MikeDDKing
13 years ago
Information Analysis Inc. Reports Third Quarter Profitable Results
November 11, 2010 09:00 AM Eastern Time
FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (IAIC:OTCBB) today reported results for its third fiscal quarter ended September 30, 2010. Revenues were $1,952,000 compared to $1,988,000 reported in the third quarter 2009. The information technology services company reported net income of $42,000, or $0.00 per share basic and diluted, compared to net income of $122,000 or $0.01 per share basic and diluted, in the third quarter 2009.
For the nine months ended September 30, 2010, IAI’s revenues were $5,655,000 compared to revenues of $4,787,000 for the same period in 2009. The Company reported net income of $225,000 or $0.02 per share basic and diluted, compared to net income of $66,000, or $0.01 per share basic and diluted, reported for the comparable 2009 period.
“The year to date revenue and profit in comparison to last year increased significantly. Additionally, as a result of our continuing investment in sales and marketing, we have been awarded a number of new contracts in the past few months worth in excess of 2 million dollars,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “There are still a number of bid opportunities outstanding for new business, which should allow our profitability to continue to grow.”
“We continue to pursue merger and acquisition opportunities.”
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-K for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.
Information Analysis Incorporated
Statements of Operations
Three months ended September 30,
(in thousands, except per share data; unaudited)
2010
2009
Revenue:
Professional fees $ 1,293 $ 1,302
Software sales 659 686
Total revenue 1,952 1,988
Cost of goods sold and services provided:
Cost of professional fees 723 751
Cost of software sales 593 580
Total cost of sales 1,316 1,331
Gross margin 636 657
Selling, general and administrative expense 596 536
Income from operations 40 121
Other income, net 2 1
Income before income taxes 42 122
Provision for income taxes -- --
Net income $ 42 $ 122
Earnings per common share:
Basic $ 0.00 $ 0.01
Diluted $ 0.00 $ 0.01
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,224,521 11,208,403
Information Analysis Incorporated
Statements of Operations
Nine months ended September 30,
(in thousands, except per share data; unaudited)
2010
2009
Revenue:
Professional fees $ 3,921 $ 3,601
Software sales 1,734 1,186
Total revenue 5,655 4,787
Cost of goods sold and services provided:
Cost of professional fees 2,178 2,295
Cost of software sales 1,475 931
Total cost of sales 3,653 3,226
Gross margin 2,002 1,561
Selling, general and administrative expense 1,784 1,503
Income from operations 218 58
Other income, net 7 8
Income before income taxes 225 66
Provision for income taxes -- --
Net income $ 225 $ 66
Earnings per share:
Basic $ 0.02 $ 0.01
Diluted $ 0.02 $ 0.01
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,216,833 11,207,820
Information Analysis Incorporated
Balance Sheets
As of As of
September 30, 2010 December 31, 2009
(in thousands)
(unaudited)
(audited)
ASSETS
Current assets:
Cash and cash equivalents $ 1,877 $ 1,479
Accounts receivable, net 1,667 940
Prepaid expenses 761 689
Note receivable 6 --
Total current assets 4,311 3,108
Fixed assets, net 35 42
Note receivable 13 --
Other assets 6 6
Total assets $ 4,365 $ 3,150
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 732 $ 89
Accrued payroll and related liabilities 252 255
Other accrued liabilities 621 307
Deferred revenues 805 779
Total current liabilities 2,410 1,430
Common stock, par value $0.01, 30,000,000 shares authorized;
12,839,376 shares issued, 11,196,760 outstanding 128 128
Additional paid in capital 14,564 14,554
Accumulated deficit (11,807 ) (12,032 )
Less treasury stock; 1,642,616 shares at cost (930 ) (930 )
Total stockholders' equity 1,955 1,720
Total liabilities and stockholders' equity $ 4,365 $ 3,150
Contacts
Information Analysis Inc.
