ARI reports first quarter up 48 percent over last year; third consecutive quarter of revenue growth.MILWAUKEE--(BUSINESS WIRE)--Nov. 21, 1996--ARI Network Services Inc. (NASDAQ/NMS:ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine ), a leading provider of Internet-enabled electronic commerce services, today announced its results for the first quarter ended Oct. 31, 1996. First quarter total revenue was $1.68 million, a gain of 48 percent over last year's first quarter. 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. revenues were $1.12 million, up 18 percent over the first quarter of last year, while non-recurring revenues tripled. Non-recurring revenues typically represent new sales, which usually generate recurring revenues in subsequent quarters. "We are delighted to see the continuing positive results of our efforts to increase sales," said Brian Dearing Brian "Stag" Dear (born September 18 1943 in Plaistow, London) is an English former footballer who played as a striker. Dear started his career with West Ham United, joining the club at the age of 15. , ARI's president and chief executive officer. "We have now strung together three straight quarters of year-over-year revenue growth. I am very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about our prospects for continued growth, especially given the recent arrival of our new Vice President of Sales, John Bray People known as John Bray include:
Bray, who joined the company last month after 16 years of successful sales and sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a at Western Union, AT&T and GE Information Services (networking, company) GE Information Services - One of the leading on-line services, started on 1st October 1985, providing subscribers with hundreds of special interest areas, computer hardware and software support, award-winning multi-player games, the most software files in the , added, "We are totally committed to driving a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , sustainable increase in revenues by providing added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
parts catalogue catalogue, catalog - a complete list of things; usually arranged systematically; "it does not pretend to be a catalog of his achievements" to the company's arsenal of products and services for the equipment industry, as well as bringing in some top sales and technical talent." Revenues were up over last year for all of the company's product lines and vertical market segments. The increase in revenues was paced by strong sales of Meppel Meppel ( (helpinfo)) is a municipality and a city in the northeast of the Netherlands, in the south-west of the province Drenthe. Population centres (TM), a newly announced PC software package which facilitates EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. transactions, and ARISE(TM), a sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. platform released last year, as well as continued growth in Dealer Communications and Directory Services. Net loss per share of (8 cents) was flat compared to both last year's first quarter and to the previous quarter. "We are tracking to our plan," said Dearing Dearing, as a name, may refer to:
Company Background __________________ ARI ARI Acute respiratory infection, see there is a provider of standards-based, Internet-enabled electronic commerce services for selected commercial communities and distribution channels. ARI currently serves agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. , freight transportation and newspaper publishing with a complete suite of software, services and support that helps streamline channels of distribution by automating the flow of commercial information among trading partners. ARI builds and manages electronic commerce databases, including electronic parts catalogs and industry common directories of products, companies and locations. ARI also provides data management services for individual companies. ARI's dealer and distributor management systems provide an electronic pathway pathway /path·way/ (path´wa) 1. a course usually followed. 2. the nerve structures through which an impulse passes between groups of nerve cells or between the central nervous system and an organ or muscle. for sales reports, product ordering, warranty registrations and other transactions between a manufacturer and its distribution channel. -0-
ARI NETWORK SERVICES INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(in 000's)
Three months ended
Oct. 31
1996 1995
Net revenues:
Network & other services $1,328 $1,056
Software & development 355 81
______ ______
1,683 1,137
Operating expenses:
Variable costs of products and services
sold:
Network & other services 268 207
Software & development 213 16
______ ______
481 223
Depreciation and amortization 528 385
Network operations 229 223
Selling, general and administrative 1,316 1,089
Network construction and expansion 326 441
Less: capitalized portion (138) (320)
______ ______
Net network construction and expansion 188 121
______ ______
Total operating expenses $2,743 $2,041
______ ______
Operating loss ($1,060) ($904)
Other income (expense) (90) (53)
______ ______
Net income (loss) ($1,149) ($957)
______ ______
Average common shares outstanding 13,726 12,187
Net loss per share ($0.08) ($0.08)
______ ______
ARI NETWORK SERVICES INC.
CONSOLIDATED BALANCE SHEET
(In 000's)
Unaudited Financial Statements
Oct. 31 Oct. 31
ASSETS 1996 1995
Current assets:
Cash and cash equivalents $594 $230
Receivables:
Trade 1,170 585
Other 41 27
Prepaid expenses 75 165
______ ______
Total current assets 1,880 1,007
Equipment & leasehold improvements:
Network system hardware 3,492 2,747
Leasehold improvements 239 239
Furniture & equipment 331 1,031
______ ______
4,062 4,017
Less accumulated depreciation &
amortization (3,826) (3,275)
______ ______
Net equipment and leasehold improvements 236 742
Network system:
Network platform 11,466 11,484
Industry specific applications 16,921 15,359
______ ______
28,387 26,843
Less accumulated depreciation &
amortization (19,363) (17,488)
______ ______
Net network systems 9,024 9,355
______ ______
Total Assets $11,140 $11,104
______ ______
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities:
Line of credit $1,465 $2,100
Accounts payable 627 501
Unearned income 378 254
Accrued payroll and related expenses 402 362
Other current liabilities 309 198
Current portion of capital lease obligations 110 64
______ ______
Total current liabilities 3,291 3,479
Capital lease obligations 18 58
Shareholders' equity:
Common stock 14 12
Additional paid-in capital 79,620 74,961
Accumulated deficit (71,803) (67,406)
______ ______
Total shareholders' equity 7,831 7,567
______ ______
Total Liabilities & Shareholders'
Equity $11,140 $11,104
______ ______
EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : There is a backward slash, followed by an asterisk (1) See Asterisk PBX. (2) In programming, the asterisk or "star" symbol (*) means multiplication. For example, 10 * 7 means 10 multiplied by 7. The * is also a key on computer keypads for entering expressions using multiplication. , between "cd" and ".IMG" as referenced in that company's name above. There is also an "at" symbol following "krajcir" and "brudolph" in the E-mail addresses See Internet address. e-mail address - electronic mail address below. These symbols may not appear properly in some systems. CONTACT: ARI Network Services Inc., Milwaukee Milwaukee (mĭlwŏk`ē), city (1990 pop. 628,088), seat of Milwaukee co., SE Wis., at the point where the Milwaukee, Menominee, and Kinnickinnic rivers enter Lake Michigan; inc. 1846. Nancy Krajcir, 414/283-4380 Fax: 414/283-4357 E-mail: krajcir@arinet.com World Wide Web: http://www.arinet.com or Miller/Shandwick Technologies, Boston Barbara Rudolph, 617/536-0470 Fax: 617/536-2772 E-mail: brudolph@millercom.com |
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