Jagged Peak up, Innovaro down

Jagged Peak Inc.
TAMPA — Jagged Peak Inc. (symbol: JGPK) earned $22.2 million in revenues in 2010, up 33% over the year. Those revenues led to an operating income of $683,200 for the Tampa-based e-commerce solutions provider, and a net income of $113,100.

Thus the climb of increasing profitability continues for Jagged Peak. The company posted small — albeit positive — operating incomes in each of the past three years, but its cumulative net losses between 2007 and 2009 were about $770,000.

But business is improving. Jagged Peak has earned profits in each of the last five quarters, records show.

Jagged Peak provides supply chain order management, fulfillment logistics and e-commerce software to clients around the world. Its flagship software application, known as EDGE (which stands for E-business Dynamic Global Engine), is used by such well-known brands as Zippo lighters, Nestle foods, Tag Heuer watches, and fashion designer Louis Vuitton.

Jagged Peak's common stock, which is available over the counter, is rarely traded. But with 16.02 million shares outstanding at a current per-share price of 9 cents, the company's total enterprise value roughly sits at $1.44 million.

Innovaro Inc.
TAMPA — Innovaro Inc. (symbol: INV), a technology-focused consulting firm, lost $19.1 million in 2010, despite earning $13.1 million in revenues. The company's annual expenses totaled $30.5 million.

More than half of those expenses were associated with non-cash items: investment losses, impairment charges, depreciation, amortization and stock compensation cost Innovaro $15.5 million.

Furthermore, despite using up most of its cash reserves in 2010 — down from $2.1 million to $262,000 — Innovaro remains saddled with significant debt. Its balance sheet shows $5.3 million in long-term indebtedness.

Regardless, with a current per-share price of $2.80 and roughly 14.1 million shares outstanding, Innovaro's business is worth just over $39 million. Innovaro stock is up 92% so far this year.