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Teufelmann
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Anyone have any input on ADSX?

I bought in at 0.30

VOLUME today is huge but no movement.
What up with that???


Posts: 164 | From: greenville, SC, USA | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Teufelmann
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Technical Analysis: Applied Digital Solutions (NSD : ADSX)


STOCKSCORE FOR 3/16/04 1:51:00 PM MARKET CLOSE: 28

How To Use The Stockscore
Today's Trading (as of 3/16/04 1:51:00 PM)
Open $ 0.32 Change -0.02

High $ 0.33 % Change -6.33

Low $ 0.29 Volume 24,374,600

Close $ 0.30 # of Trades N/A

$ Value Volume $ 7,312,380



Stock Scores
Stock Score 28

Rating Bearish

Smoothed Stockscore 31

40 Day High None

40 Day Low None

FINANCIALS: Applied Digital Solutions (NSD : ADSX)

Earnings Announcements

Earnings Release 12/12/03
Year End 12/31/02


Dividend Information
Annual Dividend N/A

Yield % N/A

Payout Ratio (TTM)% N/A


Financial Strength
Current Ratio (MRQ) 0.600

Quick Ratio (MRQ) 0.391

LT Debt/Equity (MRQ) 0.321

Total Debt/Equity (MRQ) 0.768


Valuation Ratios
Price/Earnings (TTM) N/A

Price/Sales (TTM) 1.330

Price/Book (MRQ) 6.875

Price/Cash Flow (TTM) N/A


Per Share Data
Earnings (TTM)$ -0.150

Sales (TTM)$ 0.293

Book Value (MRQ)$ 0.057

Cash Flow (TTM)$ -0.164

Cash (MRQ)$ 0.015


Share Related Items
Market Cap (Mil) 121.948

Shares Outstanding (Mil) 406.492

Float (Mil) 402.300


Management Effectiveness
Return On Equity (TTM) N/A

Return On Assests (TTM) -40.652

Return On Investment (TTM) -197.017


Profitability
Gross Margin (TTM)% 29.728

Operating Margin (TTM)% N/A

Profit Margin (TTM)% -59.212


Other
Employees 419

Beta 1.669

Mar 15, 2004 9:19:00 AM

March 15, 2004--

Current year audit opinion does not contain a

"going concern" explanation

Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, today released financial results for the fourth quarter and year ended December 31, 2003. The Company's consolidated financial results include the balance sheets, operating results and cash flows of its majority owned subsidiaries, Digital Angel Corporation (AMEX: DOC) and InfoTech USA, Inc., formerly SysComm International Corporation (OTC: IFTH).

Fourth quarter revenue from continuing operations was $25.5 million, representing a 17% increase compared with the $21.8 million for the year-earlier period. For the three-months ended December 31, 2003, the Company reported a loss from continuing operations of $25.2 million, or $(0.06) per share, a sharp reduction from a loss from continuing operations of $64.0 million, or $(0.23) per share for the three-months ended December 31, 2002. The loss from continuing operations in the fourth quarter of 2003 included $8.7 million of non-cash charges in connection with the conversion of the IBM-related debentures.

Revenue from continuing operations in 2003 was $95.3 million, a 5% decrease from the $100.2 million recorded in 2002. For 2003, the Company reported income from continuing operations of $3.5 million, or $0.01 per share, compared to a loss from continuing operations of $113.9 million, or $(0.42) per share, for 2002.

"We ended 2003 a dramatically different Company than when we began the year," said Scott R. Silverman, Applied Digital Solutions' Chairman and Chief Executive Officer. "When we began the year, the Company's very survival was in jeopardy. Today, we have begun to demonstrate that our model of pairing technology with a complementary operating company that has long-standing revenue works. We have executed on most of our key objectives this year. We have paid off IBM, grown revenue of VeriChip and improved the operating results of our wholly owned subsidiaries significantly. While we did not see that improvement at Digital Angel, we believe we have taken the necessary measures at Digital Angel, through the installation of a new management team, to position the Company to possibly capitalize on potential opportunities in livestock tracking."

Some of the highlights of 2003 included:

-- Improved Balance Sheet. The Company eliminated approximately

$100 million in debt and increased stockholders' equity by

over $68 million as a result of the Company's repayment of

IBM.

-- Current year audit opinion does not contain a "going concern"

explanation. The improved financial status of the Company, and

management's future plans, have overcome the need for the

Company's auditors to include a going concern explanation in

the auditors' opinion on our financial statements for the year

ended December 31, 2003. For the prior four years, the

Company's auditors' opinions contained "going concern"

language.

