HNIN Horne International, Inc. featured news, full reports, and detailed charts
Horne International, Inc. (HNIN/HNIN.OB) Wrap Up:
Horne International, Inc., through its subsidiary, Horne Engineering Services, LLC, provides technology and technical engineering solutions to security, energy, and environment markets. The company’s service areas include program engineering, occupational safety and health, environmental sciences, acquisition and procurement, business process engineering, and public outreach. Its information technology services consist of modeling and simulation, software development, GIS/geospatial products and services, and technology integration. The company’s customers comprise the United States Government, with focus in the departments of homeland security, defense, and transportation. Horne Internation...Horne International, Inc. (HNIN:OTC Bulletin Board Market)
Snapshot of Horne International, Inc. (HNIN)
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OPEN
$0.09
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PREVIOUS CLOSE
$0.10
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DAY HIGH
$0.10
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DAY LOW
$0.09
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52 WEEK HIGH
08/5/09 - $0.21
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52 WEEK LOW
12/31/08 - $0.02
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MARKET CAP
4.3M
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AVERAGE VOLUME 3 mo
38.1K
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DILUTED EPS TTM
$0.0044
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SHARES OUTSTANDING
42.7M
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HNIN Does Not Pay Dividends
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P/E TTM
22.8x
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HNIN Top Compensated Officers
Executives, Board Directors
Key developments for Horne International, Inc. (HNIN)
On June 1, 2009, Horne International, Inc. announced that John Krobath resigned as principal financial officer and accounting officer. John Krobath was appointed to the aforementioned positions upon the termination of Michael Megless on April 25, 2008 as chief financial officer for Horne International, Inc. Mr. Krobath's last day of employment with Horne International, Inc. will be June 12, 2009. Mr. Krobath will continue to provide advice and counsel to the company pursuant to a consulting agreement entered into by the parties on June 5, 2009. On June 2, 2009, the company appointed Paige E. Shannon, the company's general counsel and corporate compliance officer, as interim chief financial officer. Ms. Shannon's appointment will be effective June 12, 2009. Ms. Shannon has served as general counsel and corporate compliance officer for Horne International, Inc. since December, 2005.
Horne International Inc. announced that it has entered into a partnership with North Main Consulting to provide federal customers with high value Lean and Agile software development process consulting. The Lean and Agile software development consulting services will significantly enhance Horne International's technology service capabilities. The partnership between Horne International and North Main Consulting was formed to address the large and growing need for highly reliable, short-cycle delivery of mission critical IT systems across the federal enterprise. Lean and Agile software development processes are proven superior approaches to delivering high quality systems more efficiently and cost effectively than traditional approaches. Horne International's experience in program and process management in the federal government market provide a solid platform from which to offer the Lean and Agile software development consulting services to its federal government customers.
Horne International Inc. reported earnings results for the fourth quarter and full year of 2008. For the quarter, the company reported revenue growth as compared with the prior year, and positive income from continuing operations in the fourth quarter of 2008. Overall, the company reported a net loss of $170,000 due to asset write-downs in discontinued operations. For the full year, the company reported revenue of $4.9 million, losses from continuing operations of $4.1 million and a net loss of $6.1 million. Revenue decreased from 2007 due mainly to a one-time procurement sale of approximately $7.0 million in 2007. Net loss decreased by $13.0 million as compared with 2007, due to asset write-downs in discontinued operations and a net change in write-down related costs of $11.5 million between the years. The company anticipates that first quarter 2009 revenue will be approximately $850,000, with net loss expected to be approximately $175,000. The company expects future quarterly revenue to be higher as a slow start-up of new work impacted first quarter revenue and profit.
HNIN Competitors
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Industry Analysis
| Valuation | HNIN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.7x |
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HNIN transactions
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More Recent News About Horne International, Inc.
More news for HNIN
HORNE INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
Show all filings for HORNE INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 10-Q for HORNE INTERNATIONAL, INC. 12-Nov-2009Quarterly Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not inte...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements for the three and six month periods ended June 28, 2009 and June 29, 2008 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, consisting only of normal recurring accruals, considered necessary for a fair presentation of the Company's financial position, results of operations, and cash flows as of and for the periods presented. The results of operations for the period ended June 28, 2009 are not necessarily indicative of the results that may be expected for the year. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related footnotes included in the Company's Annual Report on Form 10-K for the year ended December 29, 2008. The Company has substantial liquidity challenges. While we continue to work towards profitability, there is significant uncertainty that the Company will have sufficient cash flow to sustain its operations. The Company continues to pursue additional funding sources in the event that funds from operations and affiliate financing are not sufficient to provide for our operations. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Business Horne International, Inc. (the "Company" or "We", "Us", "Our" or similar terms) is a technology and technical engineering so...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for HORNE INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for HORNE INTERNATIONAL, INC. 5-Jun-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational ...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion provides information which management believes is relevant to an assessment and an understanding of the Company's operations and financial condition. This discussion should be read in conjunction with the attached unaudited consolidated financial statements and accompanying notes as well as our annual report on Form 10-K for the fiscal year ended December 29, 2008. FORWARD-LOOKING STATEMENTS The matters discussed in our Quarterly Report on Form 10-Q may constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, activity levels, performance or achievements to be materially different from any future results, activity levels, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "could" "expect" "estimate" "may" "potential" "will" and "would" or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. We believe it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to predict or control accurately. The factors listed in the section captioned "Risk Factors," contained in our Annual Report of Form 10-K for the fiscal year ended December 29, 2008, as well as any cautionary language in the Form 10-Q, provide examples of ...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The financial and business analysis below provides information that the Company believes is relevant to an assessment and understanding of the Company's consolidated financial position, results of operations, and cash flows. This financial and business analysis should be read in conjunction with the consolidated financial statements and related notes. The following discussion and certain other sections of this report contain statements reflecting the Company's views about its future performance and constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These views involve risks and uncertainties that are difficult to predict, and accordingly, the Company's actual results may differ materially from the results discussed in such forward-looking statements. Readers should consider that various factors may affect the Company's performance. These factors include but are not limited to changes in general economic conditions and competitive market conditions; price pressures; relationships with key customers; and other factors discussed in Part I, Item 1A, "Risk Factors," and the sections entitled "Executive-Level Overview" and "Critical Accounting Estimates" below. The Company undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise. Executive-Level Overview The Company provides a variety of services through its wholly owned subsidiary - Horne Engineering Services, LLC. The provision of such services is largely dependent on the amount of U.S. government contracting in the areas of homeland security, environmental management, and infrastructure reconstruction. Significant changes to the spending levels in these areas may have a direct impact on the operations of the Company. The Company made the strategic decision to terminate ...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for HORNE INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for HORNE INTERNATIONAL, INC. 1-Dec-2008Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational ...Click here to read the whole Article (external link)
HORNE INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion provides information which management believes is relevant to an assessment and an understanding of the Company's operations and financial condition. This discussion should be read in conjunction with the attached unaudited consolidated financial statements and accompanying notes as well as our annual report on Form 10-K for the fiscal year ended December 30, 2007. FORWARD-LOOKING STATEMENTS The matters discussed in our Quarterly Report on Form 10-Q may constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, activity levels, performance or achievements to be materially different from any future results, activity levels, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "could" "expect" "estimate" "may" "potential" "will" and "would" or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. We believe it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to predict or control accurately. The factors listed in the section captioned "Risk Factors," contained in our Annual Report of Form 10-K for the fiscal year ended December 30, 2007, as wel...Click here to read the whole Article (external link)
