Nextnation Again

Blogged last year: Update on NextNation

I wrote the following:

First blogged on Nextnation on 31st May 2007. here

Two points mentioned then..

• Net margins show some weakness but the growth is impressive!
• The biggest concern for me is that NextNation has an issue with its receivables and because of this, one do not really see wealth being generated in the company's cash flows despite its very impressive earnings.
  

Nextnation announced its next earnings on June 29th. Quarterly rpt on consolidated results for the financial period ended 30/4/2007

Sales dropped on a q-q to 21.533 million.
Earnings dropped to a mere 480k.
Receivables is at 67.092 million
There goes the GROWTH stock status!

I wrote a simple posting. http://whereiszemoola.blogspot.com/2007/06/nextnation-ii.html

Well, from an investing perspective, it's pretty ugly.

Nextnation announced its next earnings on Sept 2007. Quarterly rpt on consolidated results for the financial period ended 31/7/2007

Sales dropped on a q-q to 17.797 million
Earnings improved slightly to 611k.
Receivables is at 61.702 million

Nextnation announced its earnings last night. Quarterly rpt on consolidated results for the financial period ended 31/10/2007

Sales were flat at 17.868 million.
Earnings dropped to a mere 145k!!!
Receivables is at 56.702 million.

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I just saw that Nextnation reported its earnings on Friday. It was not pretty.

Sales were lower 15.636 million
Earnings - Nextnation reported losses of 1.913 million!
Receivables is at 49.290 million!

Nextnation is last traded at 0.085!!!