From Pennyville to Dollarsville! ;D
Now this baby is over 50 bucks.
What a run........just beautiful.Should have bought when I made the first post.
Chart update:
What's up?
Hi Setravis,
everything is fine with EMWV.
The facts:
1)
Endwave Reports Third Quarter 2005 Financial Results
Endwave Generated 89% Year-Over-Year Revenue Growth and Increased Pro-Forma Profitability in Q3
SUNNYVALE, CA – October 18, 2005 - Endwave Corporation (NASDAQ: ENWV), a leading provider of high-frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today reported financial results for its third quarter ended September 30, 2005.
Endwave reported revenues of $14.3 million for the third quarter of 2005, compared with revenues of $7.6 million for the third quarter of 2004 and $12.2 million for the second quarter of 2005. Cash, cash equivalents and short-term investments as of September 30, 2005 were $21.9 million compared with a balance of $22.0 million at June 30, 2005.
Net loss for the third quarter of 2005 was $193,000, or a loss of $0.02 per share, compared with a net loss for the third quarter of 2004 of $2.0 million, or a loss of $0.21 per share, and net income for the second quarter of 2005 of $318,000, or earnings of $0.03 per diluted share.
Pro forma net income for the third quarter of 2005 was $732,000, or earnings of $0.06 per diluted share, compared with a pro forma net loss for the third quarter of 2004 of $1.2 million, or a loss of $0.12 per share, and pro forma net income for the second quarter of 2005 of $424,000, or earnings of $0.04 per diluted share.
For the third quarter of 2005, pro forma net income was calculated by excluding the expensing of transaction costs for a suspended secondary offering of $773,000 and amortization of intangible assets of $152,000. For the third quarter of 2004, pro forma net loss was calculated by excluding the amortization of intangible assets of $148,000, a write-off of in-process research and development of $320,000, a write-off for the impairment of long lived assets of $389,000, and a restructuring benefit of $4,000. For the second quarter of 2005, pro forma net income was calculated by excluding the amortization of intangible assets of $152,000 and a restructuring benefit of $46,000. Management believes that excluding the items described above may permit investors to better compare results from period to period and more accurately assess the company's prospects.
"In what is typically a seasonally slow quarter, I am pleased to report that Endwave's growth continues at a rapid pace – and at $14.3 million in third quarter revenues, this represents the largest quarterly revenue total in our company's history," said Ed Keible, Endwave's CEO and President. "We have already exceeded our entire year 2004 revenues in just the first nine months of 2005, with a strong fourth quarter projected to follow," added Keible.
Endwave Third Quarter 2005 Summary:
- Recorded quarterly revenues of $14.3 million, 89% higher than the third quarter of 2004, and 17% higher than the second quarter of 2005.
- Increased revenues from sales to customers in defense electronics, homeland security systems and other non-telecom markets to $2.3 million, or 16% of total revenues, in the third quarter of 2005. This represents 51% growth in non-telecom market revenues as compared to the third quarter of 2004.
- Delivered products to over 100 customers during the quarter. The largest customers for the quarter were Nokia, Nera and Siemens.
- Achieved gross margin of 32.5% in the third quarter of 2005, and profitability during the quarter increased to 5% of revenues, on a pro forma basis.
- Expensed $773,000 of transaction costs incurred for a secondary offering that will be postponed until further notice.
- Appointed senior managers to critical new positions, including Chief Operating Officer, General Managers for both the Telecom and Defense Business Units, and Vice President of Marketing and Business Development.
- Secured follow-on orders from Raytheon Company for RF subsystems for Smart-T, an advanced satellite defense communications program.
- Received additional orders from SafeView for switch arrays used in SafeScoutTM, its advanced personnel screening portal.
- Announced the commercial introduction of a proprietary integrated transceiver board solution, EpsilonTM Packaging, which significantly reduces the cost, size, and weight of typical RF subsystems.
Follow-on Offering – Update
The company also announced today that it will postpone its planned secondary offering until further notice. The company intends to convert the registration statement on Form S-3 that it recently filed with the Securities and Exchange Commission into a "shelf" registration statement, giving Endwave greater flexibility to complete an offering of securities in the future when market conditions are conducive to such an offering. Due to the suspension of the planned secondary offering, all accumulated transaction costs were expensed in the third quarter. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
2)
ENWV: Short Interest UP 22.3% to 2.3M in Dec 2005
Wednesday, December 28, 2005 06:00 ET
According to new short interest data from NASDAQ, short interest for EndWave Corporation (NasdaqNM: ENWV) INCREASED 22.3% to 2,253,845 shares for the month ended mid-December, 2005.
SYMBOL NOVEMBER DECEMBER CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ---------- -------------
ENWV 1,842,178 2,253,845 +411,667 +22.35% 6
Based on ENWV's 20-day average daily share volume of 442,599, it would require approximately 6 day(s) of buying to cover this short interest.
3)
Financial News:
http://www.shareholder.com/endwave/releases.cfm
4)
8th Annual Needham & Company Growth Conference
Date: January 10-13, 2006
Location: New York Palace Hotel, NY
Endwave will be presenting: Jan 12th from 10:30 to 11:00 AM
Endwave Webcast: Jan. 12, 2006 at 10:30 a.m. ET
Edward Keible & Julianne Biagini to represent Endwave
For more information please see the conference site.
5)
ENWV FAQ:
http://www.shareholder.com/endwave/faq.cf
6)
Institutional holdings:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&splits=&earnings=&movingaverage=&lowerstudy=&comparison=&index=&symbol=enwv&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=Institutional&mkttype=&pathname=&page=holdings&selected=ENWV
up to 35,2%
Why is ENWV down ?
