CE Software, Inc. Reports Second-Quarter Results; Remaining Assets Being Liquidated Following Sale of Operations.WEST DES MOINES, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. -- 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. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CESF CESF Committee on the Economic Status of the Faculty (University of Michigan) CESF Certificat d'Economie Sociale et Familiale (French) ) today announced results for its second quarter ended March 31, 2004. CE Software reports a net loss of $74,000, or $5.09 per share, for its second quarter of fiscal 2004 on revenues of $195,000. For the same quarter a year ago, the company reported a net loss of $143,000, or $9.85 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 $295,000. "Our net loss for the quarter was primarily the result of reduced revenues following the sale of the QuickMail software product in December 2003," said John S. Kirk, president of CE Software, Inc. "Operations were also affected by the efforts expended ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. in preparation for the contingent sale of the remaining operations to Startly Technologies Startly Technologies (originally and still doing business as CE Software) is a software development company based in West Des Moines, Iowa. History CE Software began as the programming arm of Computer Emporium, a retail computer store begun in 1978 by Richard , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control on April 1, 2004. This sale remains subject to shareholder approval. The lease on our premises at 1801 Industrial Circle in 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. was terminated March 31, 2004. Since April 1 the Company has been operating with minimal staff. The Company has had no operating revenues since the contingent sale on April 1, 2004. We do not expect any future operating revenue if the contingent sale and the proposed liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of the Company are approved by shareholders. General and administrative expenses are continuing." John S. Kirk continued, "We are continuing to work on the proposed liquidation that was discussed in our press release of April 13, 2004. The company's operations were sold on April 1, 2004 to Startly Technologies, LLC, subject to shareholder approval. For prior press releases, more information, and to ask questions, set your Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. to http://www3.cesoft.com/home/pressrelease-all.html or write to CE Software, Inc., Shareholder Relations, P.O. Box 65580, W. Des Moines Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , IA 50265, and ask to be put on the 'shareholder news' mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new . We have also set up a Web page for shareholder questions and our responses." This release contains forward-looking information that is subject to certain risks, trends and uncertainties and actual developments may differ materially from those projected. (C) Copyright 2004 CE Software, Inc. All rights reserved. QuicKeys and QuickConference are U.S. registered trademarks of CE Software, Inc. InOut Tracker, TransLucy, CE Software, CE and the CE Software logo are trademarks of CE Software, Inc. or its assigns. 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 and average common shares
outstanding)
Three Months Six Months
Ended Ended
March 31, March 31,
2004 2003 2004 2003
------- ------- ------- -------
Net revenues $195 $295 $454 $639
Cost of revenues 17 31 42 88
------- ------- ------- -------
Gross profit 178 264 412 551
Sales and marketing 60 128 104 225
General and administrative 122 139 238 298
Research and development 73 133 149 274
------- ------- ------- -------
Operating expenses 255 400 491 797
------- ------- ------- -------
Operating loss (77) (136) (79) (246)
Other income (expense):
Interest income 1 - 1 -
Interest expense - (10) - (21)
Gain on product sale (note 1) - - 94 -
Miscellaneous income 2 3 10 6
------- ------- ------- -------
Other income (expense) 3 (7) 105 (15)
------- ------- ------- -------
Net income (loss) $(74) (143) 26 (261)
======= ======= ======= =======
Net loss per share (5.09) (9.85) 1.77 (17.96)
Weighted average common shares 14,483 14,527 14,483 14,538
(Per share data restated for reverse 1 for 100 stock split effective
February 28, 2003.)
March 31 September 30
------------ ------------
Total Assets $784 $783
Total Liabilities 115 140
Total Stockholders' Equity 669 643
Cash and Investments 638 541
Note 1: Sale of QuickMail software product.
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion