CE Software, Inc. Reports First-Quarter Results.Business Editors WEST DES MOINES West Des Moines (də moin`), city (1990 pop. 31,702), Polk co., S central Iowa, a growing suburb W of Des Moines; inc. 1893 as Valley Junction, renamed 1938. Products manufactured there include cement, metal items, and pumps. , Iowa--(BUSINESS WIRE)--Feb. 17, 2003 CE SOFTWARE, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CESW) today announced results for its first quarter ended December December: see month. 31, 2002. CE Software reports a net loss of $118,000, or $0.08 per share, for its first quarter of fiscal 2003 on revenues of $345,000. For the same quarter a year ago, the company reported a net loss of $162,000, or $0.11 per share, on operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of $348,000. "The company's revenues were approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. the same as a year ago, but the expense reductions during the past twelve months resulted in a reduced loss," said John S. Kirk, president of CE Software, Inc. "In the next few months we anticipate the release of a major upgrade to our desktop productivity product, QuicKeys X for Mac OS X." Since 1981, CE Software, Inc. has developed productivity software, automation utilities and e-mail software that save time and effort for millions of Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. and Macintosh A family of desktop and laptop computers from Apple and the first computer to popularize the graphical user interface (GUI). The combination of Mac hardware and software has been consistent over the years, providing an ease of use that Mac users have enjoyed. users. For more information: (515) 221-1801 or www.cesoft.com This release contains forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. information that is subject to certain risks, trends and uncertainties and actual developments may differ materially from those projected. For a discussion of important factors that could affect the Company's results, the reader is encouraged to refer to the Company's annual report on Form 10-KSB and quarterly Form 10-QSB. (c) Copyright 2003 CE Software, Inc. All rights reserved. QuickMail, QuicKeys and QuickConference are registered trademarks of CE Software, Inc. InOut Tracker, CE Software, CE and the CE Software logo are trademarks of CE Software, Inc. All other brand or product names are trademarks of their respective owners.
CE SOFTWARE, INC.
Condensed Statements of Operations
(In thousands, except per share data)
Three Months Ended
December 31
2002 2001
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Net revenues $ 345 $ 348
Cost of revenues 57 47
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Gross profit 287 301
Sales and marketing 98 128
General and administrative 158 185
Research and development 141 154
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Operating expenses 397 467
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Operating loss (110) (166)
Other income (expense):
Miscellaneous income 3 6
Interest expense (11) (2)
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Subtotal (8) 4
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Loss before income taxes (118) (162)
Income tax benefit - -
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Net loss (118) (162)
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Basic (loss) per share (.08) (.11)
Average common shares
outstanding 1,455 1,455
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