-------------------- Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website. Posts: 205 | From: New England (MA) | Registered: Jan 2007
| IP: Logged |
posted
-5.83...out at .60. Sorry to bail on you guys I just don't have the capital to sit around and wait for this one...I really don't see a strong catalysis for MICG and with that Insider selling, its going to be a while before this one moves, imo. Good luck to you guys…I missed the original run and never should have chased. Never stay with a stock for the wrong reasons.
Posts: 540 | Registered: Mar 2006
| IP: Logged |
posted
I don't know guys, its almost at where it was before the run, where it was stable, I think once it hits that point it should be a pretty safe buy. Put it on the watch list, if it goes below the point it was before the run, might be a good rollback.
-------------------- Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website. Posts: 205 | From: New England (MA) | Registered: Jan 2007
| IP: Logged |
posted
If you look back the CEO did buy some shares, its just like that one guy selling all those insider shares. I haven't gotten in this one yet, but If there are 2, 10% gainer days in a row or if it hits where it was before the last run, or below that im getting in.
-------------------- Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website. Posts: 205 | From: New England (MA) | Registered: Jan 2007
| IP: Logged |
posted
jumped the gun and got in at .60 last week before i did much research on this one (which was stupid). I'm hoping to see another small jump in the next few days then i'm out. I just dont have much confidence in this one but i hope i'm wrong.
-------------------- All posts are my opinion only!! Do your own DD!! Posts: 137 | Registered: Jan 2007
| IP: Logged |
posted
Sorry to hear that guys, but if you forget about the past and look into the future the chart looks better than ever. Its at where it was before it ran under the same conditions as it ran last time. Which means it could run exactly the same because all the fundamentals are still there. And if not id call this a pretty safe play, the stock just had a small run and people realized it didn't go up that much and took their leave as it became too bearish. Once my stupid Bank of America account works, this is going to be one of the first I get into. Along with maybe scll.
-------------------- Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website. Posts: 205 | From: New England (MA) | Registered: Jan 2007
| IP: Logged |
posted
Microfield Group, Inc. ("Microfield") MICG today announced that during December 2006 and January 2007 its subsidiary EnergyConnect, Inc. ("EnergyConnect") entered into strategic alliances with two large international companies, expanded contracts with existing participants, and executed new contracts with additional participants. The alliances provide for innovative energy demand response sales, along with efficiency and procurement services through both direct and indirect demand response actions.
EnergyConnect will deliver demand response for the alliance members' existing customer building portfolios. EnergyConnect will also offer its participants value-added energy efficiency and energy procurement services through these new alliances members.
Gene Ameduri, EnergyConnect President, noted, "This growth through the end of the year combined with potential sales through the new alliances gives our new year a great start," Steve Schaefer, EnergyConnect's Senior Vice President of Sales and Marketing said. "The alliance agreements expand our sales channels, and provide additional value to our participants. We anticipate these alliances will rapidly increase our market penetration. These agreements represent more than two hundred Building Equivalents."
EnergyConnect, Inc. is the leading provider of Energy Automation services. More than just demand response, EnergyConnect's Energy Automation solutions proactively engage energy market participants, Independent System Operators, Regional Transmission Organizations and Electric Utilities. EnergyConnect is on the web at www.EnergyConnectInc.com.
-------------------- All posts are my opinion only!! Do your own DD!! Posts: 137 | Registered: Jan 2007
| IP: Logged |
Microfield Group Reports 2006 Results Tuesday February 20, 4:05 pm ET
PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. (OTCBB: MICG - News) announced financial results today for the twelve months ended December 30, 2006. The Company produced revenue of $76,141,000 for the year 2006 compared to revenue of $57,935,000 for the twelve months ended December 31, 2005. This increase of $18,206,000 is the result of a full 12 months of revenue in 2006 from the acquisitions of EnergyConnect (ECI) and Christenson Electric (CEI). CEI was acquired on July 20, 2005, and ECI was acquired on October 13, 2005. ADVERTISEMENT
On a GAAP basis, the Company had net income of $833,000 or $0.01 per share for the twelve months ended December 30, 2006, compared to a net loss of $77,640,000 or $3.13 per share for the twelve months ended December 31, 2005.
