Altris Software Announces Second Quarter 2001 Results; Over 500% Growth in License Revenue.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers SAN DIEGO--(BUSINESS WIRE)--May 8, 2001 Altris Software, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ALTS ALTS Association for Local Telecommunications Services ALTS Aarhus Lawn Tennis Selskab (Denmark) ALTS Annotated Labeled Transition System ALTS Analogue Line Terminating Subsystem ALTS Automatic Laser Tracking System ) today reported results of operations for its fiscal quarter ended March 31, 2001. Total revenues for the three and six months ended March 31, 2001 were $3.3 million and $6.2 million, respectively, compared to $1.7 million and $3.3 million for three and six months ended March 31, 2000. Altris reported a net loss for the three months ended March 31, 2001 of $89,000 or $0.00 per share compared to a net loss of $565,000 or $(0.05) per share for the three months ended March 31, 2000. For the six months ended March 31, 2001 the company reported net income of $38,000 or $0.00 per share, compared to a net loss of $1.2 million or $(0.09) per share for the six months ended March 31, 2000. Earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. software costs that totaled $258,000 and $502,000 for the three and six months ended March 31, 2001 as compared to $233,000 and $504,000 for the corresponding periods in the prior year. Roger Erickson Erickson can refer to several persons:
Erickson added, "During the quarter, we continued to make significant investments in sales and marketing as part of our strategy to build our sales pipeline. Although the general economic downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. has slowed IT purchases, we were able to increase revenues based on the strength of orders from customers such as Railtrack The references in this article would be clearer with a different and/or consistent style of citation, footnoting or external linking.
"Our recently held Annual User Conference was a huge success with customers and partners who attended from around the world. Excellent presentations by customers including Railtrack, Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. and Continental Airlines demonstrated the versatility and flexibility of the Altris eB product and stimulated new ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. for eB applications within other users' organizations," Erickson concluded. Based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , Altris Software delivers enterprise-wide document management software to its customers around the world. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Except for historical information contained herein, the matters set forth in this release include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the company's SEC filings.
ALTRIS SOFTWARE, INC.
Consolidated Statements of Operations
(Unaudited)
For the three months For the six months
ended March 31, ended March 31,
----------------------- ----------------------
2001 2000 2001 2000
----------- ---------- ---------- ----------
Revenues:
Licenses $ 1,487,000 $ 240,000 $ 2,868,000 $ 653,000
Services and other 1,822,000 1,427,000 3,342,000 2,670,000
----------- ----------- ----------- -----------
Total revenues 3,309,000 1,667,000 6,210,000 3,323,000
----------- ----------- ----------- -----------
Cost of revenues:
Licenses 457,000 277,000 795,000 570,000
Services and other 1,108,000 737,000 1,989,000 1,408,000
----------- ----------- ----------- -----------
Total cost of
revenues 1,565,000 1,014,000 2,784,000 1,978,000
----------- ----------- ----------- -----------
Gross profit 1,744,000 653,000 3,426,000 1,345,000
----------- ----------- ----------- -----------
Operating expenses:
Research and
development 453,000 415,000 939,000 931,000
Marketing and
sales 1,032,000 316,000 1,896,000 629,000
General and
administrative 369,000 341,000 711,000 754,000
----------- ----------- ----------- -----------
1,854,000 1,072,000 3,546,000 2,314,000
----------- ----------- ----------- -----------
Loss from operations (110,000) (419,000) (120,000) (969,000)
Gain on sale of
interest in
subsidiary -- -- 125,000 75,000
Interest and other
income 24,000 1,000 38,000 13,000
Interest and other
expense (3,000) (147,000) (5,000) (296,000)
----------- ----------- ----------- -----------
Net income (loss) $ (89,000)$ (565,000)$ 38,000 $(1,177,000)
=========== =========== =========== ===========
Basic net income
(loss) per common
share $ -- $ (0.05)$ -- $ (0.09)
=========== =========== =========== ===========
Diluted net income
(loss) per common
share $ -- $ (0.05)$ -- $ (0.09)
=========== =========== =========== ===========
Shares used in
computing basic
net income (loss)
per common share 30,841,000 13,122,000 30,743,000 12,512,000
=========== =========== =========== ===========
Shares used in
computing diluted
net income (loss)
per common share 30,841,000 13,122,000 31,112,000 12,512,000
=========== =========== =========== ===========
ALTRIS SOFTWARE, INC.
Consolidated Balance Sheet
March 31, September 30,
2001 2000
----------------- -----------------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 1,403,000 $ 1,808,000
Receivables, net 1,593,000 498,000
Other current assets 402,000 173,000
------------ ------------
Total current assets 3,398,000 2,479,000
Property and equipment, net 371,000 332,000
Computer software, net 2,713,000 3,209,000
Other assets 77,000 20,000
------------ ------------
Total assets $ 6,559,000 $ 6,040,000
============ ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 1,802,000 $ 1,287,000
Accrued liabilities 1,220,000 1,050,000
Deferred revenue 3,418,000 2,347,000
------------ ------------
Total current liabilities 6,440,000 4,684,000
Deferred revenue, long term
portion -- 1,122,000
------------ ------------
Total liabilities 6,440,000 5,806,000
------------ ------------
Shareholders' Equity:
Common stock, no par value,
40,000,000 shares authorized;
30,838,950 and 30,291,565
issued and outstanding,
respectively 73,865,000 74,025,000
Common stock warrants 718,000 718,000
Accumulated other
comprehensive income 4,000 (3,000)
Accumulated deficit (74,468,000) (74,506,000)
------------ ------------
Total shareholders' equity 119,000 234,000
------------ ------------
Total liabilities and
shareholders' equity $ 6,559,000 $ 6,040,000
============ ============
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion