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VOLUME
05: ISSUE 7
Feature:
Superclick Exceeds 2004 Revenue Guidance.
I'll
make this really simple. For full year (FY) 2003, Internet solutions provider
Superclick (OTCBB:
SPCK) did revenues of around $650,000. For the full year (FY) 2004,
the company has announced (release below) revenues of nearly $2.8
million. That's a 327 percent increase year over year. The
company had previously issued guidance that it would do between $2.5 and
$2.75 million for FY 2004. Today's number came in slightly above the upper
end of that range.
The
2004 numbers from Q3 to Q4 are also impressive as revenue for the latter
was $1.4 million, a 70 percent increase over the previous three months.
Further, by our measure, if one compares
Q4 2003 revenues of approximately $150,000 to Q4 2004 revenues of almost
$1.4 million, that's an increase of more than 9 times.
Eleven months ago, we alerted the
readership to Superclick at 46 cents. Since then, the shares have hit $1.16
and subsequently pulled back with the rest of the market. Now, with the
shares at 82 cents, which is still a snappy 78 percent increase from our
initial call in February 2004, the price looks to be continuing nicely
up the trend-line as shown by the chart. We feel that as long as that line
remains supportive, there is further upside for the shares. Accumulation
continues to be suggested for risk-oriented investors. And, as
usual, since this is the smallcap market, a protective stop loss at roughly
69 cents would likely be prudent.
SPCK's best game, so far...
The past year has been one of many
milestones for the company. Deals with Verizon (NYSE:
VZ) and France's Locatel (although that relationship was announced
in Q1 2005) have set the path for significant future sales growth for Superclick.
As well, contracts inked through it's own sales initiative have contributed
to the substantial growth over the past year. We expect that 2005 will
see further significant development of both SPCK's customer base and sector
influence. The size and quality of deals to date are testament to the cutting
edge R&D that the company has and will continue to translate into commercial
sales.
Superclick now has significant footholds--either
with partners or on its own--in the hospitality and multiple tenant units
sectors within North America, the Caribbean and Europe. SPCK's vast array
of services beyond simple internet access--wired and wireless--will see new
opportunities, we believe, open up for the company quite quickly in 2005
and beyond. The early success of the company has been impressive and we
see no reason to date that it won't build on those opportunities and expand
its influence to other large customers and geographic regions.
Color us impressed
The best part from our perspective
is that not only has Superclick had impressive growth but also that it
has garnered significant accolades from its customers as to the quality
of both its products and services. In a very competitive marketplace, it
is apparent that Superclick has, in one short year, established a beachhead
to become a leading force in the sector. Penetration of its target markets
is still low, evidencing opportunities that should propel the company,
and by extension its shareholders, forward.
Not much more to report. The numbers
are impressive and the prospects appear solid. As smallcaps/specs go, you'll
have to go a long way to find a quality situation with this kind of potential,
in our opinion.
We'll keep an eye on it for 2005.
Should be very interesting.
PRESS RELEASE
Superclick Reports
Record Fourth Quarter and Annual Results -- Up 70% and 327% Respectively
DALLAS, Jan 28, 2005
(PRIMEZONE via COMTEX) -- Superclick, Inc. (OTCBB:SPCK)
today announced record fourth quarter and record year-end results
for the period ended October 31, 2004. During the three months and twelve
months ended October 31, 2004, the Company had net sales of $1,370,879
and $2,791,770, respectively, compared with $2,692 for the ten months ended
October 31, 2003.
On an un-audited proforma
basis, and accounting for the combined results of Superclick Networks,
Inc., acquired on October 7, 2003, the results for Superclick's full year
ended October 31, 2003 were $652,336. On its un-audited proforma basis,
Superclick's revenue for fiscal 2004 was up 327% over last year. On a quarter-over-quarter
basis, revenue for the fourth quarter of 2004 was up 70% over the third
quarter of 2004.
Gross profit for fiscal
2004 increased to approximately $949,000 representing 34% of revenue.
