Cot.V vs TMBS (and more b2b)Here is a little comparison of Timberline and Conac. The finanial data was taken from their respective web sites. The bit I tacked on at the end is from a the Q3 PR and goes nicely with the b2b post earlier
July 19 -- Timberline
share price 6.19 (sept 7) --6 months ago 12.25
Revenue for the quarter ended June 30, 2000 was
$12,141,000, a decrease of 9% from $13,271,000
for the same quarter a year ago. Net income for the
quarter decreased to $589,000 or $.05 per diluted
share compared to net income of $2,255,000 or
$.17 per diluted share for the second quarter of
1999.
For the six months ended June 30, 2000, the
Company's net income decreased to $1,537,000 or
$.12 per diluted share on revenue of $24.5 million
compared to net income of $4,485,000 or $.34 per
diluted share on revenue of $26.6 million for the like
period a year ago.
Conac
share price .41 sept 7 -- six months ago $1.00-1.19
Gross Revenue 1,969,291 1,381,910 587,381 42.51% Increase
Gross Profit 1,181,875 427,576 754,299 176.41% Increase
(From the Q3 press release) The success of the Conac Software Support Center does not rely exclusively on the
software program. It is a testament to our staff that the procedures and processes we have
implemented in conjunction with the Conac Software Support Center have positioned us to again
push the sales process to the next level. Now that our infrastructure is in place and we have
tested it with a significant influx of new customers, we expect that our sales will again soar in
the last half of the calendar year 2000.
Clearly, the next generation of computer technology is rooted in the B2B. Essentially, this
technology is the ultimate expression of information integration. B2B technology promises a
world where one piece of information is entered only one time. Consider the cash flow
ramifications to a construction company if from one entry, material is purchased, received,
accounted for and billed. Along the way, the suppliers can instantly communicate availability,
pricing and shipping information. Ultimately, the customer receives accurate billing information
and the contractor gets paid in a timely manner. Imagine the market impact the provider of such
efficiency commands when the opportunity applied to the trillion-dollar construction industry.
Our strategy for taking advantage of this gigantic opportunity is a multi-pronged approach. The
first priority is to continue the establishment of relationships with software manufactures that
provide complimentary software tools. As we integrate our software with theirs, the effect on
sales is dramatic since we can share our customer base. A prospect referred from a
manufacturer is always preferable. Further, such referrals tend to make the sales process far
more efficient for us and beneficial for the end user. These relationships have been established
with several strong software-manufacturing firms such as Trade Service Corporation of San
Diego, California and McCormick Systems of Mesa, Arizona. The efficiency of pooling
marketing resources, integrating technology and sharing end-user solutions is an incredibly
powerful story.
The second facet of our approach to the B2B market lies in the acquisition of software
companies that expand our customer and market base. The kind of companies with whom we are
presently negotiating, offer software solutions complimentary to our offering, have the capability
of providing true B2B solutions and are well established in the industries they serve. We are
very excited about the opportunities that lay before us in the near term with respect to this
corporate strategy. Furthermore, the management infrastructure we have labored to define and
implement will serve us well as we incorporate a greater market and larger customer base.
Friction