Opnet Technologies Inc.
7255 Woodmont Ave.
Bethesda, Md. 20814
www.opnet.com Year founded: 1986 Industry: Telecommunications Revenue: $52.50 Million Net Income/Loss: $4.70 Million Earnings per share: $0.24 Dividend: n/a Stockholder equity: $93.60 Million Auditor: Deloitte & Touche LLP Stock: OPNT Assets: $111.20 Million Market capitalization: $320.69 Million 52-week high: 21.37 1/27/2004 52-week low: 5.14 4/15/2003 Chairman and CEO: Marc A. Cohen President and CTO: Alain J. Cohen Employees: 300 Local employees: 204 Description: Opnet makes software that allows companies and government agencies to see what is happening on their data and voice networks, including computer simulations of traffic that let them predict the performance of a network under different conditions. That lets them diagnose problems quickly, sometimes before they happen. Developments: Opnet's revenue and earnings returned to healthy growth levels in 2003, ending the slump it hit in 2002 when the telecommunications industry was in freefall. Despite its relative youth, the eight-year-old company eked out profits throughout the downturn, largely by boosting sales to government agencies to compensate for shrinking contracts from private-sector telecom carriers that had been its key customers. Government sales accounted for 45 percent of Opnet's revenue last year, nearly double what they were a few years ago. Opnet also is aggressively marketing scaled-down versions of its network monitoring tools to corporations. In January 2004 Opnet won a $3.5 million extension of its year-old contract to provide network analysis tools for the Defense Department's NETWARS project, a computer system giving military analysts a simulated view of battlefield operations. U.S. military agencies also used other forms of Opnet software last year for operations in Iraq and Afghanistan. Alain J. Cohen, Opnet's president and chief technical officer, said the company hired 10 percent more people last year and expects to hire more this year. Some 204 of Opnet's 300 workers are in the Washington region. Opnet is also expanding internationally, Cohen said, noting that the company is stepping up sales from an office in Europe. "This year we will also announce several important partnerships with major players in the information technology industry," he said. Though the company's fiscal year ends in March, the above figures are for the 2003 calendar year.
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