numbers are not good.
I have had a quick look at the released accounts. Safenet has been blasted for it’s performance but I notice some possible shortcomings in SEN’s own performance. Revenue from ordinary activities.
Sale of goods 2005 - $5 ,822,641 2006 - $3 ,070,914 A drop of roughly $2.8 Million = around 50% Is this Sen’s direct sales?
Revenue from royalties, licence fees and research and development fees 2005 - $7 ,585,280 2006 - $8 ,423,920 This is actually up roughly $850,000. This probably includes the Infoprotect fees but still up from last year never the less.
Provision of services 2005- $8,796,023 2006 - $6,985,046 A drop of roughly $1.8 Million Is this Sen’s services / consultancy division?
So it looks like SEN have done poorly as well.
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
