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SteelCloud Inc

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SteelCloud Inc.
(Nasdaq: SCLD)

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"SteelCloud Announces Fiscal 2008 Results"

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Financial Snapshot:

Business:
Network Technology
Exchange:
Nasdaq
Symbol:
SCLD
Current Price (03/05/09):
$0.12

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SteelCloud Inc. (Nasdaq: SCLD)

Detailed Quote: http://www.otcpicks.com/quotes/SCLD.php

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Company Overviewimg

Founded in 1987, SteelCloud, Inc. (Nasdaq: SCLD) is a leading engineering and manufacturing integrator specializing in network centric and embedded computing solutions for the federal marketplace and independent software vendors (ISVs). SteelCloud server platforms enable customers to support and deploy standards-based computing architectures and appliance-based applications on a global scale.

SteelCloud’s research and development investments are being made in proprietary software (intellectual property) products.  Its SteelWorks™ software adds self-management functionality to its appliance server offerings.  SteelWorks functionality is now being expanded to broaden its compatibility and to increase its disaster recovery capabilities.  SteelWorks gives the Company a visible and meaningful competitive advantage in the ISV marketplace.  In addition the Company is also investing in middleware software for its ATCA server line.

The Company’s ISO 9001:2000 certified Quality Management System establishes measurable quality objectives throughout the organization and provides procedures for continuous quality improvement in all aspects of the Company’s business. This certification is particularly critical to the Company’s success in the Federal Government market space as most government customers require their contractors and sub-contractors to be ISO 9001:2000 certified.

Located near Washington, D.C., the Company's worldwide customer base ranges from the U.S. Department of Defense to Government Security & Intelligence Agencies to some of the world's largest software and IT companies. The company has earned numerous awards such as the Inc. 500 Award, Washington Technology Fast 50, Federal Computer World 100, Lockheed Martin STAR Award and the Deloitte & Touche Fast 500.

Rugged Computing

SteelCloud is the proven choice of server and data storage solutions for the military industrial automation and businesses looking for more; organizations looking for gauranteed results SteelCloud specializes in providing custom computing hardware; solutions having remarkable performance, generous value, proven reliability, extended life-cycle and reduced form factor; new solutions based on our customers specification. Whether your needs are for warfighters, fire and rescue teams, industrial automation, telecommunications, or business, discover how we can meet your needs.

More efficient

We have the engineering resources, the manufacturing facilities, and the ISO 9001:2000 quality processes in place and operating over the past twenty years. We operate at a level of efficiency that is enviable in the specialty server industry.

More focused

Development and delivery of specialized servers is what we do – period. We don’t try to be all things nor do we attempt to serve all customers. We’re focused, we’re committed to quality, and we serve our customers well.

More accessible

Unlike an integrator’s remote operating division or sister organization, we are there when we’re needed. The integrator is our customer and our partner. We insist on participating fully and we add value at each stage of the project. And our headquarters and secure manufacturing facilities are right here in the Washington DC area.

Full Range of Services

SteelCloud provides a range of services to develop and deliver advanced platforms for federal integrators to use in delivering their comprehensive solutions. Beginning with a concept, SteelCloud’s Engineering Services help integrators bring their ideas and requirements into working prototypes. Our engineers work in tandem with the integrator’s to develop a platform that will meet or exceed the performance specs, provide the desired reliability, and that can be manufactured cost effectively.

SteelCloud’s Manufacturing Services turn that prototype into repeatable production units in compliance with of our ISO-9001:2000 certified quality management system. Our superior configuration management allows us to make the 10,000th unit match precisely the first one – down to the component and firmware level. This is the secret to our servers’ being imminently supportable – they all behave identically. This in return reduces costs, improves reliability, and yields more satisfied customers.

The partnership between SteelCloud and the integrator doesn’t end when the final unit is shipped. As the program progresses through it’s lifecycle, SteelCloud continues to provide Program Services designed to assure customer satisfaction and enhance the profitability of the solutions team. From repair and support options to technology refreshment, SteelCloud is committed to the overall success of the program.

Professional Services

SteelCloud’s professional services organization provides a suite of information technology solutions consisting of software products, hardware appliances and expert consulting services. Our mission is to exceed the expectations of our customers.

IT Services

SteelCloud’s full-solution capabilities are backed by years of experience with some of the world’s most demanding and discerning customers. Professional services are designed to help clients stay ahead of their customer and system user’s ever-increasing demands for faster and better IT services.

Security Consulting

Security consulting services include security audits, incident response and remediation, assessments and security planning.

Service Desk Solution

SteelCloud delivers patented technology service desk solutions for change management, asset tracking and help desk requirements. Flexible workflow software and solutions automate complex business processes and are easy to implement and use.

Technology Integration

SteelCloud has significant channel partnerships with leading software companies. Our security solutions provide immediate protection against security threats, including virus and hacker attacks. Service management packages identify problems and eliminate them before they impact end users. Channel partnerships enable SteelCloud to be the single source and point-of-contact for the software and any necessary services required to install and support new software applications.

IT Servicesimg

Project services are designed to help clients meet their existing and emerging IT requirements.

Our expertise emanates from our years of designing custom-network appliances and infrastructure server appliances. SteelCloud consultants are intimately familiar with network infrastructure complexities and security technologies including Firewalls, Content Inspection, Intrusion Detection, Spam and Vulnerability Scanning.

SteelCloud project consultants can be a natural, cost-effective extension of your IT department and are available on both short and long term assignments. They help take the risk out of network integration with certified engineers and programs helping customers manage their resources: budget, people, and the most elusive resource of all-time.

By helping customers make the best technology choices, we’re able to reduce their overall cost of ownership and optimize the customer’s return-on-investment. Customers are able to increase productivity and significantly decrease downtime while improving their overall bottom line.