Richard S. DeRose, 703-293-7901
Antisemetic Asshole30
14 years ago
INFORMATION ANALYSIS INC. GOVERNMENT CONTRACTS AND FINANCIAL STABILITY
This is not a talked about company among stock pickers, there is no hype around it but it works great in creating value for the smarter few. How come? This is how:
Information Analysis Incorporated (IAI) is in the business of modernizing client information systems, developing and maintaining information technology systems, and performing consulting services to government and commercial organizations. IAI has performed software development and conversion projects for over 100 commercial and government customers including Computer Sciences Corporation, IBM, Computer Associates, MCI, Sprint, Citibank, United States Department of Homeland Security, United States Treasury Department, United States Department of Agriculture, United States Department of Energy, United States Army, United States Air Force, United States Department of Veterans Affairs, and the Federal Deposit Insurance Corporation. The Company primarily applies its technology, services and experience to legacy software migration and modernization for commercial companies and government agencies, and to developing Web-based solutions for agencies of the federal government.
The (IAIC.OB) was founded in 1979 when I was 2 years old and (IBM) was about $15 a share or $25,000,000,000 market cap, about 800% return till today, reinvested dividend return 1750%
Many things have changed since then in IT industry and many will change, that's why IAI is a right choice at the right time. Competition is fierce in Business Software & Services sector, there will be many losers and winners just like in any other market theme but if you have to decide where to invests few pennies in IBM or IAIC, go for less to get more. As you see from the title this is about stability.
Once this stock was worth $300,000,000 today $2,000,000 for the same balance sheet, same amount of shares outstanding, same revenues. Well, it was overvalued back then and somebody lost $298,000,000, on the other hand somebody who buys now will make few millions $ or more. It all depends.
WTFact
Market Cap $2M
Shares Outstanding 11,200,000 (increased by only 1,500,000 shares in 10 years)
P/E 5
Price/Sales 0.26 (yes, they sell 4 times more than current market cap)
Return on Assets and Equity are positive, 9% and 24% (very good managed from any perspective)
Revenue $7.6M
Quarterly Revenue Growth 20%
Profit $2M
EBITDA $422K
EPS $0.04
Quarterly Earnings Growth 1200%
Cash $1.9M (market cap equals cash for info tech stock)
LT Debt $0
Insiders Own up to 20% plus there are other 116 shareholders
Total Assets $3.1M
Total Liabilities $1.4M
Resume: Numbers talk, you walk.
Sleeping for 10 years
http://www.infoa.com/Government_Clients.php
MikeDDKing
14 years ago
Information Analysis Inc. Reports Stronger Sales and Profits for the Second Quarter
On Wednesday August 11, 2010, 9:00 am
FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (OTCBB: IAIC - News) reported results for the second quarter ended June 30, 2010. Revenues were $1,688,000 compared to $1,404,000 reported in 2009’s second quarter. The Company reported net income of $78,000, or $0.01 per share, compared to net income of $6,000, or $0.00 per share in 2009’s second quarter. IAI had revenue of $3,703000, compared to $2,799,000 reported for six months ending June 30, 2009. Net income for the first six months of fiscal 2010 was $182,000, or $0.02 per share, versus a net loss of $56,000, or ($0.01) per share, in the comparable 2009 period.
“The Company’s revenue and profits continue to show profitable improvement over last year’s results,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “We have been aggressively pursuing new business opportunities to increase our order backlog, which should improve revenue results, not only for this year but for future years.
“We are actively pursuing the conversion and system modernization business as well as Adobe and Web applications.”
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the Internet world.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. These include the failure to obtain sufficient contracts, and to profitably complete those contracts. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.
