ADD to BW1313, ALADDIN.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Nov. 6, 1996--Add to BW1313 (ALADDIN) Reports 3Q96 and Nine Months Results:
Aladdin Knowledge Systems Ltd.
Summary of unaudited results
(U.S. dollars, in thousands-except for per share amount)
Three-month period Nine-month period
ended ended
Sept. 30, Sept. 30,
1996 1995/a 1996 1995/a
Sales $6,323 $5,539 $20,267 $17,796
Cost of sales 2,124 1,534 6,135 4,994
Gross profit 4,199 4,005 14,132 12,802
Research and development, net 708 635 2,018 1,543
Selling and marketing 1,923 1,025 5,413 3,035
General and administrative 717 664 2,100 1,919
Combination and
reorganization expenses 5,444
3,348 2,324 14,975 6,497
Operating (loss) income 851 1,681 (843) 6,305
Financial income, net 166 242 659 664
Other income (expenses) 44 11 (7,318) (1)
Income (loss) before taxes 1,061 1,934 (7,502) 6,968
Taxes on income (benefit) (118) 788 (2,294) 2,725
Net income (loss) $1,179 $1,146 $(5,208) $4,243
Earnings (loss) per share $0.12 $0.12 $(0.52) $0.43
Weighted average number of
shares outstanding 10,049 9,938 10,016 9,845
(1) Restated to reflect the business combination with FAST in a
pooling of interest transaction.
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Aladdin Knowledge
Systems Ltd. Balance Sheets
(U.S. do, in thousands)
September 30 December 31,
1996 1995
(Unaudited) (Audited)
(1)
Assets
Current assets
Cash and cash equivalents $3,266 $2,190
Short term bank 2,292 2,431
deposits
Marketable securities 129 6,645
Trade receivables, net 3,663 3,999
Other receivables 1,766 1,344
Inventories 3,261 1,972
14,377 18,581
Investment and loans 18 185
Notes receivables - 4,487 13,244
related parties
Fixed assets, net 2,487 1,813
Deferred taxes 10,723 ---
Other assets, net 4,442 1,592
$36,534 $35,415
Liabilities and shareholders' equity
Current liabilities
Short - term bank credit $-- $100
Trade accounts payable 1,291 1,162
Income taxes payable 1,639 5,513
Other liabilities 1,829 3,631
4,759 10,406
Accrued severance pay, net 214 187
Minority interest 18
Shareholders' Equity
Share capital 33 33
Additional paid - in capital 26,439 13,908
Unrealized holding losses from
"Available-for-sale" securities (435) (370)
Translation adjustments (1) 500
Retained earnings 5,525 10,733
31,561 24,804
$36,534 $35,415
(1) Restated to reflect the business combination with FAST in a
pooling of interest transaction.
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CONTACT: Aladdin Nurit Benjamini, 972-3-636-2222 or The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Company Inc, Katerina Katerina may refer to: People with the given name Katerina:
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