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ATSX - Revenues Up 379 Percent

Started by ssubirias3, September 14, 2005, 01:04:02 PM

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ssubirias3

News just out on ATSI.  Here's the news article.  Couldn't resist, I'm in at .20.  Anyone else watching this one?

NEWS::::::::::;
September 14, 2005 - 12:08 PM EDT     

ATSI Revenues Up 379 Percent

ATSI on Track to Eclipse $1 Million Mark in September
SAN ANTONIO, Texas, Sept. 14, 2005 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX) announced today that the Company's revenues for the Fiscal Year ended July 31, 2005 were $6 million. In comparison, this is a 379% increase over the previous Fiscal Year ended July 31, 2004. The Company also produced record revenues of $1,852,000 for the final quarter of FY2005 resulting in a 4th consecutive quarter of record revenues since its reincorporation. In addition, the Company reported that its core VoIP business is on track to eclipse the $1 million revenue mark for the month of September. Complete financial results for FY2005 will be announced along with the Company's filing of its annual report on form 10KSB with the Securities and Exchange Commission. The Company anticipates a timely filing of its 10KSB to occur on or before October 28, 2005.

Arthur L. Smith, CEO of ATSI stated, "We have demonstrated consistency in growing our core VoIP business over the past 14 months. The trend continues and we expect to report a 5th consecutive quarter of record revenues since our reincorporation. We look forward to communicating our accomplishments during FY2005 as well as recent achievements."

The Company also announced today that a $510,000 adversary claim filed by the Trustee representing TeleSpan, Inc. against ATSI has been dismissed without payment or promise of any consideration. In addition, a lawsuit filed in Bexar County, Texas by ATSI against Vianet Communications, Inc. involving a $2 million claim was settled out of court. Additional disclosure related to these dismissed or settled litigation matters will be included in the Company's 10KSB.

ATSI Communications, Inc. is an emerging global VoIP carrier serving rapidly expanding markets in Asia, Europe, the Middle East, and Latin America, with an emphasis on Mexico. ATSI believes that it has clear advantages over its competition through its strategic partnerships with established foreign carriers and network operators, interconnection and service agreements, and its unique concession license in Mexico.

This news release contains forward-looking statements. These statements describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. More detailed information about ATSI Communications, Inc. is available in the Company's public filings with the Securities and Exchange Commission.

CONTACT:  The Eversull Group
          Jack Eversull
          972-991-1672
          972-991-7359 (fax)
          [email protected]
          www.atsi.net

Source: PrimeZone (September 14, 2005 - 12:08 PM EDT)

News by QuoteMedia


setravis

Ok ...let's Rock and Roll....I'm with you on this one!!!
In @ 0.18
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

Hey Guys,

I put in a bid at .171, then moved it to .18.. late in the afternoon...but, it the ask wouldn't budge...so, it appears traders are holding there shares tight in anticipation of higher prices.

Now, i think i regret not moving my bid up.

Well...maybe tomorrow....very nice...looks strong.

good luck ;D

julia

thanks for your buy post Setravis :D

ssubirias3

Normally I wouldn't buy a stock that trades this thin on volume; didn't see that prior to pulling the trigger.  Live and learn.

This was a stocks I was hoping to flip on news when I picked it up on 9/14/05.  I was expecting a bigger run since there were 3 good announcements in the one PR.  Goes to show you never know about these kinds of stocks.

Can I get some help on this chart?  This one's not so clear to me.  I think the stock closed on a good sign, but really would like some feedback on this one, please.

Thanks in advance!




setravis

I think it closed on a good note on Friday.
I am still holding my position.
We did have thin volume...I think this is soon to change for the better.
Oct-07-2005 Bullish Harami candlestick pattern formed.
I will hold to get possible conformation on this bullish harami.
Support @ 0.17...0.16...0.15
Resistance @ 0.18...0.20...0.21...0.24
MACD is bullish
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

runforthedoor


Not in this, but uptrend intact and the news behind that I've looked at it looks solid. If I were in, I'd hold on here.  ;D

setravis

Getting a move..... ;D
+21.05%.........Volume @ 232,048
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

We are looking soooooo goooood, ssubirias3.. :o ;D
We finally got that move.... ;)
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Hey, hey,hey, broke through the 200-day MA.. ;D
Falling Wedge (reversal)
Support @ 0.32...0.29...0.26
Macd is Bullish
Stochastic is Bearish

Recent CandleStick Analysis
Bullish
Oct-14-2005 Bullish Kicking 
Oct-12-2005 Bullish Engulfing

Applaud this pick....... ssubirias3  ;) 
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

ssubirias3

Thanks Setravis!  Appreciate the applauds.  I cashed out of this on Friday when I hit my profit goal.  I'm definitely thinking of getting  back into this one on any signs of weakness. 

