Quartalszahlen 2.Q - 500 Beiträge pro Seite

[meingeld1]

Hier der Quartalsbericht, den ich von Yahoo runtergeladen habe. Habe ihn nur ganz flüchtig überflogen. Scheint gar nicht so schlecht zu sein.

Was ist Eure Meinung?

Thursday July 26, 2:30 am Eastern Time
Press Release
SOURCE: SCM Microsystems, Inc.
SCM Microsystems Announces Second Quarter Results
Expense Reductions Drive Return to Operational Profitability
FREMONT, Calif., July 26 /PRNewswire/ -- SCM Microsystems, Inc. (Nasdaq: SCMM, Neuer Markt: SMY), a leading provider of solutions that open the Digital World, today announced results for the second quarter ended June 30, 2001.

Revenues for the second quarter of 2001 were $46.6 million, reflecting an increase of 55% from revenues of $30.0 million in the second quarter of 2000. Excluding goodwill amortization, deferred stock based compensation expense and one-time charges, SCM realized an operating profit of $250,000 and net earnings of $1.6 million, or $0.10 per share. This compares with net earnings of $1.4 million, or $0.09 per share in the year ago quarter, excluding amortization of goodwill.

During the second quarter, SCM took a number of actions designed to lower expenses, including targeted headcount reductions, consolidating redundant operations and closing certain offices. These measures resulted in one-time charges of $3.6 million in the second quarter of 2001, as expected. In addition, the Company amortized $3.7 million of goodwill in the second quarter of 2001, compared with $432,000 in the second quarter of 2000, reflecting the Company`s increased acquisition activity over the past year.

Including one-time charges, deferred stock based compensation expense and goodwill amortization, reported net loss for the second quarter of 2001 was ($5.2) million, or ($0.34) per share, compared with net income of $1.2 million, or $0.08 per share in the second quarter of 2000.

For the six months ended June 30, 2001, revenues were $91.7 million, up 48% from revenues of $62.1 million for the first six months of 2000. Reported net loss for the first six months of 2001, including amortization of goodwill, deferred stock based compensation expense and one-time charges, was ($23.6) million, or ($1.54) per share, compared with reported net income of $3.9 million, or $0.25 per share for the first six months of 2000.

Cash and investments were $51.4 million as of the end of the second quarter, basically flat with $51.8 million at the end of the first quarter. Accounts receivable were $43.3 million, compared with $49.0 million at the end of the previous quarter, and days sales outstanding dropped by 14 days to 84 days.

``We are very pleased with the solid achievements of our second quarter, which exceeded our expectations for sales growth, expense reduction and operating profit,`` said Robert Schneider, chief executive officer of SCM Microsystems. ``We executed against a plan to reduce underlying operating expenses throughout the organization, particularly in our retail business, putting it on track to be profitable by the end of the year. At the same time, we continued to increase sales, in spite of continued soft demand in the retail sector.``

Sales highlights for SCM during the second quarter included:

The eleventh consecutive quarterly increase in sales of digital TV security modules in Europe. These modules fit into a common interface slot in set top boxes and are used by pay-TV subscribers to decrypt broadcast signals. Currently, SCM holds a majority of the market for these modules. Based on industry trends to build common interface slots into all set tops sold in Europe, the market for such modules is expected to grow significantly.
70% year-over-year growth in the Company`s PC Security division based on new and increased sales of smart card readers and reader technology. New customers in the quarter included Motorola and the U.S. Government supplier, Maximus. In addition, SCM made high volume shipments of smart card terminals during the second quarter to several customers, including Giesecke & Devrient for deployment to the first 150,000 GeldKarte holders in Germany.
Dell Computer Corporation`s selection of SCM`s Dazzle(TM) DV/analog digital video editing product as an available option with its popular Dimension(TM) line of desktop PCs. The Dazzle product allows users to capture older analog video content, mix it with new DV video content, edit it and output the new video in either the DV or analog format.
Eastman Kodak`s selection of SCM`s Microtech branded digital media readers for use in their Picture Maker II digital photo kiosks. Designed for use in industrial photo kiosks and minilabs, the reader/writer allows consumers to quickly and easily connect to Kodak`s photo kiosk and download images from virtually any digital camera or media card to self-customize and print high quality photographs.
``We are encouraged by the strength of our OEM business, particularly in the smart card reader and conditional access markets,`` concluded Schneider. ``However, we believe that continued uncertainty in the economy will continue to create a soft retail environment, limiting the seasonal increase in sales we would normally expect to see in the third quarter. Longer term, we believe the need for solutions that facilitate access to digital content will again drive consumer demand. We believe SCM is well positioned to benefit from our industry partnerships and our strong retail presence when the economy improves. We will continue to focus on enhancing our position as a core technology enabler for emerging digital markets and on further strengthening our ability to increase profitability.``

SCM expects that revenues for its third quarter will be in the same range of $46 million and $47 million and that overall gross margin will be in the range of 32.5% to 33.5%. Operating expenses are expected to be in the range of $14.2 million to $14.7 million, excluding goodwill amortization, resulting in operating profit of $250,000 to $1 million. Despite limited visibility caused by a weak economic environment and uncertainty in its markets, the Company expects fourth quarter revenues to be sequentially higher than third quarter revenues.