For the three and twelve months ended October 31, 2004, general and administrative
expense was $523,401 and $1,735,065, respectively compared with $89,211
for the ten months ended October 31, 2003, respectively. The increase was
the result of the acquisition of Superclick Networks, Inc.
Net loss for the three
and twelve months ended October 31, 2004 was $130,259 and $828,017 respectively,
compared to a net loss of $89,542 for the ten months ended October 31,
2003. The increase in net losses was the result of the acquisition
of Superclick Networks, Inc.
Superclick's President
and CEO, John Glazik commented that "Superclick has concluded a breakthrough
year during which we have validated our product development and value proposition
in the marketplace. We have delivered dramatic, above-planned revenue growth
over the last several quarters and have acquired a significant base of
satisfied customers that are eager to act as references. Our employees
are to be congratulated for their exemplary performance which has led to
these results."
Management Discussion
and Highlights For 2004
This has been a year
of significant growth for Superclick with many opportunities which have
allowed our Company to make tremendous progress on all fronts. After several
years of product development and refinement, during which we have listened
carefully to our customers, we are now establishing the superiority of
our solution in the marketplace.
This past year, our efforts
in adding capital to the company have allowed Superclick to offer turnkey
installations to multiple hospitality customers, making it easier than
ever for them to purchase our SIMS platform. We have increased our sales
and marketing efforts which have resulted in increased company and product
recognition.
Our winning strategy
also solidified this year as we changed the sales dynamic in the industry.
Most of our competition sells an internet access system to a hotel who
may not be allowed to charge for this service. Superclick installs an IP
infrastructure management system which shows the customer how to leverage
their investment by the promotion of a growing suite of revenue generating
IP services which are provided by our SIMS platform.
We announced an agreement
with Verizon (NYSE:VZ) in April in which this major telecommunications
service provider selected our SIMS platform to resell through its channels.
This has resulted in a significant amount of business which has helped
drive our revenues and significantly contributed to top line revenue growth
as well as the bottom line.
Here are some of the
other significant milestones achieved during FY 2004:
The number of hotels installed
and under contract increased 213% from 37 to 116. This represents a 238%
increase of rooms from 5,900 to 20,000 over the year.
Large deployment of 43 Candlewood
Suites hotels for the Intercontinental Hotel Group.
Large deployment of 52 properties
for Westmont Hospitality Group.
The launch of Superclick's
Wi-Fi initiative offering flexible service, billing and management solutions
in a wireless environment,
Installations at the Renaissance
Skydome Toronto and InterContinental Montreal as well as expansion into
the Caribbean through our installation of the Hutchinson Our Lucaya, Bahamas.
The installation of our
first traunch of value added IP services. These include In-room printing,
multi-leg VoIP audio teleconferencing, and hotel casino gaming. New services
are in negotiation and development for rollout in 2005.
About Superclick, Inc.
Superclick, Inc., through
its wholly owned subsidiary, Superclick Networks, Inc., develops, manufactures,
markets and supports the Superclick Internet Management System (SIMS) in
the worldwide hospitality and multi-tenant unit (MTU) markets. Superclick
provides customers with cost-effective Internet access and IP-based services
utilizing high-speed DSL, CAT5 wiring, wireless and dial-up modem technologies.
More than 100 customers throughout the United States, Canada, the Caribbean
and Europe have installed Superclick's best-in-class data management platform
including the InterContinental Hotels Group, Candlewood Suites, Crowne
Plaza, Holiday Inn, Holiday Inn Express, JW Marriot, and Staybridge Suites.
For more information visit www.superclick.com
Safe Harbor Statement:
Statements in this press
release that are not statements of historical or current fact constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors that could
cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements which explicitly
describe such risks and uncertainties, readers are urged to consider statements
with the terms "believes," "belief," "expects," "intends," "anticipates,"
"will" or "plans" to be uncertain and forward-looking. The forward-looking
statements contained herein are also subject generally to other risks and
uncertainties that are described from time to time in the Company's reports
and registration statements filed with the Securities and Exchange Commission.
SOURCE: Superclick, Inc.
By Staff
CONTACT:
Superclick, Inc.
John Bevilacqua
Investor Relations
(866) 405-3959
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