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5/8/2008

StockGroup (SWEB) Announces Earnings Date, Conference Call

Filed under: — SmallCapNetwork Editor @ 6:55 am

It seems like only yesterday we were examining bulletin board company Stockgroup Information System’s (SWEB) earnings, yet now it’s time for the next update. On May 14th, at 3:00 p.m. EST, StockGroup will be announcing their Q1 results. At 4:05 p.m. EST the same day they’ll be hosting a conference call to discuss those numbers. 

What we’re thinking about and looking for this quarter… sales and profits.

Last quarter, the bottom line took a hit because of one-time expenses associated with the new website. The top line struggled because advertisers didn’t want to commit to a website they didn’t know what was going to be and do. Well, according to the company’s chat from last time around, the website is done, and all the right staff are in place. (You may also recall the company has hired a small army of marketing and sales gurus over the last few months.) In short, this quarter will be the first full quarter StockGroup has had everything firing on all cylinders.

At some point in time, all those things need to start paying off. We need to see results - something we’ve been a little too lenient about since the middle of last year.

In other words, it’s do or die time. We’ll have an answer to our question next week. I highly recommend you get on the call as well, as there always seems to be something revealed there that didn’t show up in the press release accompanying the earnings announcement.

The conference call and webcast will be held on Wednesday, May 14, 2008 at 4:05PM EDT / 1:05PM PDT to discuss the third quarter results. To participate in the conference call, please call 1-866-400-3310 five to ten minutes prior to the start time. To listen to the live webcast, please go to www.stockgroup.com.

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