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BUSINESS
October 15, 1999 | Dow Jones
Newport Beach-based SM&A Corp. said Thursday that it will post lower-than-expected earnings and launch a reorganization plan in an effort to improve operating results. The provider of management services said it expects to report earnings of $2.1 million, or 13 cents a share, on revenue of about $27.2 million for the third quarter. A year ago, the company earned $1.6 million, or 10 cents a share, including a charge of about 2 cents a share, on $22.3 million in revenue.
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BUSINESS
April 12, 2000 | Dow Jones
SM&A Corp. in Newport Beach said Tuesday it received a two-year, $10.3-million subcontract to provide software development for a NASA system. Under the contract with Raytheon Systems Co., SM&A will provide software development for mapping satellite measurements, systems for processing data from U.S. and Japanese instruments, and technical operations at data archive and distribution centers.
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BUSINESS
August 26, 1998 | Bloomberg News
SM&A Corp. and shareholders, including two executives, plan to sell as many as 5 million shares of common stock, according to documents filed Tuesday with the Securities and Exchange Commission. The Newport Beach-based company, which helps companies win government contracts, will sell 2.5 million shares. Proceeds from sales of shares by the company itself will be used for general corporate purposes, possibly including strategic acquisitions, SM&A said.
BUSINESS
March 15, 2000
SM&A Corp., a Newport Beach provider of management proposal services, reported a fourth-quarter net loss of $1.3 million, or 8 cents a share, which included $764,000 in reorganization expenses, severance, legal fees and costs to construct a customer care center. A year ago, the company earned $2.1 million, or 13 cents a share. Revenue was up 14% to $28.1 million. The company also restated its earnings for the first three quarters, lowering net income to $5.2 million from $8.
BUSINESS
December 10, 1998
SM&A Corp.'s stock emerged from a slump Wednesday, surging more than 34% after the Newport Beach-based provider of management services said its board has authorized the company to repurchase up to 300,000 shares. The shares climbed $3 to $11.75 on volume of 629,100 shares, more than eight times the daily average over the last three months. The company said it plans to buy back shares from time to time because it believes the stock has been undervalued.
BUSINESS
August 25, 1998 | John O'Dell, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Well, at least it will help save ink: Steven Myers & Associates Inc., the Newport Beach firm that helps engineering and other professional firms win government and commercial contracts, has changed its name to SM&A Corp. Steve Myers, chairman and chief executive, said he decided to make the change because clients have been calling the firm by its initials for years and investors have started doing same. Wonder if that means Myers will be seeking to change the firm's Nasdaq stock market listing?
BUSINESS
March 13, 1999 | Bloomberg News
SM&A Corp., which helps companies pursue government contracts, said Friday it has scrapped the sale of one of its units to the managers because of financing problems. The Newport Beach company will liquidate the StamiNet Inc. unit, which resells computer networking equipment, reducing fourth-quarter earnings. The stock on Friday slumped 22%, or $3.19 a share, to $13.06.
BUSINESS
January 27, 1999
The Newport Beach company, which provides management proposals, reported that net income climbed 69% to $2.2 million, or 13 cents a share, from $1.3 million, or 10 cents a share, for the same period a year earlier. The 1998 figure included losses associated with the discontinuation of its Staminet operation. Revenue more than doubled to $24.6 million from $10.3 million. Net income for the year advanced to $8 million, or 50 cents a share, from $4.8 million, or 37 cents a share, for 1997.
BUSINESS
March 2, 2000
SM&A Corp., a Newport Beach information technology systems company, said it has been awarded a scientific and technical services subcontract with a potential value of $6.75 million. SM&A and Science Systems and Applications Inc. in Lanham, Md., made a joint proposal to NASA/Goddard Space Flight Center's Earth Sciences Directorate, Climate and Radiation Branch. SM&A's Systems Solutions Group, space sciences division, will perform the work over the life of the five-year contract.
