Apptix Announces Q4 2006 Results.Q4 2006 Highlights - Apptix Delivers First Ever Positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become for the Quarter and Achieves 5th Consecutive Record Quarter in Bookings HERNDON, Va. & BILLINGSTAD, Norway -- Apptix: Financial Highlights Recurring revenue grew by 45% over the third quarter of 2006 to $7.325 million in the fourth quarter of 2006. Top line revenue grew by 48% to $7.744 million in the same period and 9.3% relative to top line proforma revenue of $7.09 million in the third quarter. The growth in Q4 over Q3 was due to strong organic growth in small and medium-sized business (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) bookings through ASP-One, MailStreet and SharePointSite as well as the solid growth and the first full quarter of revenue for Mi8 since the acquisition. Mi8's financial results were consolidated into the Apptix financial statements beginning September 6, 2006. EBITDA increased to $0.215 million from a third quarter loss of $0.70 million. Net loss decreased 49% in Q4 to a loss of $0.794 million compared to a loss of $1.57 million in Q3. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. increased to $6.5 million in Q4 compared to $5.10 million in Q3; however, the increase in operating expenses was due largely to the consolidation of Mi8 for a full quarter in the financial results. The Company closed the fourth quarter with $4.479 million in cash. Key Accomplishments * EBITDA Positive - The Company achieved positive EBITDA for the quarter for the first time in its history, contributing 36% of Q4 incremental revenues to EBITDA. * Sales Success - The Company set another sales record in Q4, booking approximately 24,500 seats of Exchange, an increase of 15% over the third quarter. All seats in Q4 were in the SMB segment, resulting in an increase of 33% over Q3 for this segment. MailStreet, ASP-One and Mi8 were the primary growth drivers within the direct business. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for were the primary growth drivers within the channel business. * Web Direct Business - The Web Direct business, comprised of MailStreet, ASP-One and SharePointSite, grew 12% in the fourth quarter compared to the third quarter. Accounting Disclosure The Financial Information has been prepared in accordance with IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. 34 - Interim Financial Reporting (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ). The group quarterly accounts have been prepared in accordance with the same principles as the annual financial statements (IFRS). For comparative purposes, the Company has used pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma quarterly results from 2005 when appropriate. Financial statements may be reviewed in their entirety at http://investor.sharepoint.apptix.net/default.aspx. About Apptix Apptix (OSE OSE - Open Systems Environment :APP), founded in 1997, is a premiere provider of on-demand messaging and collaboration solutions to over 150,000 subscribers across more than 14,000 organizations worldwide. Its Software as a Service offerings, including Hosted Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. , Hosted Microsoft SharePoint, Mobile Messaging, and Archiving and Compliance, provide small and medium-sized businesses with a reliable, secure and cost effective alternative to purchasing and managing software applications in-house. IBM, Hewlett Packard, Bell Canada, Savvis and others have selected Apptix to provide on-demand services to their customers. Apptix is a Microsoft Gold Certified Partner for Hosting and Application Services. Apptix's brands include www.ASP-One.com, www.MailStreet.com, and www.Mi8.com, which provide Exchange Hosting and essential add-on services, as well as www.SharePointSite.com, which provides Hosted SharePoint and related services. The company is headquartered in Herndon, Virginia, with additional locations across the United States, Europe and Asia. For more information, visit www.apptix.com. |
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