LAGUNA HILLS, Calif., June 15, 2004 (PRIMEZONE) -- Superclick, Inc. (OTCBB:SPCK) today announced results for the second fiscal quarter ended April 30, 2004.
Revenues for the second quarter of fiscal 2004 were $324.7 thousand compared to $291.4 thousand as reported for the first quarter of 2004, which represents an increase of 11%. The Company reported no revenue for the same period last year. Net loss for the second quarter was $430.8 thousand or $0.02 per share, compared to a net loss of $21 thousand, or $0.01 per share, in the second quarter last year.
For the six months ended April 30, 2004, revenues were $616.1 thousand versus no revenue reported for the same period last year. Net loss for the six months ended April 30, 2004 was $543.4 thousand, or $0.03 per share compared to a net loss of $35 thousand on no loss per share in the same period a year ago.
Revenue comparisons in this statement do not include revenue recorded by Superclick Networks, Inc. (SNI) which was not acquired until October 2003 and whose revenue is not accounted for in Superclick, Inc.'s reported revenue statements for the period.
"Taking into account the non-reported revenues derived from Superclick Networks, Inc., we are pleased with the Company's performance in the first six months of fiscal 2004, and encouraged by the prospects of demonstrating strong revenue growth over the remainder of the year," commented Chief Executive Officer, John Glazik. "In fact, our performance through the first six months of fiscal 2004 is equal to 94% of the revenues achieved over the entire fiscal year 2003," he added.
Key highlights for the quarter were:
-- Installations of the first four properties under the Verizon
master reseller agreement
-- Establishment of packet-based audio conferencing center solution
-- Selection by Westmont Hospitality Group as its High Speed Internet
solutions provider
Fiscal 2004 Guidance
For the balance of fiscal 2004, Superclick anticipates substantial progress in achieving its growth initiatives. The Company expects revenues in the range of $1.75 to $2 million versus un-audited revenues of $652.3 thousand for the combined companies (Superclick, Inc. and SNI) in fiscal 2003.
About Superclick, Inc.
Superclick, Inc. (OTCBB:SPCK), through its wholly owned, Montreal-based subsidiary Superclick Networks, Inc., develops, manufactures, markets and supports the Superclick Internet Management System (SIMS(tm)) in worldwide hospitality, multi-tenant unit (MTU) and university markets. Superclick provides hotels, MTU residences and universities with cost-effective Internet access utilizing high-speed DSL, CAT5 wiring, wireless and dial-up modem technologies. Superclick's proprietary technology converts dial-up analog Internet calls to digital access, improves connection speeds, unclogs local trunks, consolidates Internet traffic, supports flexible billing and provides targeted advertising to end-users. Current clients include MTU residences and Crowne Plaza(r), Four Points by Sheraton(r), InterContinental Hotels Group PLC, Hilton(r), Holiday Inn(r), Holiday Inn Express(r), Hampton Inn(r), Marriott(r), Novotel(r), Radisson(r), Sheraton(r), Westin(r) and Wyndham(r) hotels in Canada and the United States. For more information see: http://superclick.com .