Zacks.com Announces That Ian Wyatt Highlights the Following Stocks: Sonic Solutions, IMPAX Laboratories, Bankrate, and Greg Manning Auctions.Business Editors CHICAGO--(BUSINESS WIRE)--May 14, 2004 The market hasn't been too cooperative for investors of late, but undiscovered growth stocks never go out of style. Ian Wyatt keeps extensive tabs on all of his portfolio positions, and offers an update on four stocks that may be worth your while. Read about Sonic Solutions Sonic Solutions NASDAQ: SNIC is a digital media company based in Novato, California, USA. It was created in 1986 by former Lucasfilm employees who developed the AudioDroid digital audio editing system as part of the Droidworks project. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SNIC SNIC Singapore National Institute of Chemistry SNIC Snow and Ice Clearance SNIC Sub-Network Independent Convergence (functions) SNIC Standard Network Interface Card ), IMPAX Laboratories (NASDAQ:IPXL), Bankrate (NASDAQ:RATE), and Greg Manning Auctions (NASDAQ:GMAI GMAI Global Media AIDS Initiative GMAI Greg Manning Auctions, Inc ). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84 Here are the highlights from the Featured Expert column: Sonic Solutions Reports Blowout Blowout The rapid sale of all shares in a new securities offering. See: hot issue. blowout The nearly immediate sale of a new security issue because of great investor demand. See also hot issue. Quarter & Year Sonic Solutions (NASDAQ:SNIC) reported fiscal fourth quarter and full year financial results that exceeded Ian Wyatt's expectations. For the fourth quarter, revenues grew 82% to $17.3 million from $9.47 million, while net income came in at $4.34 million or $0.17 per share, versus $145,000 or a penny a share in Q4 2003. Based on the mid-range of management's EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. guidance of $0.75, Wyatt arrives at a forward PE of 25. He believes this valuation underscores Sonic Solution's financial performance and strong outlook for fiscal 2005. He believes within the next 12-months Sonic Solutions should trade at a multiple of 35-times fiscal 2005 EPS of $0.75. This translates into a share price target of $26. IMPAX Labs Announces Q1 2004 Earnings IMPAX Laboratories (NASDAQ:IPXL) announced first quarter 2004 financial results on Wednesday (5/5). For the first three months of 2004 ending March 31st, IMPAX experienced revenues of $38.85 million, up 240% from the $11.42 million in revenues in Q1 2003 and up 130% over Q4 2003 revenues of $16.83 million. Net income for Q1 2004 came in at $9.05 million, or $0.14 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share. This is a vast improvement over the year ago Q1 net loss of ($3.2) million, or ($0.07) per diluted share. Wyatt attributes this broad success to the company's effective growth strategy, spearheaded by a winning research and development team and IMPAX's aggressive FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. drug filing schedule, which has seen five FDA approvals thus far in 2004, with 17 applications currently pending approval. Bankrate Beats Estimates Bankrate (NASDAQ:RATE) on Tuesday (5/4) reported revenue growth of 20% in the first quarter to a record $10.3 million. During the period net income grew 17% to $2.4 million or $0.15 per share. Cash grew to $21.6 million, an increase of $9 million over Q1 2003, which translates to $1.35 per share. In Wyatt's opinion this quarter marks continued solid growth for Bankrate. Since initiating coverage of the company almost two years ago, the firm has clearly matured, and as a result, both top and bottom line growth have slowed. The market continues to value Bankrate on the basis of interest rate movements and mortgage rates despite the diverse offerings available to consumers at the company's web site. The drop of mortgage related traffic as reported in the Q1 press release further indicates that Bankrate is successfully shifting traffic from its mortgage related tools and offerings toward other financial instruments of interest to consumers. Greg Manning Auctions Announces Q3 2004 Record Earnings Greg Manning Auctions (NASDAQ:GMAI) recently reported fiscal third quarter 2004 earnings, setting another record for the company's performance and exceeding their own guidance. Aggregate sales in Q3 2004 came in at $80.9 million, up 158% over Q3 2003 sales of $31.3 million. Revenues were up 143% to $64.5 million and net income for the quarter increased from $2.1 million in Q3 2003 to $6.5 million in Q3 2004, a 215% rise! Earnings per share were $0.23 per diluted share, compared to $0.16 per diluted share in Q3 2003, a 44% rise in year over year quarterly EPS. These strong results are attributable to success from recent acquisitions, strength in the collectibles marketplace and specifically in the company's European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. operations, which exhibited exceptional growth. Learn more about the above-mentioned companies, and make sure to view all of the stocks in Ian Wyatt's portfolio by clicking: http://at.zacks.com/?id=85 About Zacks Featured Experts To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. 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