Information Analysis Incorporated
Condensed Income Statements
Three months ended June 30,
(in thousands, except per share data; unaudited)
2010
2009
Sales:
Professional fees
$
1,115
$
1,198
Software sales 573 206
Total sales 1,668 1,404
Cost of goods sold and services provided:
Cost of professional fees 665 748
Cost of software sales 460 152
Total cost of sales 1,125 900
Gross margin 563 504
Operating expenses:
Selling, general and administrative 487 500
Operating income 76
4
Other income (expense)
2
2
Income before income taxes 78
6
Provision for income taxes -- --
Net income
$
78
$
6
Comprehensive Income
$
78
$
6
Net income per share:
Basic and diluted
$
0.01
$
0.00
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,222,863 11,207,620
Information Analysis Incorporated
Condensed Income Statements
Six months ended June 30,
(in thousands, except per share data; unaudited)
2010
2009
Sales:
Professional fees
$
2,628
$
2,299
Software sales 1,075 500
Total sales 3,703 2,799
Cost of goods sold and services provided:
Cost of professional fees 1,456 1,544
Cost of software sales 882 351
Total cost of sales 2,338 1,895
Gross margin 1,365 904
Operating expenses:
Selling, general and administrative 1,188 967
Operating income 177 (63 )
Other income (expense)
5
7
Income before income taxes 182 (56 )
Provision for income taxes -- --
Net income
$
182
$
(56
)
Comprehensive Income
$
182
$
(56
)
Net income per share:
Basic and diluted
$
0.02
$
(0.01
)
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,215,187 11,196,760
Information Analysis Incorporated
Condensed Balance Sheets
As of
As of
June 30, 2010
December 31, 2009
(unaudited)
(audited)
ASSETS
Current assets:
Cash and cash equivalents
$
1,932
$
1,479
Accounts receivable, net 850 940
Prepaid expenses 540 689
Total current assets 3,322 3,108
Fixed assets, net 38 36
Other assets
6
6
Total assets
$
3,366
$
3,150
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
63
$
89
Deferred revenues 680 779
Accrued payroll and related liabilities 246 255
Other accrued liabilities 467 307
Total liabilities 1,456 1,430
Common stock, par value $0.01, 30,000,000 shares authorized;
12,839,376 shares issued, 11,196,760 outstanding at
June 30, 2010, and at December 31, 2009 128 128
Additional paid in capital 14,562 14,554
Accumulated deficit (11,850 ) (12,032 )
Accumulated other comprehensive loss -- --
Less treasury stock; 1,642,616 shares at cost at
June 30, 2010, and at December 31, 2009 (930 ) (930 )
Total stockholders' equity 1,910 1,720
Total liabilities and stockholders' equity
$
3,366
$
3,150
Contact:
Information Analysis Inc.
Richard S. DeRose, 703-293-7901
MikeDDKing
14 years ago
Information Analysis, Inc. Reports Increased Sales and Profits for First Quarter
On Thursday May 13, 2010, 9:00 am
FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis, Inc. (OTCBB:IAIC - News) today reported results for the first fiscal quarter ended March 31, 2010. Revenues were $2,016,000, compared to $1,394,000 reported in 2009’s first quarter. The Company reported net income of $104,000, or $0.01 per share, compared to a net loss of $62,000, or $(0.01) per share, in the first quarter 2009.
“The Company’s revenue and profits have improved in the first quarter in comparison to the first quarter of 2009,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “We have been aggressively pursuing new business opportunities to increase our order backlog, which should improve revenue results, not only for this year but for future years.
“We are actively pursuing the conversion and system modernization business as well as Adobe and Web applications.”
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the Internet world.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.
Information Analysis Incorporated
Condensed Income Statements
Three months ended March 31,
(in thousands, except per share data; unaudited)
2010
2009
Net revenue:
Professional fees $ 1,513 $ 1,101
Software sales 502 293
Total revenue 2,015 1,394
Cost of goods sold and services provided:
Cost of professional fees 790 796
Cost of software sales 422 198
Total cost of sales 1,212 994
Gross margin 803 400
Operating expenses:
Selling, general and administrative 701 466
Operating income (loss) 102 (66)
Other income 2 4
Income loss before income taxes 104 (62)
Provision for income taxes -- --
Net income (loss) $ 104 $ (62)
Net income (loss) per share:
Basic $ 0.01 $ (0.01)
Diluted $ 0.01 $ (0.01)
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,202,893 11,196,760
Information Analysis Incorporated
Balance Sheets
As of:
March 31, 2010
As of:
December 31, 2009
(in thousands, unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 1,379 $ 1,479
Accounts receivable, net 1,794 940
Prepaid expenses 939 689
Total current assets 4,112 3,108
Fixed assets, net 36 36
Other assets 6 6
Total assets $ 4,154 $ 3,150
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 505 $ 89
Deferred revenue 1,114 779
Other accrued liabilities 448 307
Accrued payroll and related liabilities 257 255
Total liabilities 2,324 1,430
Common stock, par value $0.01, 30,000,000 shares authorized; 12,839,376 shares issued, 11,196,760 outstanding 128 128
Additional paid-in capital 14,560 14,554
Accumulated deficit (11,928) (12,032)
Less treasury stock; 1,642,616 shares at cost (930) (930)
Total stockholders' equity 1,830 1,720
Total liabilities and stockholders' equity $ 4,154 $ 3,150
Contact:
Information Analysis, Inc.
