BluePoint Data Storage Reports 82% Revenue Growth and 57% Gross Profit Margins in 200525 May 2006
BluePoint Data Storage, Inc. (Pink Sheets: BLPDF) (TSX Venture: BLP), an established provider of Managed Storage, Availability and Data Protection Services, announced 82% growth in Revenue from $1,070,000 in Fiscal 2004, to $1,950,000 in Fiscal 2005 (fiscal year ending December 31st). In addition, the Company reports a 165% increase in gross profit margins from $422K in 2004, to $1.1M in 2005. Gross profit margins for the year increased from 39% in 2004, to 57% in 2005.
The company also increased its Earnings Before Interest, Depreciation, and Amortization (EBITDA) by $539K from a deficit of ($67K) in 2004 to a surplus of $472K in 2005. This amount was reinvested to fuel future growth in 2006 and beyond.
The 2005 net loss of ($297K) versus ($1.7M) in 2004 was mostly a result of Depreciation expense of $715K ($1.6M in 2004). Depreciation in these years related mainly to assets acquired in 2001, that have now been completed amortized.
Earnings Per Share (EPS) improved from a negative (US$0.14) in Fiscal 2004 to only ($0.02) in Fiscal 2005 on Weighted Average Shares Outstanding of 19,571,430 for 2005 versus 12,568,142 for 2004. There are currently 22,211,704 common shares outstanding as of the date of this release (23,363,370 fully-diluted).
About BluePoint Data Storage
BluePoint delivers managed data protection, availability and recovery solutions that ensure the protection and availability of corporate data and information technology systems while reducing the total cost of ownership. BluePoint manages these systems with unparalleled storage and networking expertise, guarantees high performance and availability, and ensures systems are on par with the current state-of-the-art.
Safe Harbor
This release may contain forward-looking statements that involve risks and uncertainties. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BluePoint or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements.
Such factors include, among others, the following: general economic and business conditions, demographic changes, regulation, major technology changes, timing of product introductions, competition and the ability of BluePoint to attract and retain key employees.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
For further information: BluePoint Data Storage, Inc., Paul Sachse, 561-417-0324, psachse@bluepointdata.com
Source: newswire
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