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Global Historical Data Solutions |
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| Tick Data's Contribution to Parent Company Penson Worldwide, Inc. 2Q2008 Earnings Highlighted by CEO in Analyst Call July 24, 2008 – On July 23, 2008, Penson Worldwide, Inc. (NASDAQ: PNSN), parent company of Nexa Technologies, Inc., announced strong revenues and earnings for the second quarter of 2008. The Tick Data division of Nexa is proud to be a part of this organization, and was especially proud to be mentioned for its contribution to Penson’s success on the July 24, 2008 analyst conference call hosted by Phil Pendergraft, CEO of Penson Worldwide. Regarding Nexa and Tick Data, he said: “Technology revenues were up 6% quarter over quarter, and Nexa was back in the black with a small profit, versus a small loss in the first quarter. The improvement was due primarily to better development revenues. Last call, we explained that some clients had placed development projects on hold due to market conditions. This situation improved in the second quarter. We also had a very strong quarter at Nexa’s Tick Data unit. Tick Data supplies quantitative trading firms with historical intraday data on equities, futures and options. We have recently rolled out some new products, including certain Asian markets, which have been very well-received. Two of the three months in the quarter were record months for Tick Data. The increased development revenue and strong Tick Data sales, plus a smaller recurring revenue increase, pushed Nexa into the black in the quarter. In addition, after the end of the quarter, Nexa signed a licensing agreement with a major new client. This contract is expected to generate over $4 million in high-margin licensing revenues over the next 5-6 quarters. We were confident that Nexa would be in the black for the remainder of the year even without this contract, but with this contract, 2008 should be Nexa’s best year ever.” See Also: |
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