SCM will hold a conference call and Webcast on Thursday, July 26, 2001 at 8:30 a.m. Eastern Time to discuss the results of its second quarter. The dial in number for the call is [phone]. The Webcast can be accessed at www.scmmicro.com/ir/index.html or at www.streetfusion.com.

NOTE: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties which may cause actual results to differ materially from those contemplated herein, and include. These statements include our expectations for revenue, gross margins, operating expenses and operating profits for the third quarter, and also our expectations regarding our ability to make our retail business profitable by year end; the strength of our OEM business, particularly in the smart card reader and digital TV conditional access markets; the seasonality of our business; future demand for access to digital content; future demand for common interface security modules in European set top boxes; our industry partnerships and strong retail presence; our market position as a core technology enabler for emerging digital markets; and our ability to generally increase our company-wide profitability. Risks and uncertainties that could cause SCM`s actual business and operating results to differ include, but are not limited to our ability to continue to grow based on a strategy of participating in multiple early stage markets; our ability to successfully develop and introduce new products that satisfy the evolving and increasingly complex requirements of our consumer customers and our historic original equipment manufacturer customers; the markets in which we participate or target may not grow, converge or standardize at anticipated rates or at all, we may not participate fully in our target markets and competitors could take market share or create pricing pressure; and we may face difficulties in integrating our acquisitions and the anticipated operational synergies and other benefits of these acquisitions may not occur. For a discussion of further risks and uncertainties related to SCM`s business, please refer to SCM`s public company reports, including the Report on Form 10-Q for the quarter ended March 31, 2001, filed with the U.S. Securities and Exchange Commission.

About SCM Microsystems

SCM Microsystems is a leading supplier of solutions that open the Digital World by enabling people to conveniently access digital content and services. SCM`s advanced silicon, hardware and software solutions enable secure exchange of electronic information for digital applications from e-commerce to broadband content delivery by providing controlled access points to platforms such as PCs, digital cameras, and digital television set-top boxes. Known as a premier supplier to OEM companies around the world, SCM also serves the retail market through its Dazzle, Microtech and FAST product brands. Global headquarters are in Fremont, Calif., with European headquarters in Pfaffenhofen, Germany. For additional information, visit the SCM Microsystems Website at www.scmmicro.com.

NOTE: All company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.


SCM MICROSYSTEMS, INC.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

Quarter ended Six months ended
June 30, June 30,
2001 2000 2001 2000

Revenues $46,600 $30,048 $91,707 $62,120
Cost of revenues # 31,419 20,084 72,282 40,190
Gross margin 15,181 9,964 19,425 21,930
Operating expenses:
Research and development 3,389 2,965 6,971 5,686
Sales and marketing 6,682 4,328 15,258 8,199
General and
administrative # 4,860 2,775 10,815 5,361
Amortization of goodwill
and intangibles 3,657 432 7,365 866
Deferred stock based
compensation expense 193 --- 431 ---
One-time and restructuring
charges 3,615 --- 3,730 ---
Total operating
expenses 22,396 10,500 44,570 20,112
Income (loss) from
operations (7,215) (536) (25,145) 1,818
Loss from investments --- --- (5,679) ---
Interest and other, net 1,081 2,322 1,048 4,104
Income (loss) before
taxes and minority
interest in earnings (6,134) 1,786 (29,776) 5,922
Benefit (provision) for
income taxes 853 (547) 6,041 (1,788)
Minority interest in
(earnings) loss of
consolidated subsidiaries 64 8 164 (209)

Net income (loss) $(5,217) $1,247 $(23,571) $3,925
Net income (loss) per
share:
Basic $(0.34) $0.09 $(1.54) $0.27
Diluted $(0.34) $0.08 $(1.54) $0.25
Shares used in computing
earnings (loss) per share:
Basic 15,318 14,447 15,293 14,362
Diluted 15,318 15,677 15,293 15,666

Pro forma results:
Pro forma net income
(loss) * $1,594 $1,367 $(7,111) $4,396
Diluted shares used in
pro forma net income
(loss) per share * 15,393 15,677 15,293 15,666

Pro forma net income
(loss) per share * $0.10 $0.09 $(0.46) $0.28

*Excluding amortization of goodwill and intangibles, deferred stock based
compensation expense and one-time and restructuring charges, in-process
research and development and loss on investments.

