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BackWeb Reports Improved Q3 Results.


SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- BackWeb Technologies Ltd. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: BWEBF), a leading provider of software designed to offline-enable business web applications and enable solutions for enterprises to communicate with their employees, today reported financial results for its third quarter and nine months ended September 30, 2007 and reviewed recent license activity.

BackWeb reported Q3 2007 revenue of approximately $1.4 million, compared to Q3 2006 revenue of $724,000 and Q2 2007 revenue of approximately $1.4 million. Revenue in Q3 2007 reflected the recognition of $500,000 from final acceptance of a previously reported Foundation license sale to Ignite Technologies. Having achieved final acceptance in this license sale, the contract contains provisions for potential revenue that may be recognized in future quarters. Other license revenue in the quarter included new and on-going contracts with BearingPoint, Novartis, Medtronic and others.

Total net expenses for BackWeb in Q3 2007, including costs of revenue, were approximately $1.6 million, compared to approximately $2.3 million in Q3 2006 and approximately $1.7 million in Q2 2007. The decline in expenses from Q3 2006 reflects the Company's expense management efforts. BackWeb reported an improvement in its Q3 2007 net loss to $208,000, or $0.01 per share, compared to a Q3 2006 net loss of approximately $1.6 million, or $0.04 per share, and a Q2 2007 net loss of $301,000, or $0.01 per share. BackWeb's cash and cash equivalents totaled approximately $3.2 million at September 30, 2007.

BackWeb's 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. , Bill Heye, commented, "In Q3, we continued to work closely with a number of prospective customers in pilots as well as with existing customers looking to extend the use of our products. We continue to pursue new sales opportunities for our products while managing expenses with the goal of improving our bottom-line results."

About BackWeb Technologies:

BackWeb (http://www.backweb.com) mobilizes critical web applications and content for mobile workforces and remote offices. Mobile professionals can be productive anytime, anywhere, without interruption, regardless of connection status or network availability. BackWeb's web and polite synchronization (1) See synchronous and synchronous transmission.

(2) Ensuring that two sets of data are always the same. See data synchronization.

(3) Keeping time-of-day clocks in two devices set to the same time. See NTP.
 mobile solution delivers a seamless and simple user experience. The solution is commonly deployed to sales forces, field employees, mobile managers and remote operations. Typical e-business applications include enterprise sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , e-learning and training and Human Capital Management (HCM HCM hypertrophic cardiomyopathy. ). Typical content applications include document repositories and rich media communications.

BackWeb's customers include market leaders such as Boehringer Ingelheim, Eastman Kodak, Hewlett-Packard, Johnson & Johnson and KLA Tencor KLA-Tencor (NASDAQ: KLAC) is a semiconductor company which manufactures inspection equipment for wafers and reticles. KLA Tencor headquarters is in San Jose and offices are in Milpitas. KLA-Tencor was formed in May 1997 when KLA Instruments and Tencor Instruments merged. . BackWeb also serves customers through partnerships with BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. , Oracle PeopleSoft, and Salesforce.com. BackWeb's operations are centered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , 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
, New York, and Rosh Ha 'ayin, Israel. Make every minute of your mobile professional's day productive; visit www.backweb.com or call (877) 222-5932.

(c) 2007 BackWeb Technologies Ltd. All rights reserved. BackWeb is a registered trademark and Offline Access Server is a trademark of BackWeb Technologies Ltd. All other trademarks are property of their respective owners.

Oracle and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates.

Statements in this news release that are not purely historical are 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.
 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, but are not limited to, statements regarding our efforts to pursue new revenue opportunities, our expense management efforts in order to improve our bottom line results, and the recognition of revenue in future periods. Actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the uncertainty of market acceptance of offline access products or the Company's ability to license those products to customers; the emergence of competitive technologies or competitor companies; and the ability of BackWeb to develop innovative technology and deliver solutions that meet customer needs. In addition, please refer to our periodic filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q Form 10-Q

See 10-Q.
 for the quarter ended September 30, 2007, which contain more detailed descriptions of the risks facing our business. BackWeb assumes no obligation to update any of the forward-looking statements in this release.
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Article Type:Financial report
Date:Nov 14, 2007
Words:718
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