Spaz - 4. Q. profitabel - Anzeichen für nen Turn-around?! - 500 Beiträge pro Seite

[spekulazius]

Thread: Kein Titel für Thread 200503231230024

[Snare]

Hätte ich schon bald nicht mehr erwartet. Spatializer
profitabel. Vorsichtig optimistisch grüßt -

Snare



Spatializer Audio Laboratories Inc. Returns to Profitability in Fourth Quarter
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23 March 2005, 07:30am ET

Fiscal 2004 Net Loss Significantly Reduced From Prior Year
SAN JOSE, Calif., March 23 /PRNewswire-FirstCall/ -- Spatializer Audio Laboratories Inc. (BB:SPAZ) today reported revenues for the fourth quarter ended December 31, 2004 of $495,000, compared to $345,000 in the prior year, an increase of 43%. Spatializer reported net income of $170,000, $0.00 per share, for the three months ended December 31, 2004, compared to net loss of ($102,000), ($0.00) per share, in the prior year.

Revenues for the twelve months ended December 31, 2004 were $1,106,000, compared to $1,269,000 in the prior year, a decrease of 13%. Net loss for the year ended December 31, 2004 was ($157,000), or ($0.01) per share, compared to net loss of ($495,000), or ($0.01) in the prior year.

At December 31, 2004, Spatializer had $871,000 in cash and cash equivalents, compared to $590,000 at December 31, 2003. Spatializer working capital at December 31, 2004 was $586,000 compared with working capital of $793,000 at December 31, 2003.

While the overall decrease in revenue was 13% in fiscal 2004, the revenue mix by licensee platform was significantly different this year compared to the prior year. The decrease in revenues results primarily to the loss or reduction at three key DVD player accounts and one PC account which, in aggregate, generated approximately 56% of total fiscal 2003 revenue. In each case, these licensees decided to use no licensed virtual surround solution or opted for a free solution from their chip supplier, driven primarily by cost reduction pressure. These losses were partially offset by three new revenue sources in cellular phones, mobile audio semiconductors and PCs and the expansion of an existing license relating to recordable DVD. Growth in the cellular phone and mobile semiconductor categories resulted in the 43% increase in fourth quarter year over year revenue.

Net loss for the year ended December 31, 2004 was significantly reduced, in spite of the revenue decline, due to an ongoing overhead rationalization program designed to maximize variable costs in engineering and sales and marketing.

"We were able to begin gaining revenue traction in the fourth quarter of 2004 as our initiatives in semiconductor, mobile phone and PC licensing generated meaningful revenue," stated Henry R. Mandell, chief executive officer of Spatializer Audio Laboratories, Inc. "The result of this was a strongly profitable fourth quarter in 2004. While the first quarter is traditionally a weak quarter for our industry and visibility remains limited due to the dynamics of the market, we are cautiously optimistic for fiscal 2005."

"This cautious optimism results from regular revenue from the Samsung licensing deal that we announced in August, 2004, design-ins for 2005 recordable DVD product at a global brand and ongoing use of our technology for PC-based applications. Mobile phone design-ins are usually of durations of three to six months per handset. While we expect to win in upcoming phone models and discussions are continuing, future wins cannot absolutely be assured. We benefit from both a lean and flexible overhead structure. Our new Asian Development Center in India provides us with quality, low cost support for our applications engineering work and significantly increased customer support capability. Lastly, we are expanding the scope of our distribution capability into new international markets that will expose new customers to the Spatializer advantage."

[abauer1050]

www.scottrader.com da kann man kostenlos realtimekurse angucken.

[Carlito78]

Schaut euch mal die Quartalsberichte von VOXWARE an. UMSATZ seit 2000 fast VERZEHNFACHT. Dort ist noch mehr zu holen als bei Spatializer. Der Kurs gurkt bei 0,05 Euro, weil keiner die Aktie kennt!!!!

[karo1]

Wow, die Reaktion in Amerika war nicht schlecht. Hätt ich so nicht erwartet.800.000 0,91-098 nicht schlecht, sollte da noch etwas kommen?.

Es zeigt doch, dass noch einige SPAZ auf der Watchlist haben und sollte sich jetzt wirklich ein turnaround ankündigen, können wir noch einiges erwarten....ups da ruft doch jemand aus dem Schlafzimmer...jaja ich komm ja schon ...

[dasneueuniversum]

Was können wir noch vom Kurs in den nächsten Wochen und Monaten erwarten?
Soll mann heute schon verkaufen, was es das , oder ist sind hier noch einige mehr Prozente drin?
Grüsse
DNU

[bankenfurter]

Die Frage ob Kaufen oder verkaufen mus jeder für sich selbst entscheiden.
Manchmal sollte man die alten Börsenweisheiten befolgen:
Sell on good news, buy on bad news.
Aber wie gesagt, nur manchmal........

[karo1]

Auch Q1 2005 wird besser sein als das Vorjahrsquartal.