Richard S. DeRose, 703-293-7901
MikeDDKing
14 years ago
Information Analysis Inc. Reports Profitable Results for 2009
On Tuesday March 30, 2010, 9:00 am
FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (IAIC:OTCBB) today reported results for its fourth fiscal quarter ended December 31, 2009. Revenues were $1,924,000, compared to $1,651,000 reported in the fourth quarter 2008. The information technology services company reported net income of $98,000, or $0.01 per share basic and diluted, compared to a net loss of $102,000 or ($0.01) per share basic and diluted, in the fourth quarter 2008.
For the year ended December 31, 2009, IAI’s revenues were $6,711,000, compared to revenues of $6,693,000 for the same period in 2008. The Company reported net income of $164,000, or $0.01 per share basic and diluted, compared to a net loss of $372,000, or ($0.03) per share basic and diluted, reported for the comparable 2008 period.
“The Company increased revenue and profit in the fourth quarter and for the year in comparison to last year’s results. Additionally, as a result of increased sales efforts, our proposal volume has been steadily climbing,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “We expect to turn this effort into better results for 2010.”
“We continue to pursue merger and acquisition opportunities.”
About Information Analysis Incorporated
Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.
Additional information for investors
This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-K for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.
Information Analysis Incorporated
Statements of Operations
Three months ended December 31,
(in thousands, except per share data; unaudited) 2009 2008
Revenue:
Professional fees $ 1,337 $ 857
Software sales 587 794
Total revenue 1,924 1,651
Cost of goods sold and services provided:
Cost of professional fees 806 642
Cost of software sales 523 667
Total cost of sales 1,329 1,309
Gross margin 595 342
Selling, general and administrative expense 499 450
Income (loss) from operations 96 (108 )
Other income, net 2 6
Income (loss) before income taxes 98 (102 )
Provision for income taxes -- --
Net income (loss) $ 98 $ (102 )
Earnings (loss) per common share:
Basic $ 0.01 $ (0.01 )
Diluted $ 0.01 $ (0.01 )
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,209,026 11,196,760
Information Analysis Incorporated
Statements of Operations
Year ended December 31,
(in thousands, except per share data; audited) 2009 2008
Revenue:
Professional fees $ 4,938 $ 4,950
Software sales 1,773 1,743
Total revenue 6,711 6,693
Cost of goods sold and services provided:
Cost of professional fees 3,102 3,669
Cost of software sales 1,453 1,348
Total cost of sales 4,555 5,017
Gross margin 2,156 1,676
Selling, general and administrative expense 2,002 2,069
Income (loss) from operations 154 (393 )
Other income, net 10 21
Income (loss) before income taxes 164 (372 )
Provision for income taxes -- --
Net income (loss) $ 164 $ (372 )
Earnings per share:
Basic $ 0.01 $ (0.03 )
Diluted $ 0.01 $ (0.03 )
Shares used in calculating earnings per share:
Basic 11,196,760 11,196,760
Diluted 11,207,905 11,196,760
Information Analysis Incorporated
Balance Sheets
As of
December 31, 2008 As of
December 31, 2009
(in thousands) (audited) (audited)
ASSETS
Current assets:
Cash and cash equivalents $ 1,479 $ 1,549
Accounts receivable, net 940 1,122
Prepaid expenses 689 470
Other assets - 1
Total current assets 3,108 3,142
Fixed assets, net 36 56
Other assets 6 6
Total assets $ 3,150 $ 3,204
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 89 $ 802
Deferred revenues 779 603
Other accrued liabilities 307 31
Accrued payroll and related liabilities 255 214
Income taxes payable -- 2
Total liabilities 1,430 1,652
Common stock, par value $0.01, 30,000,000 shares authorized;
12,839,376 shares issued, 11,196,760 outstanding 128 128
Additional paid in capital 14,554 14,550
Accumulated deficit (12,032 ) (12,196 )
Less treasury stock; 1,642,616 shares at cost (930 ) (930 )
Total stockholders' equity 1,720 1,552
Total liabilities and stockholders' equity $ 3,150 $ 3,204
Contact:
Information Analysis Inc.