On a pro forma basis for the twelve months ended December 30, 2006, the Company had a non-GAAP operating loss of $4,189,000 and a non-GAAP net loss of $5,219,000 or $0.08 per share. This non-GAAP operating loss excludes $1,442,000 of stock-based compensation expense included in the GAAP operating loss. This non-GAAP net loss excludes $8,319,000 of gain from warrant liability re-measurement and also excludes $825,000 of interest from late registration included in GAAP net income. Each of these three items is a non-cash income or expense.
GAAP basis sales, general and administrative costs for the twelve months ended December 30, 2006 were $14,912,000, compared to $8,988,000 in the twelve months ended December 31, 2005. This increase in overhead expense of $5,924,000 represents an increase of 65.9% in year over year expenses, and is due to a full twelve months of expenses in 2006 from the acquisitions of EnergyConnect (ECI) and Christenson Electric (CEI). CEI was acquired on July 20, 2005, and ECI was acquired on October 13, 2005. Also contributing to the increase were costs incurred in 2006 for stock-based compensation, and $362,000 in compliance with the new Sarbanes-Oxley legislation. There were none of either of these costs in 2005.
Commenting on the 2006 results, Rod Boucher, Chief Executive Officer, said, "We achieved significant progress at Microfield this year as we integrated the Wind business and EnergyConnect into the company. Wind contributed a substantial portion of our revenue growth. Additionally, we grew ECI revenue by three times, and sales activity in 2006 increased our participant base tenfold. While integrating the wind business proved difficult this year," continued Boucher, "we have implemented management changes and bolstered internal controls and procedures to correct this problem."
About Microfield Group, Inc.
Microfield Group combines selling wholesale services to regional power grids with traditional electrical contracting and design and integration of infrastructure for wind, solar and other distributed power systems. This combination provides the platform to be a contributor to the growing alternative energy industry and to provide business processes and software capabilities that link the adjustment of consumer energy consumption to the wholesale electric market. Microfield utilizes consumers of electricity to generate revenue from the regional grids and serves this market through proprietary software and models that enable consumers to adjust use, provide prices to determine beneficial actions, and automate all aspects of the process. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol "MICG." Additional information about Microfield is available at www.microfield.com.
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third-party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
GAAP and Non-GAAP Financial Information
Non-GAAP operating loss, non-GAAP net loss and non-GAAP earnings per share are computed net of certain material items, as follows: (1) gain on remeasurement of the value of the warrants issued as a result of a private placements in October 2005 and June 2006, (2) expense charged for non-cash stock-based compensation, (3) non-cash charges for stock issued upon late registration, and (4) write-off of goodwill impairment in 2005, resulting from the acquisition of EnergyConnect, Inc. On October 13, 2005, the Company acquired EnergyConnect, Inc. for $107 million of the Company's common stock, and options and warrants to purchase the Company's common stock. Further details regarding this transaction can be found in the Form 8-K filed with the SEC on October 17, 2005. The non-GAAP financial measures are provided to enhance the overall understanding of our current financial performance and prospects for the future. Specifically, we believe the non-GAAP financial measures provided are useful information to both management and investors by excluding certain items that may not be indicative of our core operating results. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.
MICROFIELD GROUP, INC. CONSOLIDATED BALANCE SHEET ($000'S)
December 30, December 31, 2006 2005 ------------- ------------ (Unaudited)
Cash $ 2,545 $ 729 Accounts receivable 9,105 8,537 Other current assets 3,301 3,388 ------------- ------------
Total current assets 14,951 12,654
Goodwill and intangibles 41,187 41,972 Other long term assets 679 615 ------------- ------------
Total assets $ 56,817 $ 55,241 ============= ============
Accounts payable $ 4,831 $ 8,084 Bank line of credit 3,830 5,957 Other current liabilities 3,097 4,311 ------------- ------------
Total current liabilities 11,758 18,352
Long term liabilities 1,261 8,985 ------------- ------------
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