Was mich wundert sind die Erlöse aus dem Samsung Deal. Hat irgendwer irgendwelche neueren Produkte außer DVD Player mit SPAZinside gesehen?



"Mandell concluded, "We have seen positive results from both our infrastructure initiatives and our efforts to transition to new revenue sources in different product categories. In 2005, we will truly be a global company of expanded capabilities, with sensible and realistic infrastructure. We enter 2005 with greater bottom line leverage than the competition. We look forward to further capitalizing on opportunities in the mobile phone, portable media player, PC and home entertainment markets.""

Man, man nimmt da Henry nicht den Mund ein bi?chen zu voll, oder wie habe ich das zu verstehen?

Jedenfalls wird es spannend bleiben, ja spek, du fauler Sack, es riecht nach turnaround

Karo

[Snare]

Karo,

was den vollen Mund des H.Mandell betrifft - das kennen wir doch.
Hoffen wir das er diesmal hält was er so rosig für die Zukunft verspricht.

Gruß, Snare

[spekulazius]

Morsche,

wenn der Henry auf diesem Niveau die Umsätze und vor allem die Gewinne stabil hält, kann er erzählen, was er will

Im vierten Quartal hat Spaz soviel Umsatz wie Qsnd gemacht! und die traden bei knapp 5 Dollar...

Und die Aktien von SRSL sind trotz eines angekündigten Aktienrückkaufprogramms im roten Bereich...

Vielleich erkennen die Leute jetzt, daß Spaz sichtlich unterbewertet und bei den andern Dingern die Luft raus ist. Und vielleicht kommen uns bei 0,40 Dollar wieder findige Analysten mit der gleichen Entdeckung - uns zugute

Veni vidi vici
der bald noch faulere Sack

[BIOMIRA]

nun dann müssen aber die MM-s unser teilchen laufen lassen.

das ist ja ein gezottel




frohen eier-montag @ ALL ge-SPAZ-ten

[karo1]

.

[karo1]

Quarter: 1st 3/31/2004 $171
Das sollte doch zu überbieten sein?!?

Mandell rück endlich die Zahlen raus

[spekulazius]

morsche Karo,

die Supi-Zahlen kommen am Freitag, den 13ten. Ein besonders gutes und vielversprechendes Omen

[karo1]

Also die Anspielung auf mein Alter mit dem morsche Karo verbiete ich Ihnen, Herr Spektakulus.

;-)

Der Firefox bietet mir nicht die schöne Palette mit den smilies an, warum egentlich nicht?
Wer benutzt noch Firefox???

der morsche Karo

[karo1]

Ach da sind die weißen Socken geblieben.

"“We are pleased to continue our relationship with Accelerated Technology and their Nucleus RTOS. Our customers and third party developers have made a lot of progress working with the Nucleus tools and we expect these opportunities to expand as time goes forward,” said Randy Roscoe, director of marketing, PC Recording and Specialty DVD Platforms, Cirrus Logic."

March 30, 2004

Könnte ja für Spatializer auch noch was rausspringen???

[karo1]

Als der Randy damals geholt wurde, wurde es von Mandell bekannt gegeben.
Nur die Abgänge sind es scheinbar nicht wert....:-(

[wayne99]

Press Release Source: Spatializer Audio Laboratories, Inc.


Spatializer Audio Laboratories, Inc. Reports Profitable First Quarter 2005 Operating Results
Thursday May 12, 8:00 am ET
Year Over Year Revenues Increase 94%


SAN JOSE, Calif., May 12 /PRNewswire-FirstCall/ -- Spatializer Audio Laboratories, Inc. (OTC Bulletin Board: SPAZ - News) today announced financial results for the first quarter ended March 31, 2005.
ADVERTISEMENT


Revenues for the three months ended March 31, 2005 increased to $332,000, compared to revenues of $171,000 in the comparable period last year, an increase of 94%.

Net income was $10,000 for the quarter ended March 31, 2005; $0.00 basic and diluted per share, compared to net loss of ($124,000), ($0.00) per share basic, for the quarter ended March 31, 2004.

At March 31, 2005, the Company had $874,000 in cash and cash equivalents as compared to $871,000 at December 31, 2004. Working capital was $626,000 at March 31, 2005 as compared with working capital of $603,000 at December 31, 2004.

Revenues in the three months ended March 31, 2005 were higher due to continued recognition of prepaid royalties (25% of prepayment) from a major customer, for which there was no such comparable customer last year. In addition, a loss of a DVD OEM account, which comprised 44% of first quarter 2004 revenues, was replaced by revenue from another DVD OEM and two PC accounts for which there was no comparable revenue in the first quarter of 2004. As such, approximately 67% of the revenue in the quarter ended March 31, 2005 were derived from new licensing agreements with new customers entered into subsequent to March 31, 2004.

Henry R. Mandell, chairman and chief executive officer, stated, "We are pleased to have nearly doubled our revenue from the same period last year, especially when one considers that we have been transitioning our business from our traditional revenue sources in the DVD player platform into new sources of income in the PC and mobile communications segments. Our continued profitability is also noteworthy in this environment."