Here is the answer:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19428 / October 13, 2005
Securities and Exchange Commission v. Wood River Capital Management, LLC, et al., U.S. District Court for Southern District of New York (Civil Action No. 05-CV-8713) (NRB)
SEC FILES EMERGENCY ENFORCEMENT ACTION AGAINST JOHN H. WHITTIER AND THE WOOD RIVER HEDGE FUNDS ALLEGING FRAUD
DEFENDANTS CONSENT TO PRELIMINARY RELIEF INCLUDING THE APPOINTMENT OF A RECEIVER FOR THE TWO HEDGE FUNDS
The U.S. Securities and Exchange Commission today filed an emergency action against John H. Whittier, Wood River Capital Management, LLC, Wood River Associates, LLC, Wood River Partners, L.P and Wood River Partners Offshore, Ltd. The SEC's complaint alleges that the defendants repeatedly made material misrepresentations regarding the oversight and diversification of two hedge funds managed by Whittier--Wood River Partners, L.P. and Wood River Partners Offshore Ltd.
The complaint alleges from February 2003 to the present, investors placed tens of millions of dollars in Wood River Partners, L.P. based on promises that the fund would be broadly diversified and closely watched by an auditor. Instead, Whittier failed to have any audits conducted, allowed only a few employees to have access to the fund's portfolio and proceeded to amass an extraordinary position in one small-cap stock. By July 2005, that one security, the common stock of EndWave Corporation, accounted for more than sixty-five percent of Wood River Partners' claimed $265 million assets under management. This concentration in one stock vastly exceeded the ten percent cap on individual long positions set forth in the funds' offering memoranda. Wood River Partners purchased so many shares of EndWave stock that at one point the fund owned more than forty-five percent of that issuer's outstanding shares. But until last week, the Defendants never disclosed the size of their position in EndWave. The Defendants filed neither the stock ownership reports that were required to be filed when the fund's position exceeded five percent of the issuer's outstanding shares, nor the reports required to be filed when the fund's position exceeded 10 percent.
During the summer of 2005, Whittier launched a new hedge fund-Wood River Partners Offshore. By September, this fund also had an overwhelming concentration in EndWave. Whittier made similar misrepresentations about the diversification of this new fund, and similarly failed to disclose that he had placed the majority of its assets into one small-cap stock.
Since mid-July 2005, the price of EndWave's common stock has declined substantially. As a result, the value of the assets held by Wood River Partners, L.P. and Wood River Partners Offshore, Ltd. has decreased significantly.
The Commission alleged that the defendants violated the antifraud provisions of the Securities Act of 1933 ("Securities Act") and the antifraud and ownership reporting provisions of the Securities Exchange Act of 1934 ("Exchange Act"). The complaint also charges Defendants Whittier, Wood River Associates, and Wood River Capital Management with violations of the antifraud provisions of the Investment Advisers Act of 1940. For permanent relief, the Commission requested injunctions against future violations, disgorgement, prejudgment interest and civil penalties as to all defendants.
Simultaneous with the filing of the Commission's complaint, Defendant Whittier consented on behalf of himself and the Wood River entities to preliminary injunctions against future violations, an asset freeze as to the Wood River entities, an accounting and a partial asset freeze from Whittier, restraint from destruction of evidence, and the appointment of a receiver for the Wood River entities.
The particular violations alleged in the complaint are, as to all defendants: Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a); Sections 10(b), 13(d), 16(a) of the Exchange Act, 15 U.S.C. §§ 78j(b), 78m(d), and 78p(a), and Rules 10b-5, 13d-1, 13d-2, 16a-2 and 16a-3, 17 C.F.R. §§ 240.10b-5, 240.13d-1, 240.13d-2, 240.16a-2, and 240.16a-3; and as to Defendants Wood River Capital Management, LLC, Wood River Associates, LLC and John Hunting Whittier Sections 206(1) and (2) of the Investment Advisers Act of 1940, 15 U.S.C. § 80b-6(1) and (2).
Link:
http://www.sec.gov/litigation/litreleases/lr19428.htm
More details (24 pages):
http://www.sec.gov/litigation/complaints/comp19428.pdf
IMO this is a very undervalued stock!! Listen to the last CC.
your opinion/feedback is appreciated
Oliver
chart:
Oliver,
Nice job on the fundamentals. Applause.
ENWV looks like it's working on the Right Shoulder of an Inverse H&S bottom.
The Bearish Rising Wedge was the Left Shoulder. The downside target of about 9.45 when that broke is the Head. It looks like we're working on the Right Shoulder. The upside target if ENWV can take out 13.45-13.50 is about 17.45.
ENWV currently is sitting right at the bottom of the Kumo (Cloud), and the Tenkan Sen (thick green line) and Kijun-Sen (thick red line) have made a bullish cross. MACD is about to go above the zero line if ENWV can rally here.
In other words, the technicals are supportive of a rally, now the stock needs to capitalize on it and get going to the upside. ;D
Good luck!
please listen to the AeA conference from 7th of November:
http://www.shareholder.com/endwave/medialist.cfm
42 slides presentation with lots of information ;)
updated charts, BO soon ???
cheers
Oliver
update:
Hey Oliver,
Sorry i took so long to get back to you on this one.
Interesting story this one has.... What the upside potential is i really dont know, since the stock price was completly manipulated all the way up to the 50's. Though the financial growth looks to be good so up the stock may go.
Right now price action is in a descending wedge along with a symmetrical triangle within the wedge. A breakout from the wedge on increased volume will need to occur for me to be bullish on the stock. The below average volume lacks my interest as of right now.
As well, I don't trade stocks over $6. Good luck to yah on your trade though Oliver. And Happy new years!! Hope its a good one.
-fousc
La-onda: How do you get the StockCharts chart to display with all those indicators? I'm only able to display 3 at a time (not counting volume and bollinger bands).
