1MAGE Reports Third Quarter Results.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Nov. 14, 1997--1MAGE Software Inc. (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 :ISOL), a provider of document imaging software, today announced its third quarter results. Revenue for the third quarter of 1997 was $388,610 as compared to $564,904 in the third quarter of 1996. The company reported a third quarter loss of ($168,278), or $(0.08) per share vs. $6,737 or $.00 per share for the same quarter a year ago. Although the company's system sales System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. for the quarter were disappointing, revenue from recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. annual license fees increased 28% over the third quarter last year. For the second consecutive quarter, software sales from resellers exceeded those from end-users. The company's strategic plan is to sell indirectly through resellers, as well as to end-users. This distribution channel has taken longer than anticipated to show substantial results. -0-
Third Quarter Ended Nine Months Ended
Sept. 30 Sept. 30
1997 1996 1997 1996
Revenue $388,610 $564,904 $1,562,165 $1,534,863
Net Income (Loss) (168,278) 6,737 (233,104) 85,576
EPS $ (.08) $ .00 $ (.11)$ .04
Shares outstanding 2,149,400 2,129,563 2,148,178 2,023,763
1MAGE(R) is a comprehensive electronic document management (EDM (Engineering Data Management) An information system that maintains the details of all engineering data while the product is in the design and concept phase. This includes geometry and changes to geometry. See PLM. EDM - Electronic Data Management ) and retrieval system developed for the MultiValue Relational Data Base Management Systems (RDBMS (Relational DataBase Management System) See relational database and DBMS. RDBMS - relational database ) users by 1MAGE Software Inc. of Englewood, Colo. 1MAGE(R) is marketed through a direct sales force and through an international network of Value Added Resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). (VARs). For additional information contact 1MAGE at 303/773-1424 or www.1mage.com. CONTACT: 1MAGE Software Inc., Englewood 303/773-1424 marketing@1mage.com |
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