Mandell continued, "We have directed our efforts toward the wireless communications segment, where we can offer a stronger value proposition for our technology. We have expanded both our Asia Pacific distribution capability into southeast Asia, China and Taiwan. We have made strong inroads toward building network effects through alliances with multimedia solutions suppliers, both in hardware and software, to make our solutions more easily adoptable by OEMs. Our Asia Development Center in India gives us the engineering throughput to rapidly complete these implementations. With the release of our latest solution, Spatializer((environ)) 3G(TM), which was developed specifically to meet the audio needs of the mobile phone market, we believe we have a compelling solution to meet the challenges of this market."

About Spatializer

Spatializer Audio Laboratories Inc. is a leading developer, licensor and marketer of next-generation technologies for the consumer electronics, computing and mobile handset markets. The company`s advanced audio technology is incorporated into products from global brand leaders including Toshiba, Sanyo and Sharp, among others. Spatializer stock is traded on the OTC Bulletin Board under the symbol: SPAZ. The company is headquartered in San Jose, CA, with executive offices in Westlake Village, CA and representative offices throughout the Asia Pacific region. Further information may be obtained from the company`s web site, www.spatializer.com, Spatializer SEC filings, and by contacting the company`s Investor Relations Department at 408-453-4180 or by writing to [e-mail].

Safe Harbor Act Statement Under the Private Securities Litigation Reform Act of 1995: Certain information in this news release, including the comments by Mr. Mandell in this press release are forward looking statements that are based on management`s belief, as well as assumptions made by, and information currently available to management. While the company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the company`s financial goals will be realized. Numerous uncertainties and risk factors may affect the company`s actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the company. These uncertainties and risk factors include, but are not limited to the continued need for additional capital, dependence on new technology and intellectual property, dependence on the PC and consumer electronics industries, dependence on product shipments of third-party licensees, dependence on third-party technology integrators or chip suppliers, competition and pricing pressures, and other risks detailed from time to time in the company`s periodic reports filed with the Securities and Exchange Commission.



NOTE: Desper Products Inc. is a wholly owned subsidiary of Spatializer
Audio Laboratories Inc. Spatializer(r) and the circle-in-the-square device are
registered trademarks and Spatializer ((environ)) 3G(tm), is a trademark of
Desper Products Inc. All other trademarks are the property of their respective
owners.


SPATIALIZER AUDIO LABORATORIES, INC.
AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)

For the Three Month Period Ended
March 31, March 31,
2005 2004
Revenues:

Royalty Revenues $331,950 $170,679

331,950 170,679
Cost of Revenues 33,872 17,004
Gross Profit 298,078 153,675

Operating Expenses:
General and Administrative 151,201 166,630
Research and Development 99,290 95,482
Sales and Marketing 39,253 13,701
Total Operating Expenses 289,744 275,813

Operating Profit (Loss) 8,334 (122,138)

Interest and Other Income 2,920 941
Interest and Other Expense (1,240) (2,599)
1,680 (1,658)

Income (Loss) Before Income Taxes 10,014 (123,796)
Income Taxes -- --

Net Income (Loss) 10,014 (123,796)

Basic and Diluted Earnings (Loss) Per Share $-- $--

Weighted Average Shares Outstanding 46,975,363 47,015,865


SPATIALIZER AUDIO LABORATORIES, INC.
AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

ASSETS

March 31, December 31,
2005 2004
(unaudited)
Current Assets:
Cash and Cash Equivalents $873,904 $871,155
Accounts Receivable, net 170,610 325,712
Prepaid Expenses and Deposits 36,464 70,940
Total Current Assets 1,080,978 1,267,807

Property and Equipment, net 29,321 29,527
Intangible Assets, net 153,519 166,710
Total Assets $1,263,818 $1,464,044

LIABILITIES AND SHAREHOLDERS` EQUITY

Current Liabilities:
Note Payable 40,015 66,252
Accounts Payable 79,238 71,873
Accrued Wages and Benefits 46,786 50,446
Accrued Professional Fees -- 20,000
Accrued Commissions 17,532 32,182
Accrued Expenses 36,479 32,979
Deferred Income 234,837 391,395
Total Current Liabilities 454,887 665,127

Commitments and Contingencies

Series B-1, Redeemable Convertible
Preferred shares, $.01 par value,
1,000,000 shares authorized,
118,351 shares issued and outstanding
at March 31, 2005 and
December 31, 2004. 1,182 1,182
Shareholders` Equity:
Common shares, $.01 par value,
65,000,000 shares authorized,
46,975,365 shares issued and
outstanding at March 31, 2005
and December 31, 2004. 469,754 469,754
Additional Paid-In Capital 46,428,866 46,428,866
Accumulated Deficit (46,090,871) (46,100,885)
Total Shareholders` Equity 807,749 797,735


Total Liabilities and Equity $1,263,818 $1,464,044





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Source: Spatializer Audio Laboratories, Inc.