Thanks,
Leaira
please use the link:
http://stockcharts.com/def/servlet/SC.web?c=enwv,uu[e,a]ehclyyay[d15][pc50!c200!c9!c14!c100!c20!d20,2!h.02,.20!f][vc60][iul14!la12,26,9!lh39,3!li14,3!lh14,3!lp14,3,3!lp5,3,3!le12,26,9!ld20!lyb20,2.0!lc20!lk14!lya7,14,28!lf!lg!lb5!lb14!lb39!lh45,17!lv25!lw25][J52583244,Y]&pref=G
if you would like to see another stock, insert your stock manually in the adress field ;)
http://stockcharts.com/def/servlet/SC.web?c=sva,uu[e,a]ehclyyay[d15][pc50!c200!c9!c14!c100!c20!d20,2!h.02,.20!f][vc60][iul14!la12,26,9!lh39,3!li14,3!lh14,3!lp14,3,3!lp5,3,3!le12,26,9!ld20!lyb20,2.0!lc20!lk14!lya7,14,28!lf!lg!lb5!lb14!lb39!lh45,17!lv25!lw25][J52583244,Y]&pref=G
chart quotation from yahoo:
>:D cheers Oliver
please check the bolinger bands
Quote from: la-onda on January 04, 2006, 03:22:09 PM
please check the bolinger bands
I rolled the dice.... :D
In @ $11.63
Endwave Announces Employee Options Acceleration
Thursday January 5, 8:03 am ET
SUNNYVALE, Calif., Jan. 5 /PRNewswire-FirstCall/ -- Endwave Corporation (Nasdaq: ENWV - News), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today announced that its Board of Directors has accelerated the vesting of certain unvested, "out-of-the-money" stock options previously awarded to employees and officers that have exercise prices of $21.00 per share or higher. As a result, options to purchase approximately 340,000 shares of Endwave stock became exercisable immediately.
As a result of the acceleration, options to purchase 338,995 shares of Endwave's common stock, which would otherwise have vested over the next three years, are now fully vested. This includes options to purchase 137,348 shares held by executive officers, options to purchase 201,647 shares held by other employees and no options held by non-employee directors. The options represent approximately 26% of the total options presently outstanding. The total weighted average option exercise price per share is $27.68.
The primary purpose of the acceleration of vesting of these options was to eliminate future compensation expense Endwave would otherwise recognize in its statement of operations with respect to these options upon the adoption of Financial Accounting Standards Board Statement No. 123 (revised 2004), Share-Based Payment ("SFAS 123®"). SFAS 123®, which was adopted by Endwave on January 1, 2006, requires that compensation expense associated with stock options be recognized in the company's statement of operations, rather than disclosed as a footnote to Endwave's consolidated financial statements.
As a result of the acceleration, Endwave expects to reduce the stock option expense it otherwise would be required to record in connection with the accelerated options by approximately $4.4 million over the next three years.
Quote from: Melf Elf on December 28, 2005, 03:54:14 PM
The upside target if ENWV can take out 13.45-13.50 is about 17.45.
In other words, the technicals are supportive of a rally, now the stock needs to capitalize on it and get going to the upside. ;D
Good luck!
Oliver,
ENWV had a nice pop in the last five minutes from 11.82 to 12.44. Looks like it's starting to capitalize on the technicals. MACD is ready to move up above the zero line. Good luck!
Quote from: setravis on January 04, 2006, 03:51:32 PM
I rolled the dice.... :D
In @ $11.63
Let's do it..... 8) Let's Rock and Roll la-onda !
Quote from: Melf Elf on January 05, 2006, 02:29:12 PM
ENWV had a nice pop in the last five minutes from 11.82 to 12.44.
Make that over 13.00. ;D Applause Oliver and setravis.
Quote from: Melf Elf on January 05, 2006, 03:40:29 PM
Quote from: Melf Elf on January 05, 2006, 02:29:12 PM
ENWV had a nice pop in the last five minutes from 11.82 to 12.44.
Make that over 13.00. ;D Applause Oliver and setravis.
Thanks for the chart work Melf....= return Applaud
I am glad that I have bought yesterday @ 11.62$ ;D >:D
thanks for TA support Melf Elf & Settravis (return applaud)
tomorrow will be fun IMO >:D
ENWV: Jumps +5.00%; Vol +210%; Last 90 Min of Trading
Thursday , January 05, 2006 16:22 ET
During the last 90 minutes of today's session, shares of EndWave Corporation (NasdaqNM: ENWV) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.
sym: ENWV @13:30 ET @CLOSE % CHANGE
---------- ----------- ----------- ------------
PRICE $12.41 $13.03 +5.00%
VOLUME 208,200 645,800 +210.18%
#TRADES 295 785 +166.10%
DAY-HI $12.47 $13.10 LATE-HI
DAY-LO $11.37 $11.37 N/A
TODAY'S RAiDAR HEADLINES for ENWV:
01/05/2006 07:11 ENWV: Filed New Form 8-K, Material Event Disclosure - 10kwizard
01/05/2006 07:04 Endwave Announces Employee Options Acceleration - PR Newswire
cheers
Oliver
Endwave Announces Preliminary Fourth Quarter 2005 Results
Thursday January 5, 6:00 pm ET
SUNNYVALE, Calif., Jan. 5 /PRNewswire-FirstCall/ -- Endwave Corporation (Nasdaq: ENWV - News), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today announced that it expects to report fourth quarter 2005 revenues of approximately $13.0 million, compared with $14.3 million in the prior quarter and $11.4 million in the fourth quarter of 2004. Revenues for 2005 are expected to be approximately $49 million, an increase of more than 45% from $33.2 million in 2004.
"During the fourth quarter, we incurred delays in some telecom orders until early 2006 which led to a quarter over quarter decrease in our telecom revenues," said Ed Keible, Endwave's CEO and President. "We are pleased to report, however, that revenue from our non-telecom business is anticipated to grow more than 20% from the third quarter of 2005, and to more than double for the year. Further, we are pleased to report significant year over year revenue growth, and believe the outlook for Endwave remains strong."
Endwave Corporation cautions that its anticipated results are preliminary based on the best information currently available and subject to completion of preparation of the financial statements and the audit of its year-end financial results.
Quarterly Conference Call Scheduled for Feb. 2
Endwave Corporation will report financial results for the fourth quarter and year ended December 31, 2005, on Thursday, February 2, 2006 at 1:30 p.m. Pacific Standard Time.
but AH down 3,3%:
http://finance.yahoo.com/q/ecn?s=ENWV
Breakout....
