July 24, 2003
INOW not ready for prime time yet
InfoNow Announces Second Quarter Results
Thursday July 24, 6:02 am ET
DENVER, July 24 /PRNewswire-FirstCall/ -- InfoNow Corporation (Nasdaq: INOW - News), a leading provider of Enterprise Channel Management solutions, today announced financial results for the second quarter of 2003.
For the quarter ended June 30, 2003, the Company reported:
"Early in the year, we shifted the focus of our selling efforts toward building the pipeline for our new Channel Insight solution, with solid results to date, both in terms of getting new prospects into the pipeline and moving them along," said Michael Johnson, chairman and chief executive officer of InfoNow. "And while this focus positions us well for future growth, the longer sales cycle of Channel Insight versus our more traditional Channel year-over-year revenue growth in the second quarter."
http://biz.yahoo.com/prnews/030724/lath055a_1.html - Link expired
The company did not manage to get solidly into the black as I had expected and the guidance says this won't happen for two or three quarters yet. I'm glad I lightened up my position yesterday on the spike and now I expect that the price will meander downward as the market loses interest.
There are an awful lot of shares changing hands today but the price is staying steady. I wonder what that means?
I started following this stock a little over a year ago. InfoNow Corp. Research (INOW)
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Last updated June 22, 2003