Applix posts fourth quarter and year end results for 1995; Revenue up 86 percent, from Q494 up 75 percent over year ended Dec. 31, 1994.WESTBORO Westboro can refer to: Places
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APLX APLX is a modern, second generation, cross-platform dialect of the APL programming language. APLX is targeted at applications such as financial planning, market research, statistics, management information, and various kinds of scientific and engineering work. ) today announced its results for the fourth quarter ended Dec. 31, 1995. Total revenue for the fourth quarter increased 86 percent to $10.38 million from $5.56 million for the comparable period ended Dec. 31, 1994. Before taking into account a fourth quarter one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. charge of $6.2 million related to the Target Systems acquisition, net income for the fourth quarter increased to $3.04 million or $.33 per share from $.68 million or $.09 per share for the same period in 1994. For the fourth quarter of 1995, the actual net loss was $3.16 million or $.34 per share vs. net income of $.68 million or $.09 per share for the comparable period of 1994. The effect of the one-time charge was to reduce earnings for the current quarter by $.67 per share. For the year ended Dec. 31, 1995, total revenue increased 75 percent to $32.34 million from $18.50 million for 1994. Before taking into account the effect of the charge for the Target Systems acquisition, net income for the year ended Dec. 31, 1995 increased to $6.86 million or $.67 per share from $1.41 million or $.20 per share in 1994. Net income including the $6.2 million charge for the Target Systems acquisition for the year ended Dec. 31, 1995 was $.66 million or $.07 per share, as compared to $1.41 million or $.20 per share for 1994. "We are very pleased with our financial performance for Q495 and for the year. All of our markets continued to contribute to the overall growth in our business. Target Systems has been successfully integrated, significantly strengthening our position in the marketplace," said Jit Saxena Saxena is a surname of Anglo-Saxon origin. It derives from the parishes of Saxby, in the counties of Lincolnshire and Leicestershire, England. The surname Saxena is an example of a habitation name, the broad category of surnames that were derived from place names. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Applix Applix Inc. is a software company based in Westborough, Massachusetts that publishes Applix TM1, a MOLAP database server, and related presentation tools, including Applix Web and Applix Executive Viewer. , based in Westboro, Mass., develops, markets and supports Applixware and Target Enterprise, an integrated family of software applications and tools for the real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. enterprise. Applixware provides the ability to access, analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. and communicate dynamically changing (real-time) information such as stock market data or information from databases. Target Enterprise offers customers the ability to research, track and escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. activities for customer interaction applications. -0- Applix Inc. Consolidated Statements of Operations (In thousands)
Three Months Twelve Months
Ended Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1995 1994 1995 1994
License revenue $7,652 $4,403 $23,682 $15,012 Service revenue 2,724 1,161 8,661 3,483 Total revenues 10,376 5,564 32,343 18,495 Cost of license revenue 730 550 2,447 2,119 Cost of service revenue 1,065 536 3,382 1,750 Gross margin 8,581 4,478 26,514 14,626 Operating expenses: Selling and marketing 4,453 2,745 14,316 9,098 Research and development 1,310 684 4,179 2,606 General and administrative 837 426 2,481 1,612 In-process research and development 6,200 0 6,200 0 Total operating expenses 12,800 3,855 27,176 13,316 Operating income (loss) (4,219) 623 (662) 1,310 Interest income (net) 363 89 1,326 136 Net income (loss) before income taxes (3,856) 712 664 1,446 Income taxes (693) 37 0 37 Net income (loss) ($3,163) $675 $664 $1,409 Net income (loss) per common and common equivalent share ($0.34) $0.09 $0.07 $0.20 Weighted average common and common equivalent shares outstanding (a) 9,299 7,634 10,184 7,114 (a) All historical share and per share amounts have been retroactively restated to reflect the conversion of preferred stock and the stock split. -0- CONTACT: Applix Inc., Westboro Patrick J. Scannell Scannell may refer to:
This page or section lists people with the surname Scannell. Jr. (Financial) Chief Financial Officer Vice President, Finance & Administration (508) 870-0300 or Dave Gayman (Editorial) Manager, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most (508) 870-0300, ext.341 dgayman@applix.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion