We haven’t heard a lot from our friends at NWWV for a while. Year end numbers are due out soon, and when they file their annual report I will provide a complete analysis of the company.
In the interim, the company was out with news today. Apparently, they have surpassed the 150,000 members serviced mark, which gives us some ability to gauge their growth rate.
One year ago today NWWV achieved the 40,000 serviced members mark. This past December the company achieved the 100,000 members mark. Today we learn they have surpassed the 150,000 members serviced mark.
Key to all this is the revenues being generated per member, and the member retention rate. Those numbers could be impressive when we get the year end figures with the 1st quarter coming shortly behind.
Despite an extremely shaky market over the past month, NWWV continues in the uptrend that began last August. The stock made a low of about $.90 then, and has since seen almost $2 as a high.
Don’t forget about this one. It’s a sleeper right now, but the company is growing rapidly. This summer their infomercial with national spokesman Bob Eubanks will be coming to your TV. There’s a lot of great stuff ahead for NWWV.
To be substainable they will need to get real revenues from transactions, not just sign ups. How are they coming along with that goal?
Editor: We will see year end numbers pretty soon. The last quarter won’t be phenomenal because it is a fairly soft season for them. Revenues have picked up nicely in the first quarter, and we will see those numbers in mid May. I believe they will easily hit the $1 million per month in revs numbers about now, and should be annualizing at close to $20 million by year’s end. That’s just my educated guess.
Any comment on their Annual Report and SEC form 10KSB?
Editor: That will be the subject of today’s edition.
While the growth prospects look great, I am concerned about “Another 2.7 million was associated with stock issuance to employees, board members, and consultants” in 2004…will this also grow in future years and keep diluting the shares?!
Editor: No- I don’t believe so. Remember, this was the first real year of business as a public company. Most of those shares were a one time event. I don’t believe there will be much dillution with this company. No more than 10% of last year’s number.