4Front Software International, Inc. announces fiscal 1996 first quarter results.LONDON--(BUSINESS WIRE)--May 23, 1996--4Front Software International, Inc. ("4Front") (Nasdaq Small-Cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock Symbol: FFST FFST First Failure Support Technology FFST Fat Free Soft Tissue FFST Full and Flat Square Tube (Cathode Ray Tube design) ) today announced results for the first quarter ended April 30, 1996. -0-
Highlights
First Quarter ended April 30,
1996 1995 %Increase
Revenues $ 10,550,000 $ 4,645,000 127% Net income $ 198,000 $ 114,000 74% Net income per share $ 0.07 $ 0.05 40%
For the first quarter ended April 30, 1996, revenues increased 127%
to $10,550,000, versus $4,645,000 reported for the comparable
year-ago period. Net income for the most recent quarter was
$198,000, or $0.07 per share (based on 3,011,000 weighted average
shares outstanding), versus $114,000, or $0.05 per share (based on
2,535,000 weighted average shares outstanding), for the comparable
year-ago period.
4Front Software International, Inc., a UK-based specialized computer
services company provides a wide range of specialized high-end
information technology solutions and services principally to
Financial Times UK Top 500 companies and government authorities. The
Company provides key elements of distributed computing, including
systems development and integration, storage and client-server
solutions and products, as well as extensive hardware and software
support services. The Company's customers include National
Westminister Bank plc, British Aerospace plc, Oracle Corporation,
Royal Dutch/Shell Group plc, Orange plc, Cambridge University and the
British Ministry of Defense.
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4FRONT SOFTWARE INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share data)
For the Three Months Ended
April 30, April 30,
1996 1995
(unaudited) (unaudited)
REVENUES: $ 10,550 $ 4,645 Cost of revenues 7,279 2,799 Gross profit 3,271 1,846
OPERATING EXPENSES:
Selling, general and
administrative 2,712 1,502
Depreciation and amortization 143 82
Total Operating Expenses 2,855 1,584
INCOME BEFORE INTEREST EXPENSE,
INCOME TAXES AND SHARE OF RESULTS
IN EQUITY INVESTEE 416 262
SHARE OF RESULTS IN EQUITY
INVESTEE (52) 0
NET INCOME $ 198 $ 114 NET INCOME PER COMMON SHARE $ 0.07 $ 0.05 Weighted average number of common shares outstanding 3,011,000 2,535,000 -0- CONTACT: 4Front Software International, Inc. Mark Ellis Mark Ellis is the name of:
011/44-1923-816266 or Investor Relations Investor relations The process by which the corporation communicates with its investors. : Jason Thompson Jason Thompson can refer to different people:
212/838-3777, ext. 124 |
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