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June 14, 2005 Stock Pick: BackWeb Technologies Ltd. (BWEB)

Stock Price: $0.48

BackWeb Technologies Ltd. is a a leading provider of offline and mobile Web software. The company's products are designed to reduce network costs and improve the productivity of an increasingly mobile workforce.

On April 21st, BackWeb Technologies announced cutting their Q1 net loss to $249,000 from $1.37 million for the same period last year. Revenues were $1.66 million flat over Q1 last year.

The company has over $10 million in cash on the balance sheet and no long-term debt. Assets exceed liabilities 3 to 1 and the company has significantly improved its operating cash flows over the past several quarters.

BWEB is at its six month bottoming range and should only head higher from here. The next quarterly report will be released on or around July 21st, we expect breakeven or better earnings and a slight increase in revenues.

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