Message From NIHK CEO - Nighthawk Anticipates Highest Revenue Q in 4 Years
Good morning!
I hope that everyone had a great weekend. The following release went out Friday after the market closed, and gives some guidance on revenues for the 2nd quarter that just ended June 30th. It was a great quarter – the highest revenue quarter that we’ve had in four years!
The only larger quarter in the history of the company was when we received a huge order for rebooting units for AT&T wireless stores that we worked on back in late 2002 and early 2003. As the release states, the majority of the growth has come from sales of our CEO700 units to electric utilities. The early stages of an expanding rep network, coupled with sales to existing customers, have led to the surge in revenues, and I think we are just getting started. We have not yet had an official release of our UtilityWebConnect software, but have begun some initial test marketing on it. We have been working for about six months with El Paso Electric, one of our largest utility customers, on refining the functionality of the software. It is fully operational and being utilized by El Paso today for remote connect and disconnect of power.
They have over 600 devices in the system, which allows them to ‘point and click’ to perform connects and disconnects, and the softward allows them to run different reports for their own internal use. We are now establishing a user-friendly interface on top of the existing system which will give our customers a ‘dashboard’ that can be easily understood and utilized to perform the necessary functions. Once this piece is in place this quarter, we will begin marketing the software and associated services heavily to both new and existing customers. This should provide additional revenues to Nighthawk, and make it easier for our customers to use more units. More units means more revenues. As we continue to move forward, we’ll add additional functionality to our products that will make them even more valuable to our customers.
I look forward to sharing those developments, and the strategy behind doing so, as we move forward over the next few weeks. The opportunities that we have in the electric utility marketplace are so great, that I think you will see a heavy concentration of effort and sales in this area as opposed to other markets over the near term. The opportunities and volumes are there, and I believe focus in this area will provide the quickest path to positive cash flows for the Company.
Have a great week!
Doug
H. Douglas Saathoff
Chief Executive Officer
Nighthawk Systems, Inc.
Nighthawk Systems Provides Guidance on Second Quarter 2007 Results
--Largest Revenue Quarter in Four Years--
SAN ANTONIO, TX - 7/13/07 - Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today discussed financial results expected to be included in the filing next month of its Form 10-QSB for the quarter ended June 30, 2007. Boosted by strong sales to electric utility customers, the Company expects to report its highest quarterly revenue results in four years, with revenues increasing more than 50% over the first quarter of 2007 and approximately 35% over the same quarter in 2006.
These improved results were largely driven by increased sales and shipments of Nighthawk’s CEO700 whole house disconnect units to electric utility customers, which reached an all-time high for a fiscal quarter. More than 75% of revenues for the quarter were generated by sales to electric utility customers. The Company’s CEO700 allows electric utilities to connect and disconnect power to a customer by sending a wireless message to the meter-based unit, thereby avoiding the time and expense historically associated with dispatching a truck and personnel to the site to manually perform the task.
H. Douglas Saathoff, Nighthawk’s CEO commented, “I’m very, very pleased with the revenue results from the second quarter of this year, and very encouraged by the size and frequency of the orders that we are receiving from the electric utility market. The high costs associated with manual connect and disconnect methods is not going away, and cannot be ignored as utilities seek ways to cut costs without sacrificing levels of service to their customers. I’m optimistic about the near term opportunities that we can generate with the introduction of our hosted software solution that will make it even easier for our customers to manage and utilize their Nighthawk devices. We have built a solid track record with the CEO700, and I believe that planned enhancements to the product, combined with the hosted software interface, will even more firmly establish Nighthawk Systems as the wireless solutions provider of choice for utility automation needs.”
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
Forward-looking statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact:
Nighthawk Systems, Inc.
Doug Saathoff, 877-7-NIGHTHAWK, ext. 701
dsaathoff@nighthawksystems.com
I hope that everyone had a great weekend. The following release went out Friday after the market closed, and gives some guidance on revenues for the 2nd quarter that just ended June 30th. It was a great quarter – the highest revenue quarter that we’ve had in four years!
The only larger quarter in the history of the company was when we received a huge order for rebooting units for AT&T wireless stores that we worked on back in late 2002 and early 2003. As the release states, the majority of the growth has come from sales of our CEO700 units to electric utilities. The early stages of an expanding rep network, coupled with sales to existing customers, have led to the surge in revenues, and I think we are just getting started. We have not yet had an official release of our UtilityWebConnect software, but have begun some initial test marketing on it. We have been working for about six months with El Paso Electric, one of our largest utility customers, on refining the functionality of the software. It is fully operational and being utilized by El Paso today for remote connect and disconnect of power.
They have over 600 devices in the system, which allows them to ‘point and click’ to perform connects and disconnects, and the softward allows them to run different reports for their own internal use. We are now establishing a user-friendly interface on top of the existing system which will give our customers a ‘dashboard’ that can be easily understood and utilized to perform the necessary functions. Once this piece is in place this quarter, we will begin marketing the software and associated services heavily to both new and existing customers. This should provide additional revenues to Nighthawk, and make it easier for our customers to use more units. More units means more revenues. As we continue to move forward, we’ll add additional functionality to our products that will make them even more valuable to our customers.
I look forward to sharing those developments, and the strategy behind doing so, as we move forward over the next few weeks. The opportunities that we have in the electric utility marketplace are so great, that I think you will see a heavy concentration of effort and sales in this area as opposed to other markets over the near term. The opportunities and volumes are there, and I believe focus in this area will provide the quickest path to positive cash flows for the Company.
Have a great week!
Doug
H. Douglas Saathoff
Chief Executive Officer
Nighthawk Systems, Inc.
Nighthawk Systems Provides Guidance on Second Quarter 2007 Results
--Largest Revenue Quarter in Four Years--
SAN ANTONIO, TX - 7/13/07 - Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today discussed financial results expected to be included in the filing next month of its Form 10-QSB for the quarter ended June 30, 2007. Boosted by strong sales to electric utility customers, the Company expects to report its highest quarterly revenue results in four years, with revenues increasing more than 50% over the first quarter of 2007 and approximately 35% over the same quarter in 2006.
These improved results were largely driven by increased sales and shipments of Nighthawk’s CEO700 whole house disconnect units to electric utility customers, which reached an all-time high for a fiscal quarter. More than 75% of revenues for the quarter were generated by sales to electric utility customers. The Company’s CEO700 allows electric utilities to connect and disconnect power to a customer by sending a wireless message to the meter-based unit, thereby avoiding the time and expense historically associated with dispatching a truck and personnel to the site to manually perform the task.
H. Douglas Saathoff, Nighthawk’s CEO commented, “I’m very, very pleased with the revenue results from the second quarter of this year, and very encouraged by the size and frequency of the orders that we are receiving from the electric utility market. The high costs associated with manual connect and disconnect methods is not going away, and cannot be ignored as utilities seek ways to cut costs without sacrificing levels of service to their customers. I’m optimistic about the near term opportunities that we can generate with the introduction of our hosted software solution that will make it even easier for our customers to manage and utilize their Nighthawk devices. We have built a solid track record with the CEO700, and I believe that planned enhancements to the product, combined with the hosted software interface, will even more firmly establish Nighthawk Systems as the wireless solutions provider of choice for utility automation needs.”
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
Forward-looking statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact:
Nighthawk Systems, Inc.
Doug Saathoff, 877-7-NIGHTHAWK, ext. 701
dsaathoff@nighthawksystems.com
Labels: Nighthawk, Nighthawk Systems, Nighthawk Systems Inc., NIHK
0 Comments:
Post a Comment
<< Home