(My money is tied up. So take this
for what it is worth. I do not have any
money on the line.)

Shad

HQNT H Quotient Inc (OTC BB)

$0.72 - $0.01 (-1.37%) 12/26/2003 3:40:00 PM ET



Open $ 0.73
High $ 0.73
Low $ 0.71
52-Wk Low $ 0.27
52-Wk High $ 1.37
P/E Ratio 6.00
Volume 213,200
Market Cap 25.1 M
Shares Outstand. 34.8300 M

1day 5days 1year Interactive Charting




Company Information


H. Quotient, Inc.. The Group's principal activity is to design, develop and market custom software, information collection and Intranet network systems for the healthcare industry. The products of the Group include DataQual (R), DataQuotient (R), the I-Link (SM) Inter interface system and I-Link (SM) Enterprise software system. The Group also provides software maintenance, system design, consulting, installation, training and support services. The Group's products are marketed through referrals, direct association marketing, industry specific seminars and trade conventions. The Group's customers include hospitals and other healthcare facilities, such as ambulatory care centers, healthcare networks, in-home care agencies, independent practice associations, clinics and extended care facilities. In Mar 2003, the Group acquired IntelliServices, Inc.
H. QUOTIENT, INC.
Suite 503 8150 Leesburg Pike Vienna VIRGINIA 22182
Phone: +1 703 752-0690
Fax:
Website

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Financial Snapshot More





This Fiscal Next Fiscal
N/A

2002 2001
Revenue $ 2.2 M $ 1.1 M
Total Net Income $ 1.3 M $ 711,489
Earnings Per Share $ 0.04 $ 0.04
EBITDA $ 810,496 $ 1.2 M
Long Term Debt $ 0 $ 0

10QSB: H QUOTIENT INC
11/20/2003 1:11:14 PM
(EDGAR Online via COMTEX) -- Item 2: Management's Discussion or Plan of Operation

Results of Operations

Three Months Ended September 30, 2003, Compared with Three Months Ended September 30, 2002:

Revenues for the three months ended September 30, 2003, increased to $1,410,873 compared to $1,121,670 for the three months ended September 30, 2002. The increase of $289,203 was a result of increased sales. Including other income, revenues for the three months ended September 30, 2003, increased to $1,980,496 compared to $1,128,836 for the three months ended September 30, 2002. The increase in other income was primarily derived from appreciation in the company's securities portfolio. Quarterly dividends of $.01 per share were authorized for shareholders of record on July 31, 2003 and on October 31, 2003.

Expenses

Interest expense for the three months ended September 30, 2003, was $2,136 compared to $4,068 for the three months ended September 30, 2002. The negligible difference is attributed to the continuity of notes payable.

The unrealized gain on securities for the three months ended September 30, 2003, was $571,759 as compared to $-0- for the three months ended September 30, 2002. The difference resulted from an increase in the market value of the securities portfolio.

Net profit for the three months ended September 30, 2003, was $1,849,124 or $.06 per share compared to $1,062,260 or $.04 per share for the three months ended September 30, 2002.

Liquidity and Capital Resources

We funded our operations and working capital needs through profits, payments received from customers, and the exercise of warrants.

Working capital at September 30, 2003, was $8,308,926 as compared to $6,916,277 at September 30, 2002. The improvement by $1,293,649 resulted primarily from operations and investments.

Cash and cash equivalents at September 30, 2003, were $260,420 as compared to $15,218 on September 30, 2002. During the quarter ended September 30, 2003, we generated -0- from investing activities as compared to $55,930 for the quarter ended September 30, 2002.

During the quarter ended September 30, 2003, we used net cash of $144,500 from financing activities as compared to $51,900 for the quarter ended September 30, 2002. This was the result of the exercise of warrants.

During the quarter ended September 30, 2003, we issued stock with a value of $282,728 for software development activities that represent non-cash investing and financing activities. There were no such activities in the quarter ended September 30, 2002.

During the quarter ended September 30, 2003, we issued stock with a value of $144,500 warrant redemptions. There were no such activities in the quarter ended September 30, 2002.

Nov 20, 2003