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Profile - Magic Software Enterprise (NasdaqNM:MGIC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | Msgs | Options
Recent Events
Aug 23Price hit new 52-week low ($1.23)
Aug 13Earnings Announcement
Location
5 Haplada Street
Or-Yehuda 60218, Israel
Phone: (949) 250-1718
Fax: (949) 250-7404
Email: info@magic-sw.com
Employees (last reported count): 766
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Software & Programming
Company Websites
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 ·Investor Relations
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Ownership
·Insider and 5%+ Owners: 80%
·Institutional: 2% (8% of float)
(13 institutions)
·Net Inst. Selling: 162.0K shares (+66.64%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Magic Software Enterprise develops, markets and supports Magic software development and deployment technology. The Company's Magic technology enables enterprises to accelerate the process of building and deploying business software applications that can be rapidly customized and integrated with existing systems. During 1999, the Company expanded its business to include the sale of applications developed using Magic technology. These applications are designed for e-Business, customer relationship management (CRM) and other enterprise uses. Magic technology and Magic-based applications are used by over 2,500 software solution providers and thousands of enterprises in approximately 50 countries. The Company refers to these software solution providers and enterprises as the Magic community. The Company also provides maintenance and technical support as well as professional services to the Magic community.
More from Market Guide: Expanded Business Description

Financial Summary
Magic Software Enterprises, a member of the Formula Group, offers highly productive, state-of-the-art development technology, customizable applications, and services for cost-effectively solving business problems. For the three months ended 3/31/01, revenues fell 8% to $20 million. Net loss totalled $9.4 million vs. an income of $4 million. Results reflect a decrease in software sales and an increase in consulting and other service expenses.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 20,190; after tax earnings were -3,018. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers

Position
Dan Goldstein, 45Chairman
Menachem HasfariCEO
David Assia, 48Vice Chairman
David CropperVP of Sales for its North American Operations
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:MGICAs of 31-Aug-2001
Price and Volume
52-Week Low
on 23-Aug-2001
$1.23 
Recent Price$1.50 
52-Week High
on 6-Sep-2000
$9.125
Beta1.54 
Daily Volume (3-month avg)40.4K
Daily Volume (10-day avg)26.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-83.0%
52-Week Change
relative to S&P500
-77.2%
Share-Related Items
Market Capitalization$39.1M
Shares Outstanding26.1M
Float5.20M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 1 on 14-Feb-2000
Per-Share Data
Book Value (mrq*)$3.40 
Earnings (ttm)-$0.59 
Earnings (mrq)-$0.10 
Sales (ttm)$2.94 
Cash (mrq*)$1.29 
Valuation Ratios
Price/Book (mrq*)0.44 
Price/EarningsN/A 
Price/Sales (ttm)0.51 
Income Statements
Sales (ttm)$88.8M
EBITDA (ttm*)-$6.31M
Income available to common (ttm)-$17.4M
Profitability
Profit Margin (ttm)-19.6%
Operating Margin (ttm)-13.7%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-12.21%
Return on Equity (ttm)-15.39%
Financial Strength
Current Ratio (mrq*)2.67 
Debt/Equity (mrq*)0.01 
Total Cash (mrq)$35.3M
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.0%
Shares Short
(Prior Month)
2,000 
Short Ratio0.04 
Daily Volume26.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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