VolumeToday: 667,391
Avg Volume (3m): 413,272
Recent CandleStick Analysis
Bullish
Jan-04-2006 Bullish Harami
Resistance @ $13.45...13.50...14.00
Technicals
MACD is Bullish
Stochastic is Bullish
Close Above the 13-day EMA
Close above the 50-day EMA
Percentage Gainer
Last Price Quote is:
11.47%above 13-day EMA
RS Rating: 60
Fundamentals
Key Data:
Market Cap (M): $133.27
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 02/07/2006
Last Analyst Rating: Hold
Active in the pre-market la-onda....... ;D
ENDWAVE CORP (NasdaqNM:ENWV) Delayed quote data
Pre-Market (RT-ECN): 13.85 0.82 (+6.29%) Volume @......191,270
• ENDWAVE CORP Files SEC form 8-K, Entry into Material Agreement
EDGAR Online (Fri 8:01am)
link.....http://biz.yahoo.com/e/060106/enwv8-k.html
Quote from: Melf Elf on December 28, 2005, 03:54:14 PM
The upside target if ENWV can take out 13.45-13.50 is about 17.45.
setravis and Oliver,
It's indicated right at/above the neckline of the Inverse H&S.
thanks Melf Elf ;)
ENWV/NOK: Endwave in Long-Term Pact with Nokia
Friday , January 06, 2006 08:32 ET
Endwave Corporation (ENWV) signed a long-term purchase agreement with its largest customer, Nokia Corporation(NOK), covering the terms and conditions of the sale of various Endwave transceiver products to Nokia. The purchase agreement is effective as of January 1, 2006 and provides a continuous bridge from the previous multi-year purchase agreement between the companies, which concluded on December 31, 2005. The purchase agreement does not provide for an expiration date and may only be terminated by either party upon 18 months' prior written notice or upon the occurrence of certain events listed in the purchase agreement.
Corporate Announcement: Endwave Corp.
Tuesday , January 10, 2006 17:10 ET
Jan 10, 2006 (Wall Street Horizon via COMTEX) -- Earnings Quarter: Q4
Next Earnings Date: 2/2/2006
Earnings Date: Verfied
Announcement Time: During Market
Date Q4: 2/2/2006
Last Confirmation Date: 1/10/2006
Conference Call Date: 2/2/2006
Conference Call Time: 4:30 PM
Conference Number: (913)981-5581
Conference Passcode: Endwave
Broadcast Address: http://www.endwave.com
Conference link with 39 slides:
http://www.wsw.com/webcast/needham13/enwv/
setravis, you are still in??
cheers
Oliver
I will sum up th most important slides, but please listen also Q&A
Part 1:
Part 2:
Quote from: la-onda on January 12, 2006, 05:08:44 PM
setravis, you are still in??
cheers
Oliver
Hi Oliver.....Just now able to answer your question.
I have been out of my trading office all day,just getting on 3SOF site.
Yes, I'm still in. Holding tight.We need a move north ! ;D
Support yesterday at the bottom of the Kumo (Cloud). Indicated higher this morning.
no news, but downtrend ???
short squeeze will be fun:
ENWV: Short Interest UP 1.1% to 2.3M in Jan 2006
Wednesday, January 25, 2006 16:18 ET
According to new short interest data from NASDAQ, short interest for EndWave Corporation (NasdaqNM: ENWV) INCREASED 1.1% to 2,277,544 shares for the month ended mid-January, 2006.
SYMBOL DECEMBER JANUARY CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
ENWV 2,253,845 2,277,544 +23,699 +1.05% 8
Based on ENWV's 20-day average daily share volume of 302,491, it would require approximately 8 day(s) of buying to cover this short interest.
chart:
nice AH action:
http://finance.yahoo.com/q/ecn?s=ENWV
Endwave Renews Long-Term Supply Agreement with Nokia
Monday , January 30, 2006 18:35 ET
SUNNYVALE, Calif., Jan 30, 2006 /PRNewswire-FirstCall via COMTEX/ -- Endwave Corporation (Nasdaq: ENWV), a leading provider of high-frequency RF modules for telecommunications networks, defense electronics, and homeland security systems, today announced a recently executed follow-on contract with Nokia for the continued production of Endwave's current and next-generation transceivers. The purchase agreement is effective as of January 1, 2006 and provides a continuous bridge from the previous multi-year agreement between the companies, which concluded on December 31, 2005. The new purchase agreement has "evergreen" status, as it does not provide for an expiration date and may only be terminated by either party upon 18 months' prior written notice or upon the occurrence of certain events listed in the purchase agreement.
Endwave's transceivers combine high-frequency transmit and receive functions into a single, integrated, module that forms the heart of a typical digital microwave radio. These radios are commonly used in "backhaul" applications within wireless networks to transmit voice and data traffic from a remote cell site to a central office or switch. Mobile operators understand that microwave radio offers a compelling alternative to expensive leased-line options from local operators due to its rapid deployment, high quality of service, ability to upgrade network capacity as conditions demand, and ease of maintenance. As a leading supplier of integrated transceivers for mobile telecommunications applications, Endwave offers a full portfolio of RF subsystem solutions ranging from 4 GHz up through 94 GHz.
Endwave's new agreement with Nokia covers the terms and conditions of the sale of various Endwave transceiver products that provide coverage over multiple licensed microwave frequency bands. These transceivers are used as the core RF module for Nokia's FlexiHopper(TM) and FlexiHopper Plus(TM) microwave radios, which can be used for many communication needs in cellular, fixed and dedicated networks.
"We are pleased to have renewed our long-term agreement with Nokia, our largest customer for the past five years running," said Ed Keible, CEO and President of Endwave Corporation. "Our volume manufacturing capability coupled with Endwave's continual introduction of disruptive, low-cost technologies are enabling leading system vendors such as Nokia to meet the growing demand for higher bandwidth wireless communications."
Hi Oliver,
Endwave is indeed a thing of beauty!
