NOOF PRVT stocks on fire

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  • Xenophage
    Registered User
    • Oct 2001
    • 12122

    #1

    NOOF PRVT stocks on fire

    anyone know why these 2 stocks are up so much today...

    seems a bit odd.
  • ryph
    Confirmed User
    • Oct 2002
    • 1225

    #2
    stock tip spam?
    tom at ryphs dot com

    Comment

    • KRL
      Entrepreneur
      • Oct 2002
      • 31429

      #3
      They had a strong earnings report Lars.


      New Frontier Media Reports Record Second Quarter Results

      BOULDER, Colo., Nov. 6 /PRNewswire-FirstCall/ -- New Frontier Media, Inc. (Nasdaq: NOOF - News), a leader in the electronic distribution of adult entertainment, announced record fiscal 2004 second quarter results for the quarter ended September 30, 2003. The Company reported net income for the quarter of $2.8 million, or $0.14 per share, as compared to a net loss of $1.0 million, or $0.05 per common share for the quarter a year ago. Net revenue for the current year quarter was $10.9 million compared to $9.3 million for the quarter a year ago, representing an increase of 17%.
      The Company reported EBITDA (earnings before interest, taxes, depreciation and non-content related amortization) of $3.8 million for the quarter ended September 30, 2003, as compared to $0.2 million for the quarter ended September 30, 2002, determined prior to restructuring charges of $72,000 and $142,000, for the quarters ended September 30, 2003 and 2002, respectively, primarily related to the Internet Group.

      Pay TV

      The Company's Subscription/PPV TV Group ("Pay TV Group") reported revenue of $10.1 million for the quarter ended September 30, 2003, as compared to $7.1 million for the quarter ended September 30, 2002, which represents an increase of 42%. Of this, revenue from the Pay TV Group's Cable/DBS/Hotel services increased 62% from $5.2 million for the quarter ended September 30, 2002 to $8.4 million for the quarter ended September 30, 2003. This increase in Cable/DBS/Hotel revenue is related to an increase in the distribution of the Pay TV Group's video-on-demand ("VOD") service. The Pay TV Group's VOD service, branded as TEN*On Demand, is now distributed to 8.0 million VOD enabled cable households and 900,000 hotel rooms in the U.S. and Canada.

      EBITDA for the Pay TV Group was $4.7 million for the quarter ended September 30, 2003, as compared to EBITDA of $1.9 million for the quarter ended September 30, 2002. Operating expenses declined from 30% of net revenue for the quarter ended September 30, 2002 to 19% for the quarter ended September 30, 2003, and overall operating expenses declined 18% from $2.2 million for the quarter ended September 30, 2002 to $1.8 million for the quarter ended September 30, 2003.

      "We are very pleased to have achieved these second quarter results for our shareholders. VOD has become a strong growth driver for the Company and we continue to lead the adult content market for this service," stated Michael Weiner, President of New Frontier Media, Inc.

      Internet Group

      The Company's Internet Group reported net revenue of $0.8 million for the quarter ended September 30, 2003, as compared to $2.2 million for the quarter ended September 30, 2002, representing a decrease of 64%. Gross margin for the Internet Group increased to 62% for the current year quarter from 55% for the quarter a year ago. EBITDA for the Internet Group was $0.2 million for the quarter ended September 30, 2003 as compared to EBITDA of $0.4 million for the quarter ended September 30, 2002, representing a decrease of 50%. EBITDA was determined before restructuring charges of $72,000 and $142,000 for the quarters ended September 30, 2003 and 2002, respectively.

      Corporate Administration Expenses

      Corporate administration expenses declined to $1.1 million for the quarter ended September 30, 2003 from $2.1 million for the quarter ended September 30, 2002, representing a decrease of 48%. This decline is primarily related to a 93% decrease in legal fees. Legal fees for the quarter a year ago were unusually high as a result of the proxy fight and related litigation.

      Future Outlook
      As the Company continues to gain visibility, it is updating its guidance
      for the fiscal year ending March 31, 2004 as follows:
      -- The Company is updating its revenue guidance from $35 - 40 million to
      $40 - 43 million
      -- The Company is updating its net income guidance from $5 - 7 million or
      $0.23 - $0.35 per share to $9.0 - $11.0 million or $0.39 - $0.49 cents
      per share


      Conference Call Information

      New Frontier Media, Inc. will be conducting its conference call and web cast to discuss earnings today at 4:15 p.m. Eastern Time. The participant phone number for the conference call is (800)-218-0204. To participate in the web cast please log on to www.noof.comand click on Investor Relations and then Webcasts & Events. A replay of the conference call will be available for seven days after 5:15 p.m. Eastern Time on November 6th at (800)-405-2236, access code 558509. The replay will also be archived for twelve months on the Corporate web site at www.noof.com. This press release can be found on the Company's corporate web site, www.noof.com, under Investor Relations/News Releases.