If I had to guess a 10Q should be out some time soon.  And based on the PR that caused me to buy this stock in the first place... we could be looking at the companies 5th consecutive quarter with nice numbers.

Good luck to ya Setravis, this one is going to be HUGE!

setravis

Moving back to the upside.....Let's Rock!! 8)
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

Good revenue news just out early afternoon

2005-12-15 13:35:13 
ATSI Announces First Quarter Results 


SAN ANTONIO, Dec. 15, 2005 (PRIMEZONE) -- ATSI Communications, Inc. (OTCBB:ATSX)
today announced results for the fiscal quarter ended October 31, 2005. Revenues
for the 1st quarter totaled $2,322,000, a 176% increase over the previous year's
1st quarter ended October 31, 2004. The increase in revenue for the quarter
resulted in the 5th consecutive quarter of record revenues for the Company since
ATSI's reincorporation. In addition, the Company reported that it has continued
improving its balance sheet by eliminating $1.2 million in current liabilities
associated with the sale of an ATSI subsidiary in Mexico that ceased operations
in May 2003. As a result of the sale, the Company also recognized a gain of $1.6
million for the quarter. Consequently, ATSI produced a net income for the 1st
quarter ended October 31, 2005 of $1.2 million or $0.11 basic earnings per share
based on the weighted average of common shares outstanding vs. a net loss of
$51,000 or ($0.01) basic loss per share based on the weighted average of common
shares outstanding for the previous year's 1st quarter ended October 31, 2004.

In addition to producing record revenues and improving its balance sheet, other
highlights for the quarter include:

-- ATSI signed an agreement with NexTone Communications to continue
expanding its NexTone Multiprotocol Signaling Switch ("MSW") and
Multiprotocol Session Controller ("MSC"). The Company expanded
port capacity by 65 percent and purchased the NAT Proxy ("NPX")
product for the expanded system to support continued growth.

-- ATSI secured an accounts receivable factoring agreement with CSI
Business Finance, Inc. that provides ATSI with capital to fund
its growth initiatives and allows the company access to
additional capital in the future as revenues increase.

Arthur L. Smith, CEO of ATSI stated, "We are off to a great start in FY2006. We
continued the successful execution of our core VoIP business by producing the
5th consecutive quarter of record revenues since our reincorporation while
making a significant improvement to our balance sheet. We also were able to
expand our VoIP network capacity and secure a non-dilutive financing arrangement
to facilitate future growth." Mr. Smith added, "We are also pleased to report
that we reduced our legal and professional fees by over $200,000 during the
quarter when compared to the same period in our previous fiscal year. Our
management team is committed to maintaining rigorous expense controls and
expects this trend to continue during FY2006."

Excluding non-cash items, net loss for the 1st quarter ended October 31, 2005
was $98,000 vs. a net loss of $419,000 for the previous year's 1st quarter ended
October 31, 2004. During the quarter, the Company incurred $228,000 in non-cash
compensation associated with stock and warrants issued for services. Additional
non-cash items incurred during the quarter include depreciation and amortization
expense and preferred dividend expense.

Net loss before non-cash items is not a term defined by generally accepted
accounting principles (GAAP) and may not be comparable to other similarly titled
measurements used by other companies. Such non-GAAP measures should be
considered in addition to, and not as a substitute for, performance measures
calculated in accordance with GAAP. The accompanying table includes a detailed
reconciliation of net income reported in accordance with GAAP to net loss before
non-cash items.

ATSI Communications, Inc. is an emerging global VoIP carrier serving rapidly
expanding markets in Asia, Europe, the Middle East, and Latin America, with an
emphasis on Mexico. ATSI believes that it has clear advantages over its
competition through its strategic partnerships with established foreign carriers
and network operators, interconnection and service agreements, and its unique
concession license in Mexico.