They have a strong position in the wireless space which can be seen in their impressive customer list.
Earnings are out on Thursday and I will try to get in before that. I could see a small earning surprise in the making.
The whole WR debacle will hopefully also soon be resolved so the road can be cleared for the jouney to the north (that is obviously only if I have bought a ticket >:D).
Mike
Endwave Reports Fourth Quarter and Fiscal Year 2005 Financial Results
Achieves Year-Over-Year Revenue Growth of 47% for Fiscal 2005
SUNNYVALE, Calif. - Feb. 2, 2006 - Endwave Corporation (Nasdaq: ENWV), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today reported financial results for its fourth quarter and fiscal year ended December 31, 2005.
Revenues were $13.1 million for the fourth quarter of 2005, compared with $11.4 million for the fourth quarter of 2004 and $14.3 million for the third quarter of 2005. In accordance with U.S. Generally Accepted Accounting Principles (GAAP), net loss for the fourth quarter of 2005 was $152,000, or $0.01 per share, compared with net income for the fourth quarter of 2004 of $238,000, or $0.02 per diluted share, and net loss for the third quarter of 2005 of $193,000, or $0.02 per share.
Non-GAAP net income for the fourth quarter of 2005 was $78,000, or $0.01 per diluted share, compared with non-GAAP net income for the fourth quarter of 2004 of $459,000, or $0.04 per diluted share, and non-GAAP net income for the third quarter of 2005 of $732,000, or $0.06 per diluted share.
For the fourth quarter of 2005, non-GAAP net income was calculated by excluding transaction costs of $78,000 for a suspended secondary offering and amortization of intangible assets of $152,000. For the fourth quarter of 2004, non-GAAP net income was calculated by excluding the amortization of intangible assets of $221,000. For the third quarter of 2005, non-GAAP net income was calculated by excluding transaction costs of $773,000 for a suspended secondary offering and amortization of intangible assets of $152,000.
For the full year, total revenues were $48.7 million, compared with $33.2 million for 2004. GAAP net loss for the year ended December 31, 2005 was $874,000, or $0.08 per share, compared with GAAP net loss for 2004 of $4.4 million, or $0.45 per share. Non-GAAP net income for the year ended December 31, 2005 was $562,000, or $0.05 per diluted share, compared with a non-GAAP net loss for the year ended December 31, 2004 of $691,000, or $0.07 per share.
For fiscal 2005, non-GAAP net loss was calculated by excluding transaction costs of $851,000, amortization of intangibles assets of $631,000 and the benefit from the reversal of $46,000 of restructuring charges. For fiscal 2004, non-GAAP net loss was calculated by excluding from net loss $2.9 million of impairment and restructuring charges, $690,000 of amortization of intangibles and in-process research and development, $105,000 gain on the sale of land, and $204,000 of amortization of deferred stock compensation.
Cash, cash equivalents and short-term investments as of December 31, 2005 increased by approximately $500,000 to $22.4 million from a balance of $21.9 million as of September 30, 2005.
"We are pleased with Endwave's strong fiscal year 2005 revenue growth of more than 45 percent driven by revenue increases across all of our market segments. Our Defense Systems Division, with nearly 65 percent year-over-year growth, contributed to this strong performance and validated our strategic efforts to expand beyond the telecommunications network business," said Ed Keible, Endwave's CEO and President.
"As we enter 2006, we are excited about the expanding market opportunities for our high-frequency RF modules. Going forward, we anticipate that growth in our telecom revenues will continue to outpace that of the overall cellular infrastructure market. In the defense electronics and homeland security markets, we expect to see increased demand for high performance, microwave and millimeter-wave subsystems that are Endwave's specialty," said Mr. Keible.
Fourth Quarter Highlights:
* Revenues were $13.1 million, 15% higher than the fourth quarter of 2004.
* Products were shipped to approximately 100 customers during the quarter. The largest customers in Q4 were Nera, Nokia, and Siemens.
* Revenues attributable to customers in defense, homeland security, and other non-telecom markets comprised 22 percent of total revenues, or $2.8 million.
* Overall gross margin was 28 percent in the fourth quarter, and, excluding development fees and amortization expense, was 27 percent for the same period.
* Executed a long-term frame purchase agreement with Nokia Corporation, providing continuity with the previous multi-year purchase agreement between the companies.
* Partnered with Loea Corporation on 70/80 GHz multi-gigabit radios, powered by Endwave's advanced Epsilon® Packaging and MLMS® IC technology.
* Awarded a follow-on order from AAI Corporation for amplifiers used to power the video downlink system used in the Shadow® Tactical Unmanned Aerial Vehicle (TUAV) program.
* Extended the company-wide ISO 9001-2000 quality standard to include the more stringent Aerospace Standard AS9100 certification.
* Completed Supplier Excellence Alliance (SEA) training after being recommended by major defense primes for participation in the unique SEA lean enterprise initiative.
Conference Call
Endwave Corporation will report financial results for the fourth quarter and year ended December 31, 2005, today at 1:30 p.m. Pacific Standard Time. Investors are invited to participate in the conference call by accessing one of two methods: first, investors can listen to a live audio webcast of Endwave's quarterly conference call on the investor relations section of the company's Web site at http://www.endwave.com/investors. The webcast replay will be available on-line after the earnings call at approximately 2:30 p.m. Pacific Standard Time, and will continue to remain available for 90 calendar days after the call. Alternatively, investors may access the live conference call by dialing (913) 981-5581, and entering the passcode "Endwave". In addition, an audio telephone replay of the conference call will also be available approximately one hour following the conclusion of the call, and will continue to be available for 5 calendar days by dialing (719) 457-0820, and entering the passcode 1363407.
this is disapointing >:(
ENWV: New 52-Wk Low @ $9.450 dn 1.25%
Wednesday, February 08, 2006 10:55 ET
This is the 1st 52 WEEK LOW alert for ENWV in the past 7 calendar days.
The share price for EndWave Corporation (NASDAQ NM: ENWV) reached a new 52-week low today, trading at $9.450, down $-0.120 (-1.25%) from its previous close of $9.570.