Richard S. DeRose, 703-293-7901
Rawnoc
14 years ago
Alion Receives a $1.9M Air Force Task Order to Improve Inspection Methods and
Tools for Flight-Critical Structures
Technology Solutions Company to Evaluate Non-Destructive Inspections, Recommend
Enhancements, and Develop Tools to Ensure Fleet-Wide Safety
MCLEAN, Va., Jan 06, 2010 (BUSINESS WIRE) -- The U.S. Air Force awarded Alion
Science and Technology, an employee-owned technology solutions company, a task
order valued at $1.9 million to enhance the safety of flight-critical airframe
structures. To support the Air Force's efforts to modernize, the program will
focus on improving non-destructive inspection (NDI) methods used to evaluate the
integrity of fielded aircraft structures. NDI is employed to identify defects in
materials and structures under various conditions without harming the component's
integrity during the inspection process.
The NDI Improvement Program Phase II task order was awarded under the Advanced
Materials, Manufacturing and Testing Information Analysis Center (AMMTIAC)
contract. On this task order, Alion will evaluate more than 125 inspections and
recommend improvements to current NDI procedures. Additionally, Alion will
develop new inspection tools and validate their performance through a probability
of detection study. The study will determine the likelihood of finding defects,
such as cracks, and will help accelerate the transition of new technology and
inspection equipment.
This award follows Alion's independent audit of NDI procedures on flight-critical
structures across the Air Force fleet. During this previous effort Alion
recommended improvements to more than 90 NDI procedures and developed two new NDI
tool kits with more than 20 new NDI probes.
"Alion's non-destructive inspection expertise, experience and procedure audits
will help the Air Force enhance its inspectors' abilities to more reliably detect
structural defects. This in-turn will improve safety fleet-wide," said Chris
Amos, Alion Senior Vice President and Manager of the Technology Solutions Group.
"Alion's subject matter experts will support the development and validation of
new NDI technology, such as probes and tool kits, which will lead to modernizing
the Air Force's inspection procedures and tools."
Sponsored by the Defense Technical Information Center (DTIC), AMMTIAC is a
Department of Defense Information Analysis Center (IAC) operated by Alion.
AMMTIAC is responsible for acquiring, archiving, analyzing, synthesizing and
disseminating scientific and technical information related to advanced materials,
manufacturing and testing. As one of 10 IACs, AMMTIAC meets the needs of the
warfighter as well as those of the greater advanced materials, manufacturing and
testing community by providing comprehensive support to the nation's defense
systems and infrastructure across the entire life-cycle.
Alion has partnered with Texas Research Institute and UniWest on this new task
order that runs through December 20, 2010. The work is sponsored by the USAF NDI
Program Office, ATTN: AFRL/RXS-OL, Bldg 3220, Room 112, 4750 Staff Drive, Tinker
AFB, OK 73145.
About Alion Science and Technology
Alion Science and Technology (pronounced: ah-LYE-un) is an employee-owned
technology solutions company delivering technical expertise and operational
support to the Department of Defense, civilian government agencies and commercial
customers. Building on 70 years of R&D and engineering experience, Alion brings
innovation and insight to multiple business areas: defense operations; modeling &
simulation; wireless communication; industrial technology; chemical, biological,
nuclear & environmental sciences; information technology; and naval architecture
and marine engineering. Based in McLean, Va., Alion has employee-owners at major
offices, customer sites and laboratories worldwide. For more information, call
877.771.6252 or visit Alion online at http://www.alionscience.com.
This press release contains information about management's view of Alion's future
expectations, plans and prospects that constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those indicated by
these forward-looking statements as a result of a variety of risk factors and
uncertainties discussed in documents periodically filed by Alion with the SEC.
Due to such uncertainties and risks, readers are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of the date
hereof.
SOURCE: Alion Science and Technology
Alion Science and Technology
Peter J. Jacobs, 703-269-3473
pjacobs@alionscience.com
Copyright Business Wire 2010
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