-- Sales of VeriChip Corporation Continue to Grow. During the

fourth quarter, revenues of VeriChip Corporation more than

doubled versus the previous quarter, increasing from $123,000

to $275,000.

"While we are pleased by these accomplishments, we know there are many new challenges ahead of us," continued Mr. Silverman. "Our existence is no longer in jeopardy, and with our businesses now on much more solid-footing, we have the opportunity to create real value for our shareholders. This is why I am pleased to announce today that we will effectuate a 1 for 10 stock split with a record date of April 5, 2004. We do this not because we are required to do so today by the Nasdaq, as we have until July to meet its listing requirements, but because our businesses have matured to the extent that we can now attract quality institutional investors seeking a company that is capable of generating earnings in the future. Our improved capital structure, now that we no longer have to issue shares to satisfy preexisting obligations to previous management or creditors, will allow investors to evaluate the Company's prospects without fear that we will have to issue equity under those adverse conditions. I am excited about the prospects for 2004, as we now have all of the pieces in place, including the right management team, capital structure and technology mix to pursue sustainable, long-term value for our shareholders."

The Company will hold a conference call and webcast today at 10 a.m. ET. Mr. Silverman, Evan McKeown, Chief Financial Officer, and Michael Krawitz, General Counsel, will host the call. Interested participants should call 800-472-8309 when calling within the United States or 706-643-9561 when calling internationally. Please reference Conference I.D. Number 6081841. There will be a playback available until midnight, March 22, 2004. To listen to the playback, please call 800-642-1687 when calling within the United States or 706-645-9291 when calling internationally. Please use pass code 6081841 for the replay. This call is being webcast and can be accessed at Applied Digital Solutions' web site at www.adsx.com until March 22, 2004.

About Applied Digital Solutions, Inc.

Applied Digital Solutions is an advanced technology development company that focuses on a range of early warning alert, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Wireless unit, the Company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. For more information, visit the company's website at http://www.adsx.com.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. -0- T

APPLIED DIGITAL SOLUTIONS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET DATA

(In thousands, except par value)

ASSETS December 31,

------------------

2003 2002

------------------ CURRENT ASSETS

Cash and cash equivalents $10,161 $5,818

Restricted Cash 765 --

Accounts receivable and unbilled receivables

(net of allowance for doubtful accounts of

$1,035 in 2003 and $1,263 in 2002) 14,531 16,548

Inventories 9,490 6,409

Notes receivable 1,658 2,801

Other current assets 2,803 2,920 --------------------------------------------------------------------- TOTAL CURRENT ASSETS 39,408 34,496 PROPERTY AND EQUIPMENT, NET 9,365 9,822 NOTES RECEIVABLE, NET 504 758 GOODWILL, NET 63,331 67,818 OTHER ASSETS, NET 1,654 4,339 ---------------------------------------------------------------------

$114,262 $117,233

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES

Notes payable and current maturities of long-

term debt $6,136 $81,879

Accounts payable 13,710 9,761

Accrued interest -- 10,149

Other accrued expenses 22,616 19,145

Put accrual 200 200

Net liabilities of Discontinued Operations 9,545 9,368 --------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 52,207 130,502 LONG-TERM DEBT AND NOTES PAYABLE 2,860 3,346 OTHER LONG-TERM LIABILITIES 3,430 1,055 --------------------------------------------------------------------- TOTAL LIABILITIES 58,497 134,903 --------------------------------------------------------------------- COMMITMENTS AND CONTINGENCIES --------------------------------------------------------------------- MINORITY INTEREST 23,029 18,422 --------------------------------------------------------------------- PREFERRED STOCK, COMMON STOCK AND OTHER STOCKHOLDERS'

EQUITY (DEFICIT)

Preferred shares: Authorized 5,000 shares in

2003 and 2002 of $10 par value; special

voting, no shares issued or outstanding in

2003 and 2002, Class B voting, no shares

issued or outstanding in 2003 and 2002 -- --

Common shares: Authorized 560,000 shares in

2003 and 435,000 shares in 2002 of $.001 par

value; 412,195 shares issued and 411,260

shares outstanding in 2003 and 285,069 shares

issued and 284,134 shares outstanding in 2002 412 285

Additional paid-in capital 443,099 377,621

Accumulated deficit (413,923)(417,066)

Common stock warrants 5,650 5,650

Treasury stock (carried at cost, 935 shares in

2003 and 2002) (1,777) (1,777)

Accumulated other comprehensive income 206 31

Notes received for shares issued (931) (836) --------------------------------------------------------------------- TOTAL PREFERRED STOCK, COMMON STOCK, AND OTHER

STOCKHOLDERS' EQUITY (DEFICIT) 32,736 (36,092) ---------------------------------------------------------------------

$114,262 $117,233

APPLIED DIGITAL SOLUTIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS DATA