The Company's previous 52-week low of $9.460 was set 71 days ago on November 29, 2005.
One year ago, the Company's shares closed at $21.180. The price has declined more than 55 percent since then.
At the time of this alert, the stock had traded 41,300 shares via 81 trades, 78.95% below it's 20day average of 196,156 shares.
This new 52-week low currently puts the stock:
15.78% below its 20day Moving Average of $11.220
17.24% below its 50day Moving Average of $11.418
29.24% below its 100day Moving Average of $13.355
The Company last released news on February 02, 2006:
"Endwave Reports Fourth Quarter and Fiscal Year 2005 Financial Results"
chart:
BUYINS.NET: DMGI, ENWV, ITWO, OLED, PRKR, SABA have been added to naked short lists today
Tuesday , February 14, 2006 09:29 ET
Feb 14, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists: Digital Music Group, Inc. (NASDAQ: DMGI), Endwave Corporation (NASDAQ: ENWV), i2 Technologies, Inc. (NASDAQ: ITWO), Cambridge Display Technology, Inc. (NASDAQ: OLED), ParkerVision, Inc. (NASDAQ: PRKR), Saba Software, Inc. (NASDAQ: SABA). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Endwave Corporation (NASDAQ: ENWV) engages in the design, manufacture, and marketing of radio frequency (RF) subsystems. These RF subsystems enable the transmission, reception, and processing of high speed electromagnetic signals in broadband wireless telecommunications systems, cellular telephone infrastructure networks, defense electronics systems, homeland security, and other similar systems requiring RF, microwave, and millimeter wave technology. Its products include RF modules, such as power amplifiers, low noise amplifiers, up and down converters, frequency multipliers, oscillators, synthesizers, integrated transceivers, and power amplifier switch combiners used in cellular base stations. It also offers build-to-print manufacturing services for customer designed products, such as multifunction modules, transceivers, and other key components of outdoor units. The company sells its products primarily to wireless systems integrators, defense contractors, sub-contractors, test equipment/instrumentation providers, and original equipment manufacturers. Endwave was incorporated in 1991. The company was formerly known as Endgate Corporation and changed its name to Endwave Corporation in 2000 following its merger with TRW Milliwave, Inc. Endwave is headquartered in Sunnyvale, California. With 11.31 million shares outstanding and 2.28 million shares declared short as of January 10th, there is a failure to deliver in shares of ENWV.
Is it still a thing of beauty?
Why is this stock getting punished so badly if all the other signs seem to be positive??
return of the dead ;D
Maybe we be getting ready for lift off, la-onda.... ;D
This company has been steadily increasing in revenue.
Setravis, still invested??
I have sold ENWV a few eeks ago ???
TA feedback would be appreciated
on fire today without news ;D ;D
• InPlay: Endwave breaks higher intraday to challenge its March highs around 13.50/13.75
Need us some nice volume to flow in.
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
6.68%above 13-day EMA
13.14%above 50-day EMA
RS Rating: 62
Fundamentals
Key Data:
Market Cap (M): $143.79
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 04/25/2006
Last Analyst Rating: Hold
Briefing.com comments - With Nokia (NOK 20.51 +0.08) breaking out this month (+10% so far) to a 2-yr high, it made us think of Endwave, a one-time high flyer with heavy exposure to Nokia as it's ENWV's largest customer at 47% of sales in 2005. Endwave makes RF modules primarily for telecom networks, defense electronics and homeland security systems. These RF modules include transceivers, amplifiers, synthesizers, oscillators, converters etc... It's worth noting that Wood River Capital Mgmt holds 36.7% of the stock as of Dec 2005. Last Oct, the SEC ordered all assets of Wood River, including Endwave shares, into receivership. The receiver will be required to liquidate the assets or distribute them to Wood River's investors... The stock has since taken a beating, but last month, the co hired a new CFO, Brett Wallace. He has an investment banking background with Piper and Raymond James, which should help alleviate concerns about the Wood River overhang and help restore the co's image among sell-siders... Recent results have been decent with Q4 revs of $13.1 mln, up 15% yoy, and a non-GAAP profit. With the stock challenging its March highs above what had been a solid base in the $10-14 range, the recent success of Nokia, a new CFO, and an 18% short interest, investors may want to take a look at this beaten down name. Mkt cap $153 mln, float 10.6 mln, avg vol 275K.
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
13.40%above 13-day EMA
20.79%above 50-day EMA
RS Rating: 75
Fundamentals
Key Data:
Market Cap (M): $143.79
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 04/25/2006
Last Analyst Rating: Hold
Confirming Moneystream........ ;)
Technicals
Last Price Quote is:
12.34%above 13-day EMA
23.45%above 50-day EMA
RS Rating: 84
Fundamentals
Key Data:
Market Cap (M): $165.40
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 04/25/2006
Last Analyst Rating: Hold
you are still holding or back invested?
http://www.stockta.com/cgi-bin/analysis.pl?symb=ENWV&num1=9&cobrand=windchart&mode=stock
cheers
O.
ENWV: Jumps +2.07%; Vol +116%; Last 90 Min of Trading
Monday , March 27, 2006 16:22 ET
During the last 90 minutes of today's session, shares of EndWave Corporation (NasdaqNM: ENWV) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.
sym: ENWV @13:30 ET @CLOSE % CHANGE
---------- ----------- ----------- ------------
PRICE $14.94 $15.25 +2.07%
VOLUME 170,500 368,400 +116.07%
#TRADES 250 460 +84.00%
DAY-HI $15.07 $15.30 LATE-HI
DAY-LO $14.53 $14.53 N/A
I think we are headed higher.....JMHO....
