Bad Credit

Carrier Access Reports Second Quarter 2004 Financial Results

Company Reports Fifth Consecutive Quarter of Revenue Growth

Bad Credit Credit Creditres BOULDER, Colo.--(BUSINESS WIRE)--July 20, 2004--Carrier Access Corporation (NASDAQ: CACS), a leading provider of broadband communications technologies, today reported results for its second quarter ended June 30, 2004.
Revenue for the second quarter of 2004 was $30.8 million compared to first quarter 2004 revenue of $28.5 million, an 8% increase. Year over year revenue, including revenue from the Paragon acquisition, increased 152% from the $12.2 million reported for the second quarter of 2003.

Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers.

Bad Consolidation Credit Debt Net income for the second quarter of 2004 was $3.6 million, or $0.10 per share, compared with the $2.7 million, or $0.09 per share, reported in the first quarter of 2004, an increase of 32%. Year over year net income increased more than 29 times from the $122,000, or $0.00 cents per share, reported for the second quarter of 2003. This marks the fifth consecutive quarter of revenue growth and eighth consecutive quarter of net income growth for Carrier Access.

Stamps.com Reports Second Quarter 2000 Financial Results Second Quarter Revenue Grows 80 Percent SANTA MONICA, Calif. July 13, Stamps.com today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. term investments ended the second quarter at $333.6 million, or $7 per share.

Bad Company Credit Repair Revenue for the first six months of 2004 totaled $59.4 million, compared to $23.4 million for the same period of 2003, an increase of 154%. Net income for the first six months of 2004 was $6.3 million or $0.18 per share, compared with net income for the first six months of fiscal 2003 of $239,000 or $0.01 per share.

ScanSoft, Inc. ( SSFT), a global leader of speech and imaging solutions, today announced financial results for the second fiscal quarter of 2005 ended March 31, 2005. ScanSoft reported revenue of $53.1 million for the quarter ended March 31, 2005, a 24 percent increase over revenue of $42.8 million for the quarter ended March 31, 2004.

Bad Card Credit Credit In the second quarter, Carrier Access was added to the Russell 3000 Index as part of Russell Investment Group's annual re-evaluation of the closely watched indexes. The Russell 3000 measures the top 3,000 U.S. equities in terms of market capitalization.

At Mypaydayloan.com, the bad credit loans premiere lender, offers bad credit loans packages that are tailored to the specific needs of clients who have a bad credit history. Whatever your bad credit loans financial needs are and no matter how precarious is your bad credit report, at Mypaydayloans, bad credit loans providers, you can apply for as many bad credit loans as you feel like. Our professionally efficient bad credit loans staff is ever ready to answer all your bad credit loans queries.

Bad Car Credit Loan "The second quarter 2004 was another positive quarter for Carrier Access. Once again we met our financial expectations and gained increased interest from both current and potential customers for our wireless backhaul and VoIP technologies," said Roger Koenig, chairman, CEO and president, Carrier Access. "We continue to operate against a solid business plan, and maintain a long-term outlook and commitment to our three focus markets -- wireless, broadband and fiber access."

Stamps.com Reports Second Quarter 2003 Financial Results Revenue Up 34% Year over Year; Total Postage Printed Up 78% Year over Year SANTA MONICA, Calif. July 24, Stamps.com™ ( STMP) today announced financial results for the second fiscal quarter ended June 30, 2003. Second quarter revenue was up 34% versus the same quarter last year, and up 9% versus the first fiscal quarter of 2003. Total postage printed using the Stamps.com service during the second quarter was up 78% from the same period last year as customer usage of newer Stamps.com features such as NetStamps™ and Shipping Label continues to increase.

Bad Credit Loan Mortgage Carrier Access will conduct a conference call and audio webcast to discuss its second quarter 2004 earnings today at 4:30 p.m. EDT. This call is open to the public. Participants should dial 312-470-0008, domestically or internationally, at least fifteen minutes prior to the scheduled start time and reference Carrier Access. The audio webcast will be simultaneously available and will also be available for replay until July 20, 2005. To access the simultaneous audio webcast or replay, please visit the Carrier Access Investor Relations page at www.carrieraccess.com/investors.

Auto Bad Credit Loan About Carrier Access

Bad Credit Mortgage Refinance Carrier Access (NASDAQ: CACS) provides next-generation wireline and wireless broadband access technologies that optimize communications services for service providers, enterprises and government agencies. Carrier Access products are designed to enable customers to consolidate and upgrade access capacity, and implement converged IP services while lowering costs and accelerating service revenue. For more information, visit www.carrieraccess.com.