BUSINESS
April 12, 2000 | Dow Jones
SM&A Corp. in Newport Beach said Tuesday it received a two-year, $10.3-million subcontract to provide software development for a NASA system. Under the contract with Raytheon Systems Co., SM&A will provide software development for mapping satellite measurements, systems for processing data from U.S. and Japanese instruments, and technical operations at data archive and distribution centers.
BUSINESS
March 2, 2000
SM&A Corp., a Newport Beach information technology systems company, said it has been awarded a scientific and technical services subcontract with a potential value of $6.75 million. SM&A and Science Systems and Applications Inc. in Lanham, Md., made a joint proposal to NASA/Goddard Space Flight Center's Earth Sciences Directorate, Climate and Radiation Branch. SM&A's Systems Solutions Group, space sciences division, will perform the work over the life of the five-year contract.
BUSINESS
October 15, 1999 | Dow Jones
Newport Beach-based SM&A Corp. said Thursday that it will post lower-than-expected earnings and launch a reorganization plan in an effort to improve operating results. The provider of management services said it expects to report earnings of $2.1 million, or 13 cents a share, on revenue of about $27.2 million for the third quarter. A year ago, the company earned $1.6 million, or 10 cents a share, including a charge of about 2 cents a share, on $22.3 million in revenue.
BUSINESS
March 13, 1999 | Bloomberg News
SM&A Corp., which helps companies pursue government contracts, said Friday it has scrapped the sale of one of its units to the managers because of financing problems. The Newport Beach company will liquidate the StamiNet Inc. unit, which resells computer networking equipment, reducing fourth-quarter earnings. The stock on Friday slumped 22%, or $3.19 a share, to $13.06.
BUSINESS
January 27, 1999
The Newport Beach company, which provides management proposals, reported that net income climbed 69% to $2.2 million, or 13 cents a share, from $1.3 million, or 10 cents a share, for the same period a year earlier. The 1998 figure included losses associated with the discontinuation of its Staminet operation. Revenue more than doubled to $24.6 million from $10.3 million. Net income for the year advanced to $8 million, or 50 cents a share, from $4.8 million, or 37 cents a share, for 1997.
BUSINESS
December 10, 1998
SM&A Corp.'s stock emerged from a slump Wednesday, surging more than 34% after the Newport Beach-based provider of management services said its board has authorized the company to repurchase up to 300,000 shares. The shares climbed $3 to $11.75 on volume of 629,100 shares, more than eight times the daily average over the last three months. The company said it plans to buy back shares from time to time because it believes the stock has been undervalued.
BUSINESS
August 26, 1998 | Bloomberg News
SM&A Corp. and shareholders, including two executives, plan to sell as many as 5 million shares of common stock, according to documents filed Tuesday with the Securities and Exchange Commission. The Newport Beach-based company, which helps companies win government contracts, will sell 2.5 million shares. Proceeds from sales of shares by the company itself will be used for general corporate purposes, possibly including strategic acquisitions, SM&A said.
BUSINESS
March 15, 2000
SM&A Corp., a Newport Beach provider of management proposal services, reported a fourth-quarter net loss of $1.3 million, or 8 cents a share, which included $764,000 in reorganization expenses, severance, legal fees and costs to construct a customer care center. A year ago, the company earned $2.1 million, or 13 cents a share. Revenue was up 14% to $28.1 million. The company also restated its earnings for the first three quarters, lowering net income to $5.2 million from $8.
BUSINESS
October 26, 1999
SM&A Corp.: The Newport Beach provider of management services said net income for the third quarter rose 24% to $2.1 million, or 13 cents a share, from $1.7 million, or 10 cents a share, a year ago. Revenue increased 32% to $27.2 million.
BUSINESS
August 25, 1998 | John O'Dell, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Well, at least it will help save ink: Steven Myers & Associates Inc., the Newport Beach firm that helps engineering and other professional firms win government and commercial contracts, has changed its name to SM&A Corp. Steve Myers, chairman and chief executive, said he decided to make the change because clients have been calling the firm by its initials for years and investors have started doing same. Wonder if that means Myers will be seeking to change the firm's Nasdaq stock market listing?
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