Support @ $14.26...14.05...13.85
Resistance @ $14.54
MACD is Bullish
Stochastic is Bullish
Technicals
Last Price Quote is:
7.38%above 13-day EMA
19.89%above 50-day EMA
RS Rating: 83
Fundamentals
Key Data:
Market Cap (M): $165.40
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 04/25/2006
Last Analyst Rating: Hold
update:
ENWV: Discloses Extension of Supply Agreement w/NGST
Thursday , April 13, 2006 12:08 ET
On March 31, 2006, Endwave Corporation (ENWV) executed an agreement with Northrop Grumman Space & Mission Systems Corp. ("NGST") extending the existing supply agreement between Endwave and NGST until December 31, 2006. During this contract extension, Endwave and NGST will continue to negotiate a new supply agreement. No other contract terms and conditions were affected by the extension agreement.
&
Endwave Announces Conference Call for Q1 2006 Financial Results
Tuesday , April 11, 2006 10:00 ET
SUNNYVALE, Calif., April 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Endwave Corporation (Nasdaq: ENWV), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, will report financial results for the first quarter ended March 31, 2006, on Tuesday, April 25, 2006 at 1:30 p.m. Pacific Time (PT).
Endwave will release the company's financial results at approximately 1 p.m. PT on the same day. To listen to the live conference call, please dial (913) 981-5550 (Pass code: Endwave) by 1:20 p.m. PT on April 25. Starting approximately one hour after the completion of the live call, a replay will also be available until April 28. To access the recording, dial (719) 457-0820 (Passcode: 1428473).
Investors are also invited to listen to a live and/or archived webcast of Endwave's quarterly conference call on the investor relations section of the company's Web site at http://www.endwave.com/investors . The webcast replay will be available for 90 days.
nice news, nice chart:
ENWV: Raises $45M from PIPE: Conv Preferred Stock + Warrants
Tuesday , April 25, 2006 10:12 ET
Endwave Corporation (Nasdaq: ENWV) announced that it has entered into a Preferred Stock and Warrant Purchase Agreement, effective April 24, 2006, with Oak Investment Partners XI, LP. Pursuant to the purchase agreement, Oak has purchased 300,000 shares of Series B Convertible Preferred Stock for $150 per preferred share for gross proceeds of $45 million. The preferred shares are convertible into 3,000,000 shares of common stock, for an effective purchase price of $15 per common share (Last Trade @ $13.94/Share) equivalent and an approximate 12% premium to the closing price of the Company's common stock on April 24, 2006. As part of the transaction, the Company issued a 3-year warrant granting Oak the right to purchase an additional 90,000 preferred shares at an exercise price of $150 per preferred share, which are convertible into 900,000 shares of common stock at $15 per share.
Endwave Reports First Quarter 2006 Financial Results
Tuesday April 25, 4:05 pm ET
Q1 Revenues Increase More Than 50% Year-Over-Year
SUNNYVALE, Calif., April 25 /PRNewswire-FirstCall/ -- Endwave Corporation (Nasdaq: ENWV - News), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today reported financial results for its quarter ended March 31, 2006.
Revenues were $13.7 million for the first quarter of 2006, compared with $9.1 million for the first quarter of 2005 and $13.1 million for the fourth quarter of 2005. In accordance with accounting principles generally accepted in the United States (GAAP), net loss for the first quarter of 2006 was $1.2 million, or $0.10 per share, compared with net loss for the first quarter of 2005 of $847,000, or $0.08 per share, and net loss for the fourth quarter of 2005 of $152,000, or $0.01 per share.
Non-GAAP net loss for the first quarter of 2006 was $312,000, or $0.03 per share, compared with non-GAAP net loss for the first quarter of 2005 of $672,000, or $0.06 per share, and non-GAAP net income for the fourth quarter of 2005 of $78,000, or $0.01 per diluted share.
For the first quarter of 2006, non-GAAP net loss was calculated by excluding amortization of intangible assets of $152,000 and non-cash stock compensation expense of $714,000 related to the adoption of SFAS 123®. For the first quarter of 2005, non-GAAP net income was calculated by excluding the amortization of intangible assets of $175,000. For the fourth quarter of 2005, non-GAAP net income was calculated by excluding transaction costs of $78,000 for a suspended secondary offering and amortization of intangible assets of $152,000.
Cash and cash equivalents, restricted cash and short-term investments as of March 31, 2006 were approximately $22.0 million, compared with $22.4 million at December 31, 2005.
"We are pleased to have delivered over 50% year-over-year revenue growth in the first quarter of 2006, making this the highest Q1 revenue in our history, in spite of what is typically a slower quarter due to seasonal factors," said Ed Keible, Endwave's Chief Executive Officer and President. "Sales growth was led by strong demand from Siemens and Nera, and was driven primarily by 3G network expansion in Europe."
"In addition, our quarterly revenues in defense and homeland security markets were up more than 70% year-over-year as we continued to execute on our strategy to extend our reach into new growth markets," added Mr. Keible.
First Quarter Financial Highlights:
-- Revenues were $13.7 million, up 51% compared with the year ago period,
and up 5% compared with the fourth quarter of 2005.
-- The largest customers in the first quarter were Nera, Nokia and
Siemens.
-- Revenues attributable to customers in defense electronics, homeland
security and other non-telecom markets grew to 23% of total revenues.
-- GAAP gross margin was 26%, and non-GAAP gross margin was 28%. Non-GAAP
gross margin is adjusted for amortization of intangible assets and
non-cash stock compensation expense.
Strategic Highlights:
-- Entered into a multi-year agreement with Siemens for microwave radio
modules.
-- Renewed a long-term supply agreement with Nokia that includes
next-generation products.
-- Received customer qualification of the first products based on
Endwave's Epsilon® Packaging technology.
-- Secured production orders from L-3 Communications SafeView for
next-generation Phase II switch arrays.
-- Delivered its first RoHS-compliant transceiver for the wireless
industry in anticipation of the upcoming European Union deadlines.
-- On April 24, 2006, Endwave sold preferred stock and warrants to Oak
Investment Partners XI, Limited Partnership for gross proceeds of
$45 million to fund future growth and acquisitions.