Staffing

SteelCloud provides fulltime and contract staffing solutions for IT departments. Functioning as “virtual” employees, our personnel perform work directly under the auspices of client management and serve as an extension to the customer’s in-house staff resources.

By outsourcing their IT work, organizations can maximize their returns on internal resources by concentrating investments and energies on what their business is really all about.

SteelCloud consultants are experienced in all aspects of information systems development and support. Our staff consists of experienced certified IT specialists with the skills, experience and personality to meet your short and/or long term personnel requirements.

Our strengths lie in providing clients with executive/CXO-level, director and operational-level talent, the depth and breadth of which can be seen in our in-house availability and pipeline of talent across all levels of experience.

Security Consultingimg

SteelCloud solutions range from ready-to-use server applications to customer computer systems to software/services solutions for security and customer service applications.

Our server appliances are designed in concert with many of the world’s finest software manufacturer’s software companies. Each appliance design is optimized to execute a specific manufacturer’s software package such as an Internet Gateway Anti-Virus application. These turn-key appliances arrive at the customer location ready to run, providing complete tangible business results and a fast ROI on new technology investments.

Today’s ever-changing technical landscape makes the challenge of achieving fast ROI on new technology investments even more acute as software products become increasingly complex and most technical solutions now involve disparate products using dissimilar technologies from different vendors.

We address those needs by becoming the single-source for both the software product and the services needed to efficiently integrate the new product with a business’ existing infrastructure, network operating software, operational processes and personnel procedures.

We’re able to do this because of our Channel Partnerships with some of the world’s most renowned software companies. Our Security solutions provide immediate protection against security threats including virus and hacker attacks. Consulting and Staffing services are delivered by knowledgeable, experienced professionals who can help any organization optimize their IT investments.

SteelCloud’s IT solutions and services are ideal for any organization seeking integrated, predictive and highly effective IT performance.

Mobile Appliances

SteelWorks® Mobile is an integrated server appliance that enables virtually any size commercial or public sector organization to implement a BlackBerry® Enterprise Server (BES) at a fraction of the cost, time, and resource commitment. This powerful ‘plug & play’ BlackBerry appliance solution incorporates pre-configured server hardware, the BlackBerry® Enterprise Server, and SteelWorks® software. SteelCloud worked closely with Research In Motion (RIM) to create this unique “BES in a Box” appliance that will allow your organization to implement BES in under 30 minutes.

Management

Vice Admiral Burkhalter, Jr. USN (Ret.)
Chairman of the Board

Vice Admiral E. A. Burkhalter, Jr., USN (Ret.) has served as a Director of the Company since January 1997. Mr. Burkhalter has served as a member of the Audit, Executive and Compensation Committees of the Company’s Board of Directors since January 2004. Mr. Burkhalter is currently the President of Burkhalter Associates, Inc., a consulting firm providing services in the areas of international and domestic strategy, management policy and technology applications, for both government and industry. Mr. Burkhalter spent 40 years as a member of the United States Navy, during which time he held several positions, including Director of Strategic Operations for the Chairman of the Joint Chiefs of Staff. He is currently a member of the Defense Intelligence Agency Leadership Council. He is also a trustee of the US Naval Academy Foundation, and a trustee of the Benedictine Foundation.

Brian H. Hajost
President and CEO

Brian H. Hajost has most recently served as a consultant to the Company. From February 2007 until June 2008, Mr. Hajost served as Executive Vice President of Cryptek, Inc. Mr. Hajost served as Chief Operating Officer of the Company from December 2003 until June 2006 and President from June 2005 until June 2006. Prior to December 2003, he served as the Company's Executive Vice President of Sales & Marketing from June 2001 until his promotion to the COO position in 2003. Mr. Hajost also founded two consulting companies in 2006 and 2008.

Kevin Murphy
Chief Financial Officer & Executive Vice President

Kevin Murphy has served as Chief Financial Officer of the Company since January 2004. In October 2007, Mr. Murphy was also appointed as the Company's Executive Vice President. In December 2006, he was appointed as the Secretary of the Company. From May 2000 to December 2006, he served as the Company's Vice President of Finance and Administration and Assistant Secretary of the Company since May 2000. Prior thereto, he served as Chief Accounting Officer and Controller of the Company. Prior to May 2000, Mr. Murphy was employed by Ernst & Young, LLP where he served as a manager in the audit practice. Mr. Murphy holds a Bachelor of Business Administration degree from James Madison University. He is also a Certified Public Accountant.

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Recent SCLD News:

January 28 - SteelCloud Announces Fiscal 2008 Results

SteelCloud, Inc. (Nasdaq: SCLD), a leading integrator of network-centric, embedded computing and server appliances today announced financial results for its 2008 fiscal year which ended on October 31, 2008. Annual revenues for fiscal 2008 were approximately $19.0 million compared to $23.3 million in fiscal 2007. The annual net loss for fiscal 2008 was $2.7 million compared to a net loss of $1.9 million in fiscal 2007. Fourth quarter fiscal 2008 revenues were approximately $2.3 million with a net loss of $1.2 million or $.08 per share.

'Our fourth quarter and annual results reflect the impact of the overall current economic environment,' said Brian Hajost, SteelCloud's newly appointed President and CEO. 'Recognizing the realities of the new economy, we have already begun to implement a plan for SteelCloud to reduce expenditures to weather this downturn, while at the same time focusing on sales and strategic opportunities that will ultimately revitalize the Company. As you would expect, this plan may take a couple of quarters; however, if executed carefully, we believe we will exit the downturn a stronger, leaner, more profitable company.'


SteelCloud Inc.
14040 Park Center Road, Suite 210
Herndon, VA 20171
Phone: (703) 674-5500
Fax: (703) 674-5506
www.steelcloud.com

 

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