(In thousands, except per share data)

For the Years Ended December 31,

--------------------------------

2003 2002

-------------------------------- PRODUCT REVENUE $78,649 $80,936 SERVICE REVENUE 16,618 19,276 --------------------------------------------------------------------- TOTAL REVENUE 95,267 100,212 COST OF PRODUCTS SOLD 59,921 59,239 COST OF SERVICES SOLD 6,526 9,323 --------------------------------------------------------------------- GROSS PROFIT 28,820 31,650 SELLING, GENERAL AND ADMINISTRATIVE EXPENSE 56,656 66,450 RESEARCH AND DEVELOPMENT EXPENSE 6,255 4,130 GAIN ON EXTINGUISHMENT OF DEBT (70,064) -- ASSET IMPAIRMENT 5,442 69,382 DEPRECIATION AND AMORTIZATION 1,754 3,929 (GAIN) LOSS ON SALES OF SUBSIDIARIES AND BUSINESS

ASSETS 330 (132) INTEREST AND OTHER INCOME (1,115) (2,356) INTEREST EXPENSE 22,736 17,524 --------------------------------------------------------------------- INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE

PROVISION FOR INCOME TAXES, MINORITY INTEREST,

LOSSES ATTRIBUTABLE TO CAPITAL TRANSACTIONS OF

SUBSIDIARY AND EQUITY IN NET LOSS OF AFFILIATE 6,826 (127,277) PROVISION FOR INCOME TAXES 1,702 326 --------------------------------------------------------------------- INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE

MINORITY INTEREST LOSSES ATTRIBUTABLE TO CAPITAL TRANSACTIONS OF

SUBSIDIARY AND EQUITY IN NET LOSS OF AFFILIATE 5,124 (127,603) MINORITY INTEREST (5,180) (18,474) NET LOSS ON CAPITAL TRANSACTIONS OF SUBSIDIARY 244 2,437 LOSS ATTRIBUTABLE TO CHANGES IN MINORITY INTEREST AS

A RESULT OF CAPITAL TRANSACTIONS OF SUBSIDIARY 6,535 2,048 EQUITY IN NET LOSS OF AFFILIATE -- 291 --------------------------------------------------------------------- INCOME (LOSS) FROM CONTINUING OPERATIONS 3,525 (113,905) INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME

TAXES OF $0 IN 2001 -- -- CHANGE IN ESTIMATE ON LOSS ON DISPOSAL AND OPERATING

LOSSES DURING THE PHASE OUT PERIOD (382) 1,420 --------------------------------------------------------------------- NET INCOME (LOSS) 3,143 (112,485) PREFERRED STOCK DIVIDENDS AND OTHER ACCRETION OF

BENEFICIAL CONVERSION FEATURE OF REDEEMABLE

PREFERRED STOCK - SERIES C -- ----------------------------------------------------------------------- NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $3,143 $(112,485) EARNINGS (LOSS) PER COMMON SHARE - BASIC

Income (loss) from continuing operations $0.01 $(0.42)

Income (loss) from discontinued operations -- ----------------------------------------------------------------------- NET INCOME (LOSS) PER COMMON SHARE - BASIC $0.01 $(0.42) EARNINGS (LOSS) PER COMMON SHARE - DILUTED

Income (loss) from continuing operations $0.01 $(0.42)

Income (loss) from discontinued operations -- ----------------------------------------------------------------------- NET INCOME (LOSS) PER COMMON SHARE - DILUTED $0.01 $(0.42) WEIGHTED AVERAGE NUMBER OF COMMON SHARES

OUTSTANDING - BASIC 361,781 269,232 WEIGHTED AVERAGE NUMBER OF COMMON SHARES

OUTSTANDING - DILUTED 372,989 269,232 T

--30--NF/ny

CONTACT: Investors:

CEOcast, Inc.

Ken Sgro or Ed Lewis, 212-732-4300

kensgro@ceocast.com

edlewis@ceocast.com

KEYWORD: FLORIDA

INDUSTRY KEYWORD: SOFTWARE HARDWARE COMPUTERS/ELECTRONICS CONFERENCE CALLS EARNINGS

SOURCE: Applied Digital Solutions, Inc. Today's News On The Net -Business Wire's full file on the Internet




Posts: 164 | From: greenville, SC, USA | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
moe7755
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Get rid of it it's Garbage.
Posts: 113 | From: delray, FL, USA | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
grannysbathwater
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Silverman bought 250,000 shares of garbage today maybe he knows something Moe will find out next month if Moe is lucky that is....
Posts: 19 | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
   

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