&
afterhours down:
ENDWAVE CORP (RT-ECN)
Symbol: ENWV
Last Trade: 14.19 Apr 25
After Hours Change: Down 1.24 (8.04%)
Today's Change: Up 0.84 (6.29%)
Bid: 14.00
Ask: 14.80
please also read carefully the yahoo board quotation:
In many ways, Endwave's first quarter report was an absolute monster. First quarter revenues were record for the seasonally smallest quarter. What was even more impressive is that the $13.7 revenue number was held back by a lower revenue contribution from top customer Nokia. Nokia, which seasonally provides Endwave with an average of $5-6 million a quarter, accounted for just over $3 million for this quarter based on what was effectively described as a one-time ordering hold back during the quarter (the company stated that Nokia's normal ordering was back on track in the second quarter, and that their full year internal budgeting remained strong.
Even adding just $1 million back to the quarter to normalize what the quarter would have looked like had Endwave had a normal contribution from Nokia, revenues would have surged 60% year over year, and 12% sequentially. Revenues for this quarter historically have been down. Up double digits normalized is gigantic.
Less contribution from Nokia in revenues from Nokia was more than made up by Siemens AG (the largest customer during the quarter with 30% of the total), and Nera (15% of the total). The shift in the revenue mix toward Siemens and Nera meant lower margins, as both companies are in early stages of production and have not been through the manufacturing and design modifications that Nokia has. As volumes pick up for both customers, and Nokia has returned to the fold, margins are expected to rise for the remainder of the year.
ENWV shares traded off in the after hours, which I believe was a result of a knee jerk response before fully understanding the composition of the quarter, and the outlook for the rest of the year. Consider that Nokia was a blip during the slowest quarter of the year. The outgoing CFO told investors that Endwave typically has very good visibility 90 days forward, and that Nokia's ordering patterns were back to normal. I really didn't view Nokia's ordering as a disappointment - the reality is that Nokia is white hot right now, and Endwave is an important provider of product for them.
I was also pleasantly surprise that the weakness at Powerwave during the quarter (and oh, boy, there was weakness) wasn't even felt by Endwave. Stradex, another top 5 customer last year, wasn't a 10% customer during the first quarter, but that didn't hurt the performance. In short, Endwave has over 100 customers, and that number is likely to rocket with acquistions (more on that lower).
Who did surprise on the upside? Both Siemens AG and Nera had big quarters? They more than made up for any of the normal Q1 seasonal slowness.
Upside and Opportunities:
I think there was some disappointment that Endwave did not raise the high end of its $65 million full year forecast. If that was disappointing, consider that this was Brett Wallace's first quarter at the helm (and a partial quarter, at that). I don't care if you are bringing in a new CEO or CFO, guidance will be cautious, even in the seemingly solid environment that Endwave is operating in. Keible was more willing to speaks about margins rising, revenue opportunities that weren't in their projections, and such, while Wallace spoke thoughtfully, yet carefully. Hey, that's a good thing. For all of those concerned pre-numbers about disappointments, Endwave is doing everything it can to promise less, and overdeliver. For example, even with the strong first quarter revenue growth, Endwave expects revenues to advance again sequentially in the second quarter. If the company nears $30 million by the end of the first half this year, I think it would be unrealistic to expect $65 million this year.
Also, consider what is not presently in the full year projections. Endwave numbers do not include -
1. A greater contribution this year from Nokia, which the company stated accounts for over half of the WCDMA networks around the world.
2. No new orders from L3, which has purchased Safeview. Endwave is currently working off its existing purchase order from Safeview. L3, already an existing customer of Endwave's, should significantly add to the global demand of Safeview portals. Safeview was less than a 10% customer during the quarter. One has to imagine that new production orders ready for delivery in Q4 could be on the horizon.
3. Keible mentioned that there are several "non-portal" homeland security opportunities away from Safeview that Endwave expects to win mandates from.
4. The company will deliver its first MLMS products this quarter.
One of the other things that I thought was interesting was the company's acquistion criteria. While it focuses on several different factors, the two at the top of the list are first to make deals that are immediately accretive to the existing numbers, an second is to purchase companies like JCA, which also broadens the overall customer base (Endwave is buying the business, and businesses' customers).
Endwave has always had an acquistions strategy. It hasn't had $67 million in cash on the balance sheet. The company has a knack for making attractive, smaller deals. While I think it is likely that some one off deals get announced this year, the company specifically said that having this amount of cash expands the size of their acquisition universe. Accretive + more customers + $67 million equals some activity this year.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1601151187&tid=enwv&sid=1601151187&mid=17578
ENWV: Matrix Ups to Buy from Hold; Analyst Notes
Thursday , June 08, 2006 08:19 ET
Issuer: EndWave Corporation (NasdaqNM: ENWV)
Analyst Firm: Matrix
Ratings Action: UPGRADE
Current Rating: Buy (from Hold)
Analyst Comments: Valuation and increasing demand for the company's RF equipment are catalysts for the firm's upgrade.
Endwave Announces Preliminary Fourth Quarter 2006 Results
Thursday January 4, 6:00 pm ET
SAN JOSE, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Endwave Corporation (Nasdaq: ENWV - News) today announced that it expects to report fourth quarter 2006 revenues of approximately $13.3 million, which is above the revenue outlook of $10 million to $12 million provided by the company on December 11, 2006. Revenues for 2006 are expected to be approximately $62 million, an increase of more than 25% from $48.7 million in 2005. In addition, Endwave Corporation's cash and cash equivalent balance increased by approximately $900,000 during the fourth quarter of 2006.
"As described in our update on December 11, we experienced a slowdown in revenues during the fourth quarter due to the impending merger of the network businesses of Nokia and Siemens and resulting inventory reductions by the companies. However, given the unexpected delay of the closing of the merger, we had increased demand later in December resulting in higher revenues," said Ed Keible, Endwave's CEO and President. "We are pleased to report that despite a challenging fourth quarter, we experienced substantial revenue growth during 2006, making progress in both our telecom and non-telecom businesses."
Endwave Corporation cautions that its anticipated results are preliminary based on the best information currently available and subject to completion of preparation of the financial statements and the audit of its year-end financial results.