Aladdin Knowledge Systems Reports Record Revenues and Earnings For the First Quarter; Sales Rise 68 Percent, Net Income Up 54 Percent.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)--May 1, 1995--Aladdin Knowledge Systems Ltd. (NASDAQ/NMS: ALDNF) today reported record revenues and earnings for the first quarter ended March 31, 1995. Sales for the quarter rose by 68 percent to $2.568 million, compared with $1.525 million during the first quarter of 1994. Net income for the quarter reached $811,000, a 54 percent increase over net income of $525,000 for the comparable 1994 quarter. Earnings per share for the quarter were $0.19, based on 4,313,000 shares outstanding, compared with $0.12 in the first quarter of 1994, based on 4,275,000 shares outstanding, a gain of 58 percent. Nurit Benjamini, 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. s Vice President for Finance, said the first quarter results do not fully reflect Aladdin s acquisition of the software protection business of EliaShim Microcomputers Ltd., since the transaction did not become effective until March 7, 1995. During the first quarter Aladdin appointed ap·point tr.v. ap·point·ed, ap·point·ing, ap·points 1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company. 2. a new distributor in Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). , Aladdin Software Security R.D. Ltd. ( ASSRD ). The founders of ASSRD have extensive experience in the software security field. David Glassman The name Glassman may refer to:
This page or section lists people with the surname Glassman. , Aladdin s Vice President for Marketing and Sales, said Aladdin s existing Russian Russian associated in some way with Russia. Russian blue a breed of cats with short, dense, silver-tipped blue-colored coat and vivid green eyes. client base positions it as the largest supplier of software protection products in Russia. Mr. Glassman added: This appointment is part of the trend that has firmly established Aladdin as the fastest growing company in the software protection industry. Aladdin now has subsidiaries and distributors in nearly 30 countries, and we expect to expand our global presence by adding new distributors during 1995. 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 world leader in the field of software security. The Company designs, develops, manufactures and markets HASP (Houston Automatic Spooling Program) A mainframe spooling program that provides task, job and data management functions. HASP - Houston Automatic Spooling Program ., a family of proprietary software security products that combine hardware and software to prevent unauthorized use of computer programs. -0-
ALADDIN KNOWLEDGE SYSTEMS, LTD.
CONSOLIDATED SUMMARY OF RESULTS
(U.S. dollars, in thousands, except for per share amounts)
Three months period ended March 31,
1995 1994
Sales $2,568 $1,525
Cost of sales 644 480
Gross profit 1,924 1,045
Research and development
costs-net 207 31
Selling expenses 578 309(a)
General and administrative 300 207(a)
------- --------
1,085 547
Operating income 839 498 Financing income, net 90 117 Other expenses 49 2 Income before taxes 880 613 Taxes on income 69 88 Net income $811 $525 Earnings per share $0.19 $0.12 Weighted average number of shares outstanding 4,313 4,275 (a) reclassified -0-
ALADDIN KNOWLEDGE SYSTEMS, LTD.
CONSOLIDATED BALANCE SHEETS
(U.S. dollars, in thousands)
March 31, 1995 Dec. 31, 1994
Assets
Current Assets
Cash and cash equivalents $449 $950
Short term deposits 1,065 962
Marketable securities 6,613 6,871
Trade receivables 1,485 1,167
Other receivables 644 636
Inventories 776 750
------ ------
11,032 11,336
Investment and loans 37 46
Fixed assets-net 1,043 857
Other assets 1,592 103
------ -----
13,704 $12,342
Liabilities and shareholders' equity
Current Liabilities
Trade accounts payable $944 $638
Other liabilities 260 406
----- ------
1,204 1,044
Accrued severance pay, net 168 150 Minority interest 11 5
Shareholders' Equity
Share capital 16 16
Additional paid-in capital 8,778 8,600
Unrealized holding loss from
"Available-for-sale"
securities (689) (878)
Retained earnings 4,216 3,405
12,321 11,143
------- ------
$13,704 $12,342
-0- CONTACT: Nurit Benjamini Aladdin Knowledge Systems 011-972-3-537-5795 or Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Rinderman 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 212-752-0504 |
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