Bad Credit Refinance Forward-Looking Statement Caution

Bad Credit Mortgage Second This press release contains forward-looking statements about our ability to attain revenue and maintain our balance sheet, incumbent vendor status, direct and indirect sales channels as well as our growth prospects in wireless and VoIP. Our results of operations for the second quarter of fiscal 2004 and quarter over quarter revenue and net income growth are not necessarily indicative of the results that may be expected for any future period. We caution that actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, continuing uncertainty regarding general economic conditions, changes in capital spending by carriers and telecommunications companies, market acceptance of our products, problems with or at our customers, distributors, OEM's and/or suppliers, growth rates within our industry, growth rates through acquisition, the financial stability of our customers, the introduction of new competition and technologies, and other risks and uncertainties including those factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2003, and other documents periodically filed with the Securities and Exchange Commission. We do not undertake any obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Bad Credit Loan Student CARRIER ACCESS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except per share amounts)

Bad Card Credit June 30, December 31,
2004 2003
-------- ------------
ASSETS
Current assets:
Cash and cash equivalents $93,401 $17,207
Marketable securities available for sale 28,646 19,335
Accounts receivable, net
14,917 18,333
Inventory, net 30,068 26,135
Prepaid expenses and other 3,197 4,708
---------- ------------
Total current assets 170,229 85,718

Bad Credit Financing Property and equipment, net 6,294 7,012
Goodwill 6,748 6,748
Intangibles, net 7,034 7,692
Other assets 209 372
---------- ------------
Total assets $190,514 $107,542
========== ============

Bad Credit Home Loan Mortgage LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $9,569 $12,862
Accrued compensation payable 2,616 2,905
Deferred rent 888 912
Accrued expenses and other liabilities 1,806 1,469
---------- ------------
Total liabilities 14,879 18,148

Bad Credit Loan People Stockholders' equity:

Bad Card Credit Credit People Common stock, 34 27
Additional paid-in capital 186,560 106,571
Deferred compensation -- (12)
Accumulated deficit (10,925) (17,185)
Accumulated other comprehensive loss (34) (7)
---------- ------------
Total stockholders' equity 175,635 89,394
---------- ------------

Bad Credit Guaranteed Loan Total liabilities and stockholders' equity $190,514 $107,542
========== ============

Bad Credit Refinancing CARRIER ACCESS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in thousands, except per share amounts)

Bad Credit Equity Home Loan Three Months Six Months
Ended Ended
June 30, June 30,
------------- --------------
2004 2003 2004 2003
---- ---- ---- ----

Bad Credit Loan Payday Revenue, net $30,845 12,156 $59,391 23,359
Cost of sales 16,894 6,687 32,506 12,841
-------- ------ -------- -------

Bad Credit Repair Gross profit 13,951 5,469 26,885 10,518
-------- ------ -------- -------

Bad Credit Home Loan Uk Operating expenses:
Research and development 4,692 2,540 8,662 5,149
Sales and marketing 4,041 2,744 8,617 5,419
General and administrative 1,892 1,298 3,617 2,531
Bad debt expense (recoveries) (98) (1,147) (281) (2,559)
Intangible asset amortization 307 - 654 -
-------- ------ -------- -------

2nd Bad Credit Mortgage Total operating expenses 10,834 5,435 21,269 10,540
-------- ------ -------- -------

Bad Credit Loan Unsecured Income (loss) from operations 3,117 34 5,616 (22)

Bad Consolidation Credit Loan Other income, net 491 88 711 172
-------- ------ -------- -------

Bad Credit Home Loan New Income before income taxes 3,608 122 6,327 150

Bad Business Credit Loan Income tax expense (benefit) 52 - 67 (89)
-------- ------ -------- -------

Bad Credit Lender Mortgage Net income $3,556 $122 $6,260 $239
======== ====== ======== =======

Bad Credit Home Loan Mobile
Income per share:
Basic $0.11 $0.00 $0.20 $0.01
Diluted $0.10 $0.00 $0.18 $0.01

Bad Cash Credit Loan Weighted average common shares:
Basic 33,744 24,798 32,010 24,781
Diluted 35,790 25,489 34,243 25,266

Bad Credit Loan Private CARRIER ACCESS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands)
Six Months Ended
June 30,
----------------------
2004 2003
---------- ---------
Cash flows from operating activities:
Net income $6,260 $239
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization expense 2,289 2,037
Provision for (recoveries of) doubtful
accounts, net (281) (2,559)
Provision for (recoveries of) inventory
obsolescence (224) (249)
Stock-based compensation 31 61
Changes in operating assets and
liabilities:
Accounts receivable 3,697 165
Income taxes receivable -- 6,891
Inventory (3,709) (1,081)
Prepaid expenses and other 1,674 (1,065)
Accounts payable and accrued expenses (3,269) (709)
---------- ---------
Net cash provided by operating
activities 6,468 3,730
---------- ---------

Bad Card Credit Debt Cash flows from investing activities:
Purchases of property and equipment (913) (398)
Purchases of marketable securities (18,046) (6,555)
Sales and maturities of marketable securities
available for sale 8,708 5,795
---------- ---------
Net cash used by investing
activities (10,251) (1,158)
---------- ---------

Bad Business Credit Loan Small Cash flows from financing activities:
Proceeds from stock offering 78,372 --
Proceeds from exercise of stock options 1,605 20
---------- ---------
Net cash provided by financing
activities 79,977 20

Bad Bankruptcy Car Credit Loan Net increase in cash and cash equivalents 76,194 2,592
Cash and cash equivalents at beginning of
period 17,207 14,900
---------- ---------
Cash and cash equivalents at end of period $93,401 $17,492
========== =========

Bad Credit Instant Loan Supplemental cash flow disclosures:
Income tax refunds $ -- $6,980
========== =========

Bad Credit Equity Loan
Contacts

Bad Credit Georgia Home Loan
Carrier Access
Michelle Chase, 303-218-5562
mchase@carrieraccess.com

[ Comment, Edit or Article Submission ]