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Recommendations: 1
KANA Software has a trailing P/E of 1.3. Kana software is the company that merged with Broadbase Software. They did a reverse split 1:10 back in 2001. Using the split adjusted price, this is a stock that was once worth $1700.00 /share.
Revenues for the fourth quarter of 2002 were $18.7 million. Net income on a GAAP (Generally Accepted Accounting Principles) basis for the fourth quarter was $118,000 or $0.01 per share. This compares to a net loss of $24.2 million or $1.30 per share for the same period in 2001. Net income for the fourth quarter of 2002 includes a net reduction of previously accrued excess facility costs of $5.1 million or $0.22 per share.
First Quarter 2003 Outlook:
Revenues are expected to be roughly in-line with Q4 2002 results EBITDA is expected to be roughly in-line with Q4 2002 results (excluding the net reduction of previously accrued excess facility costs of $5.1 million) Full Year 2003 Outlook:
Revenues are targeted at between $75 million and $85 million for the year 2003 EBITDA is targeted to be between $7 million and $9 million for the year 2003 KANA expects to be cash flow positive for the year 2003 KANA expects GAAP profitability by the fourth quarter of 2003
http://biz.yahoo.com/bw/030128/282611_1.html
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