarter above. Overall the Company expects =
military based revenues will increase this year as compared to fiscal =
2001, based on heightened global military preparedness, and as a result =
of the Company's foreign marketing efforts.=20
- --Katherine
----- Original Message -----=20
From: Spencer48@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Sunday, March 24, 2002 6:37 PM
Subject: Re: [CANSLIM] MTEC
Tom:
It is indeed puzzling how well MTEC (the company) did in the past =
few=20
months considering how ho-hum it was prior to the recent quarter-then =
one=20
looks at the industry group it is in. And then one sees what the =
company=20
actually does. Perhaps the anomalous quarter (and the projection =
that next=20
year the company won't do so well) is based on 9/11. After 9/11 every =
medical institution wanted to innoculate and give vaccines to prevent =
the=20
possible success of terrorist's biological weapons. Many individuals =
also=20
wanted to be protected with vaccinations. Thus a company like MTEC =
which=20
designs and develops medical devices (including pre-filled syringes) =
likely=20
profited, and their bottom line earnings and sales leap reflects that. =
=20
jans
In a message dated 3/24/2002 2:57:41 PM Eastern Standard Time,=20
stkguru@bellsouth.net writes:
<< At a glance, their numbers don't make sense to me. Latest qtr (2nd) =
both
earnings and sales show a huge jump over what they had been doing. =
Thru the
first six months, they are on track to far surpass the year's =
forecast
(assuming Q2 is indicative of Q3 and Q4). Yet the forecast for next =
year
shows a 19% decline. >>
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
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<DIV>Hi jans, Tom & Warren,</DIV>
<DIV> </DIV>
<DIV>You can see how MTEC's products tie in directly to the terrorist =
threats=20
and other DoD applications at:</DIV>
<DIV><A=20
href=3D"http://yahoo.marketguide.com/MGI/signdevt.asp?target=3D/stocks/co=
mpanyinformation/signdevt&Ticker=3DMTEC">http://yahoo.marketguide.com=
/MGI/signdevt.asp?target=3D/stocks/companyinformation/signdevt&Ticker=
=3DMTEC</A></DIV>
<DIV> </DIV>
<DIV>From the most recent 10Q <FONT color=3D#0000ff =
size=3D2>[highlighting is=20
mine]</FONT>: <A=20
href=3D"http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D00=
00950133-02-000840">http://www.edgar-online.com/bin/edgardoc/finSys_main.=
asp?dcn=3D0000950133-02-000840</A></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Commercial Systems revenue for the quarter ended=20
January 31, 2002 was $10.1 million, $3.9 million higher than =
in the=20
comparable prior year period. The 64.0% increase in revenue resulted =
from 84.5%=20
higher sales of EpiPens in the current quarter compared to the same =
quarter in=20
the prior year, offset slightly by a 13.0% decrease in pharmaceutical=20
manufacturing and R&D services revenue. <FONT color=3D#0000ff>The =
increase in=20
EpiPen was due to a number of factors including demand growth, an =
increase in=20
the retail inventory requirements, and the discontinuation of a =
competitive=20
product.</FONT> <FONT color=3D#0000ff>...</FONT></FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Government Systems revenues were $14.1 million =
in the=20
quarter ended January 31, 2002 compared to $7.3 million in the =
second=20
quarter of fiscal 2001. Homeland Security sales were $5.4 million =
for the=20
three months ended January 31, 2002 versus $388,000 for the three =
month=20
period ended January 31, 2001. <FONT color=3D#0000ff>This dramatic =
increase=20
reflects shipments of nerve agent antidotes and other military =
auto-injector=20
products to state and local first responders under the Metropolitan =
Medical=20
Response System (=93MMRS=94), and to other non-military agencies, such =
as the=20
Department of Health and Human Services (=93HHS=94)</FONT>. These =
products are=20
intended to enhance civilian defense against potential chemical agent =
terrorist=20
attacks. As the increased level of Homeland Security <FONT =
color=3D#0000ff>sales=20
are a direct result of the terrorist attacks of September 11, 2001, =
the=20
Company does not believe that this rate of demand growth will be =
sustained in=20
future periods</FONT>. Military revenues were $8.7 million for the =
quarter=20
ended January 31, 2002, an increase of 25.6% from the same period =
last=20
year. DoD revenues were 62.9% higher than the same quarter last year, =
reflecting=20
the heightened domestic military readiness, while foreign government =
revenues=20
decreased 13.4% for the quarter due to the timing of procurements by the =
foreign=20
military customers. </FONT></DIV>
<DIV>
<P><FONT size=3D2>On a year to date basis, Government Systems revenues =
were=20
$19.2 million for the six months ended January 31, 2002, =
compared to=20
$12.0 million for the same period last year. The year to date =
increase=20
reflects changes described in the second quarter above. <FONT=20
color=3D#0000ff>Overall the Company expects military based revenues will =
increase=20
this year as compared to fiscal 2001, based on heightened global =
military=20
preparedness, and as a result of the Company=92s foreign marketing =
efforts.=20
</FONT></FONT></P>
<P>--Katherine</P></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DSpencer48@aol.com=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, March 24, 2002 =
6:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MTEC</DIV>
<DIV><BR></DIV>Tom:<BR><BR> It is indeed =
puzzling how=20
well MTEC (the company) did in the past few <BR>months considering how =
ho-hum=20
it was prior to the recent quarter-then one <BR>looks at the industry =
group it=20
is in. And then one sees what the company <BR>actually =
does. =20
Perhaps the anomalous quarter (and the projection that next =
<BR>year the=20
company won't do so well) is based on 9/11. After 9/11 every =
<BR>medical=20
institution wanted to innoculate and give vaccines to prevent the =
<BR>possible=20
success of terrorist's biological weapons. Many individuals also =
<BR>wanted to be protected with vaccinations. Thus a company like MTEC =
which=20
<BR>designs and develops medical devices (including pre-filled =
syringes)=20
likely <BR>profited, and their bottom line earnings and sales leap =
reflects=20
that. <BR><BR>jans<BR><BR><BR><BR>In a message dated 3/24/2002 =
2:57:41=20
PM Eastern Standard Time, <BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>=20
writes:<BR><BR><< At a glance, their numbers don't make sense to =
me.=20
Latest qtr (2nd) both<BR> earnings and sales show a huge jump =
over what=20
they had been doing. Thru the<BR> first six months, they are on =
track to=20
far surpass the year's forecast<BR> (assuming Q2 is indicative of =
Q3 and=20
Q4). Yet the forecast for next year<BR> shows a 19% decline.=20
>><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.</BLOCKQUOTE></BODY></HTML>
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- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): Re: [CANSLIM] MTEC Spencer48@aol.com
Top of Thread: [CANSLIM] MTEC Warren Keuffel
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