# For the first quarter of 2001, cost of revenues includes inventory
reserve increases of $10.0 million, and general and administrative
expense includes an increase in allowance for accounts receivable of
$2.5 million.
SCM MICROSYSTEMS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)

June 30, December 31,
2001 2000
ASSETS
Current assets:
Cash, cash equivalents and short-term
investments $51,387 $66,926
Accounts receivable, net 43,312 54,913
Inventories 34,867 36,799
Other current assets 6,405 5,492
Total current assets 135,971 164,130

Property, equipment and other assets, net 28,384 24,136
Goodwill, net 62,017 64,129
Total assets $226,372 $252,395

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $25,305 $27,167
Accrued expenses and other current
liabilities 12,445 12,071
Income tax payable 957 1,147
Total current liabilities 38,707 40,385

Deferred tax liability 2,227 1,214
Minority interest 95 636

Stockholders` equity 185,343 210,160
Total liabilities and
stockholders` equity $226,372 $252,395

SOURCE: SCM Microsystems, Inc.

[meingeld1]

Tschuldigung, während ich den Beitrag verfasst habe war WO schneller. Künstlerpech!

[Langfristleger]

An Meingeld!
Danke für die Infos.Dein Bericht sheint ja ausführlicher zu sein.

[UKW14]

schlecht, aber ganz sicher.

[Langfristleger]

An UKW!
Wieso schlecht.Umsatzwachstum doch klasse und die anderen Zahlen wie angekündigt,oder was stört Dich.Schreib doch mal,was Dich negativ stört.
Danke

[kaptain.taxi]

@ Langfristleger

Schließe mich der Meinung von UKW14 an.

Ich finde es nicht berauschend wenn der Umsatz um 55 %
gesteigert wird, und der operative Gewinn (vor Abschreibungen)
dann nur um rund 10 % von 9 auf 10 Cent steigt.

Wenn aus diesen 10 Cent dann durch Abschreibungen und Einmalauf-
wendungen dann - 34 Cent werden (Vorjahr + 9 Cent) gefällt mir das
noch viel weniger.

Damit wären wir dann schon bei -1,54 Dollar für die ersten 6 Monate.
War nicht vor gar nicht allzu langer Zeit mal von + 1,20 die Rede ?

Auch die Aussagen über die Aussichten könnten genauer sein.

Ich hoffe dass sind erstmal genügend Begründungen

Der kaptain

[Langfristleger]

Danke für Deine Meinung.Was hast Du denn anderes erwartet.Die Ankündigung war 3,7 Milionen Abschreibungen und 2-4 Millionen Restrukturierungsaufwand.Das dann inklusive dieser Zahlen ein Verlust entsteht ist unschön,war aber klar.Das Umsatzwachstum war höher als erwartet und die Aussichten sind eine Vortsetzung der letztewn Ankündigungen nämlich im Q4 wieder in die Gewinnzone zu kommen,und beim operating profit im Q2 den Brek even zu erreihen.Ich kann mit diesen Zahlen gut leben und der Kurs is jetzt auch(man sollte den Tag nicht vor dem Abend loben.
Grüße

[Cyberfrank]

Als Short-Seller würde ich nun ziemlich nervös sein, da der Ausblick relativ optimistisch ausfiel. Ich rechne daher mit einem massivem Kursanstieg heute nachmittag, wenn sich die Short-Seller in Amerika eindecken. Daher ist SCM zumindest für heute noch ein klarer Kauf.

[UKW14]

Guten Morgen!
@ Langfristanleger und alle anderen SCM`ler
Ich war heute morgen am Arbeitsplatz und habe nur kurz die ad hoc durchgelesen. Leider habe ich in der Eile die Mitteilung über das 1. Quartal aufgemacht, die aktuellen Zahlen waren zu dem Zeitpunkt noch gar nicht hereingestellt. Streicht also bitte das kurze Posting von mir von 08.55 Uhr - es hat sich auf die 1. Quartalszahlen bezogen. Die aktuellen Zahlen gehen meiner Meinung nach sicher in Ordnung.

[Langfristleger]

@UKW!
Nix für ungut.Du hast mir heute morgen eine halbe Stunde Kopfzerbrechen bereitet,da ich den heutigen Tag zum nachkauf ausgewählt hatte.Bin bisher immer zu früh mit kaufen gewesen,wollte daher erst die Zahlen abwarten.Da sich Oxtorner auch nicht gemeldet hatte und ich persönlich denke,daß er sich nach schlechten Meldungen weniger meldet und dann noch Deinen negativen Kommentar...Kann Oxtorner übrigens gut verstehen,wenn er nur auf 10% von meinen Verlusten sitzt,kann das schon auf Dauer an die Nerven gehen und die Bereitschaft alles in Frage zu stellen wird dann tendenziell größer.Letztendlich habe ich meinen Einstiegskurs heute nach unten bringen können,ist von heute nur noch so weit entfernt ,wie bis zum Mond und nicht bis zum Mars.Bin aber bis jetzt für heute zufrieden.Mal sehen ,was die Amerikaner heute machen und was der Conference Call bringt.Unter Yahoo Message Board meinte einer,daß Systematisch die letzten 2 Wochen versucht wurde durch block trades den Kurs runter zu bringen,um Stop loss abzuräumen in der Größenordnung von 200.000-300.000 Shares in den letzten 2 Wochen.Er ging deshalb vorher von guten Q-Zahlen aus.