      This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates", "expects", "intends", "plans", "believes'', "seeks", "estimates", or variations of such words are intended to identify such forward-looking statements. All statements related to the outcome of any contingencies are forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the company assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's Form 10-K and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov .

      ABOUT NEW FRONTIER MEDIA, INC.

      New Frontier Media, Inc. is a leading distributor of adult entertainment via electronic platforms. The Company delivers the most extensive lineup of quality programming over the broadest range of electronic means including cable, satellite, Broadband and video-on-demand.

      The Erotic Networks(TM), the umbrella brand for the Company's subscription and pay television subsidiary, provides pay-per-view, video-on-demand, and subscription TV networks and services to over 54 million cable, DBS (direct broadcast satellite) and C-band households throughout North America. The Erotic Networks(TM) include Pleasure(TM), TEN(TM), TEN*Clips(TM), TEN*Xtsy(TM), TEN*Blue(TM), TEN*BluePlus(TM), TEN*Blox(TM), TEN*Max(TM) and TEN*On Demand(TM). These networks and services represent the widest variety of editing standards available and are programmed without duplication to offer the most extensive selection of adult network programming under a single corporate umbrella.
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      Comment

      • triumph
        Confirmed User
        • Dec 2002
        • 3433

        #4
        Originally posted by LegendaryLars
        anyone know why these 2 stocks are up so much today...

        seems a bit odd.
        NOOF is going to release earnings after the bell, and PRVT is up because of some type of playboy related thing.

        Comment

        • Xenophage
          Registered User
          • Oct 2001
          • 12122

          #5
          Yeah I have been a small owner for some time. and I did buy more today. so if ya wanna call it spam ya can I was asking a question, not trying to pump the stock. I think both these companies could be ripe for a takeover by other adult cable operators.

          Comment

          • wargames
            Kliris
            • May 2003
            • 10423

            #6
            ICQ 212-115-582
            Email Steve at Vas Media Group .com

            Comment

            • Xenophage
              Registered User
              • Oct 2001
              • 12122

              #7
              Yeah ok kewl thanks for the heads up

              Looks like dumping the internet sites is helping noof

              Comment

              • Xenophage
                Registered User
                • Oct 2001
                • 12122

                #8
                I bought noof on 6/17 at 1.65 a share man I wiah I had loaded up hahah oh well. 5.52 now

                Comment

                • Xenophage
                  Registered User
                  • Oct 2001
                  • 12122

                  #9
                  PLA and noof both rocking again today

                  Comment

                  • Maru
                    Confirmed User
                    • Jul 2003
                    • 918

                    #10
                    Buy Buy Buy Buy

                    The stock market is the easiest way to waste your money.

                    Comment

                    • Xenophage
                      Registered User
                      • Oct 2001
                      • 12122

                      #11
                      Ok I blew my noof out today.. prolly will go much further but I dont wanna be a pig

                      blew it out at 6.75

                      Comment

                      • scorpion3600
                        Confirmed User
                        • Jan 2003
                        • 623

                        #12
                        Originally posted by LegendaryLars
                        I bought noof on 6/17 at 1.65 a share man I wiah I had loaded up hahah oh well. 5.52 now
                        We bought NOOF at $0.78 too, there is a section in their last annual report that convinced me they were kinda smart - it's an excellent article hahahahahaded in the report that summarizes the whole dynamic/business model of online and pay-tv porn - great reading

                        Comment

                        • pornstar2pac
                          Omaha Hi/Lo
                          • Nov 2003
                          • 17380

                          #13
                          Originally posted by LegendaryLars
                          Ok I blew my noof out today.. prolly will go much further but I dont wanna be a pig

                          blew it out at 6.75
                          Lars,

                          Don't fall into the "starnet" trap if you get in again. I hear online poker is going to be hot. Anyone one know of any poker stocks?



                          pornstar2pac
                          Trump haters gonna hate. that's all they can do

                          Comment

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