Aladdin Knowledge Systems Ltd. Announces Record Revenues and Net Income; Second Quarter Sales Rise 67%; Net Income Up 49% First Half Sales Rise 68%; Net Income Up 52%.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)--August 7, 1995--Aladdin Knowledge Systems Ltd. (NASDAQ/NMS: ALDNF) today reported record revenues and earnings for the second quarter and six months ended June June: see month. 30, 1995. Sales for the second quarter rose by 67 percent to $2.8 million, compared with $1.679 million during the second quarter of 1994. Net income for the second quarter reached $887,000, a 49 percent increase over net income of $595,000 for the comparable 1994 quarter. Earnings per share for the second quarter were $0.20 based on 4.499 million shares outstanding, compared with $0.14 per share in the second quarter of 1994, based on 4.278 million shares outstanding, a gain of 43 percent. Sales for the six months rose by 68 percent to $5.368 million, compared with $3.204 million for the comparable 1994 period. Net income for the six months reached $1.698 million, a 52 percent increase over net income of $1.12 million in the same period last year. Earnings per share for the first half of 1995 were $0.38, based on 4.442 million shares outstanding, compared with $0.26 per share for the 1994 period, based on 4.276 million shares outstanding. David Glassman The name Glassman may refer to:
This page or section lists people with the surname Glassman. , Aladdin's Vice President for Marketing & Sales, added that during the 2nd quarter Aladdin Aladdin Hero of a well-known story in The Thousand and One Nights. The son of a poor widow, Aladdin is a lazy, careless boy who meets an African magician claiming to be his uncle. continued to expand its global presence by adding new international distributors. "Together with Athena Athena (əthē`nə), or Pallas Athena (păl`əs), in Greek religion and mythology, one of the most important Olympian deities. Research, our current distributor in Japan, we recently started Aladdin Japan. We also appointed two new distributors in India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. and Romania Romania (rōmān`ēə, –yə) or Rumania (r  –), republic (v), 91,699 sq mi (237,500 sq km), SE Europe. during the quarter."
Aladdin Knowledge Systems Aladdin Knowledge Systems NASDAQ: ALDN is a company that provides solutions for software digital rights management and Internet security since 1985. Its corporate headquarters are located in Tel Aviv, Israel. Ltd. is a market leader in the field of software security systems. Aladdin manufactures and markets proprietary software security systems, including the HASP (Houston Automatic Spooling Program) A mainframe spooling program that provides task, job and data management functions. HASP - Houston Automatic Spooling Program (Hardware Against Software Piracy The illegal copying of software for distribution within the organization, or to friends, clubs and other groups, or for duplication and resale. The software industry loses billions of dollars each year to piracy, and although it may seem innocent enough to install an application on a ) and CodeSafe product lines, that combine hardware and software to prevent unauthorized use of computer programs. -0- Aladdin's management will hold a teleconference call on Tuesday Tuesday: see week. , August 8, at 10:30 am (Eastern time) to discuss the Company's recent results. Those wishing to participate may call 913-661-9137 shortly before the 10:30 am starting time Noun 1. starting time - the time at which something is supposed to begin; "they got an early start"; "she knew from the get-go that he was the man for her" commencement, get-go, offset, outset, showtime, start, kickoff, beginning, first . A replay of the call in its entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. will be available at 1-800-776-0700 (confirmation code 176739). -0-
Aladdin Knowledge Systems Ltd.
Summary of Results
(Unaudited)
(U.S. dollars, in thousands
-except for per share amounts)
Three-month Six-month
period ended period ended
June 30, June 30,
1995 1994 1995 1994
Sales $2,800 $1,679 $5,368 $3,204 Cost of sales(a) 771 561 1,432 1,052 Gross profit 2,029 1,118 3,936 2,152
Research and 227 76 434 107
development
costs - net
Selling expenses(a) 716 208 1,277 506
General and 282 213 582 420
administrative
1,225 497 2,293 1,033
Operating income 804 621 1,643 1,119
Financing income, 114 40 204 157 net Other income 31 1 (18) (1) (expense) Income before taxes 949 662 1,829 1,275 Taxes on income 62 67 131 155 Net income $887 $595 $1,698 $1,120 Earnings per share $0.20 $0.14 $0.38 $0.26 Weighted average 4,499 4,278 4,442 4,276 number of shares outstanding (a) reclassified
Aladdin Knowledge Systems Ltd.
Balance Sheets
(U.S. dollars, in thousands)
Jun. 30, 1995 Dec. 31, 1994
(Unaudited) (Audited)
Assets
Current assets
Cash and cash equivalents $829 $950
Short term deposits 2,041 962
Marketable securities 6,107 6,871
Trade receivable 1,576 1,167
Other receivables 902 636
Inventories 712 750
------ ------
12,167 11,336
Investment and loans 145 46
Fixed assets, net 1,221 857
Other assets, net 1,636 103
------- -------
$15,169 $12,342
Liabilities and shareholder's equity
Current liabilities
Trade accounts payable $568 $638
Other liabilities 807 406
----- -----
1,375 1,044
Accrued severance pay, net 172 150
Minority interest 22 5
Shareholders' Equity
Share capital 16 16
Additional paid - in capital 8,926 8,600
Unrealized holding losses from (445) (878)
"Available-for-sale" securities
Retained earnings 5,103 3,405
------ ------
13,600 11,143
------ ------
15,169 12,342
CONTACT: Aladdin Knowledge Systems Ltd., Tel Aviv Nurit Benjamini, CFO See Chief Financial Officer. , +972 3 537 5795 or 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. Co., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Robert Rinderman, 212-752-0504 |
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