Posts Tagged ‘Streamline Health’

STRM – Q1 2007 Earnings

By: ispeculatornew | Date posted: 07.01.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price on Friday 6/29/07 – $4.19)

Streamline Health released first quarter earnings on May 21 and once again they reported disappointing results.

Streamline Health reported revenue of 3.78 million and a loss of 0.05 per diluted share. They blamed the disappointing results on “protracted negotiations on two large system sales.” However, they said they were confident the sales “will successfully conclude in our second quarter, allowing the company to meet its first half expectations.” (more…)

STRM – Update

By: ispeculatornew | Date posted: 04.23.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price – $4.87)

The stock price of Streamline Health has rebounded nicely from its lows after fourth quarter earnings. The reasons for this increase were a press release announcing a new customer and a favorable report by an analyst.

The press release was good news but Streamline mentioned in their last earnings report that they had already closed one transaction in the first quarter. The press release probably was referring to that agreement. (more…)

STRM – Q4 2006 Earnings – Hold

By: ispeculatornew | Date posted: 04.04.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price – $4.01)

Streamline Health reported disappointing results for the fourth quarter of 2006. They reported earnings of 0.03 per diluted share on revenues of 3.84 million. This was well below the revenue guidance they had given in the previous quarter.

Streamline did not meet its guidance due to delays in finalizing several significant contracts. However, the company stated one of these contracts was already closed in the first quarter and the others were near completion. The CEO also stated “that should the remaining agreements be completed as anticipated, we expect record first quarter revenues.” (more…)

STRM – Buy and Accumulate

By: ispeculatornew | Date posted: 04.01.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price on Friday 3/30/07 – $4.27)

The stock price of Streamline Health has dropped considerably since I originally recommended it. Streamline’s decline has been perplexing because there hasn’t been any negative news announced.

On the contrary there have been a few press releases stating customers have been upgrading their document management systems. In their Q3 06 earnings release they gave guidance for annual revenue growth of 20% based on the expected signing of an agreement that got delayed in the third quarter and other large system sales. It seems based on the recent announcements that they are likely to meet their guidance. (more…)

STRM – Buy and Accumulate

By: ispeculatornew | Date posted: 02.12.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price – $5.40)

Streamline Health has been trending down on very low volume and I still think it is a good buy. I am reaffirming my buy recommendation and I am going to average today’s price with the price of my other buy recommendations to figure my cost basis.

Disclosure: I currently own shares of STRM.

STRM – Buy and Accumulate

By: ispeculatornew | Date posted: 01.09.2007 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price – $5.70)

I am reaffirming my buy recommendation because the stock price has dropped a little since I originally recommended it. I am going to average my original recommendation with today’s closing price. I also want to disclose I took a small position today.

Disclosure: I currently own shares of STRM.

STRM – Initiation of Buy Recommendation

By: ispeculatornew | Date posted: 12.31.2006 (12:00 am)

STRM – Streamline Health Solutions (Nasdaq) (Closing Price on Friday, 12/29/06 – $5.90)

Streamline Health Solutions (STRM) is another short term play. They have their biggest quarter in the fourth quarter and this year should be no different.

Streamline Health provides hospitals with solutions to improve their workflow and document management. The timing of their contracts makes the fourth quarter their best quarter for sales and profits. Last year they reported revenues of 6.2 million and had a profit of $0.30 in the fourth quarter. This year they should equal or surpass that. (more…)