Except for the historical information contained herein, the matters discussed in
this release include certain forward-looking statements, which are intended to
be covered by the safe harbor provided by Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. We have identified
forward-looking statements by using words such as "expect," "believe," "should,"
"may," "intend," and "anticipate" or words of similar import. Those statements
include, but may not be limited to, all statements regarding our management's
intent, belief and expectations, such as statements concerning our future and
our operating and growth strategy. Although we believe our expectations are
reasonable, our operations involve a number of risks and uncertainties, and
these statements may turn out not to be true. These risks and uncertainties
include the assumption that we will continue as a going business; our inability
to predict or anticipate changes in regulations or the actions of domestic and
foreign governments; and the continued availability of funds in amounts and on
acceptable terms. More detailed information about ATSI Communications, Inc. is
available in the Company's public filings with the Securities and Exchange
Commission. We believe that the assumptions underlying the forward- looking
statements included in this release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements included
herein, the inclusion of such information should not be regarded as a
representation by us or any other person that our objectives and plans will be
achieved. All forward-looking statements made in this release are based on
information presently available to our management. We assume no obligation to
update any forward-looking statements, except as required by law.

ATSI COMMUNICATIONS, INC.
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)


Three months ended October 31,
------------------------------
2005 2004
------------------------------
OPERATING REVENUES:
Carrier services $2,313 $769

Network services 9 73
---------- ---------

Total operating revenues 2,322 842

OPERATING EXPENSES:
Cost of services (exclusive of
depreciation and amortization,
shown below) 2,240 772
Selling, general and administrative 153 250
Legal and professional fees 27 239
Non-cash issuance of common stock and
warrants for services 48 --

Non-cash stock-based compensation,
employees 180 --

Depreciation and amortization 22 23
---------- ---------

Total operating expenses 2,670 1,284
---------- ---------

OPERATING (LOSS) (348) (442)

OTHER INCOME (EXPENSE):

Debt forgiveness income -- 460

Gain on disposal of investment 1,652 --
Interest expense (16) (31)
---------- ---------

Total other income (expense), net 1,636 429

NET INCOME (LOSS) 1,288 (13)

LESS: PREFERRED DIVIDENDS (41) (38)
---------- ---------

NET INCOME (LOSS) TO COMMON
STOCKHOLDERS $1,247 ($51)
========== =========

BASIC INCOME (LOSS) PER SHARE $0.11 ($0.01)
========== =========

DILUTED INCOME (LOSS) PER SHARE $0.04 ($0.01)
========== =========
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING 10,945,338 3,598,383....WHAT?!
========== =========[/b]
NET INCOME (LOSS) TO COMMON
STOCKHOLDERS: $1,247 ($51)
---------- ---------
EXCLUDING NON-CASH ITEMS:

Non-cash issuance of common stock and
warrants for services 48 --

Non-cash stock-based compensation,
employees 180 --

Depreciation and amortization 22 23

Debt forgiveness income -- 460

Gain on disposal of investment 1,652 --
Interest expense (16) (31)
Preferred Dividends (41) (38)

NET INCOME (LOSS) TO COMMON
STOCKHOLDERS:
EXCLUDING NON-CASH ITEMS: ($98) ($419)
---------- ---------



Malum2006

So I understand, what does this exactly mean to me?

"Net loss before non-cash items is not a term defined by generally accepted
accounting principles (GAAP) and may not be comparable to other similarly titled
measurements used by other companies. Such non-GAAP measures should be
considered in addition to, and not as a substitute for, performance measures
calculated in accordance with GAAP. The accompanying table includes a detailed
reconciliation of net income reported in accordance with GAAP to net loss before
non-cash items"


ALSO,
"WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING 10,945,338 3,598,383."

Does that mean they issued 7346955 shares to themselves since '04? Is that dilution priced in?

What exactly is the PPS, .11? And it is trading at .26?  Is that a normal ratio?

Sorry, I have only questions. I am sketch yabout nano-caps...been burned before.

traderich


setravis

End of the day chart ...Wednesday.
Closed above the 50/200-dma.
Symmetrical Triangle (continuation) Pattern
Maybe it will get a break to the upside today.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis