CE Software, Inc. Reports Second-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)--May 15, 2001 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 financial results for its second quarter ended March 31, 2001. CE Software reports a net loss of $272,000, or $0.23 per share, for the quarter. The same quarter a year ago saw a net loss of $305,000, or $0.27 per share. Revenues were $400,000 for the quarter ended March 31, 2001, compared to $735,000 for the same quarter a year ago. "We are currently working on new products which we expect will, in part, replace the declining QuickMail revenue," said John S. Kirk, president. "We have already begun marketing QuickConference. The formal acquisition of QuickConference was approved by our shareholders at the annual shareholder meeting held on March 23, 2001." "We also anticipate announcing a new version of QuicKeys for the 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. OS X operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. this summer. We are continuing our commitment to develop software to enhance user productivity for small and mid-sized businesses." Since 1981, CE Software, Inc. has developed 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. 95/98, Windows NT/2000 and Macintosh 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 Form 10-SB, annual report on Form 10-KSB and quarterly Form 10-QSB. (c) Copyright 2001 CE Software, Inc. All rights reserved. QuickMail, QuicKeys, QuickConference, 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 Six Months Ended
March 31, March 31,
2001 2000 2001 2000
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Net revenues $ 400 $ 735 $ 894 $ 1,650
Cost of revenues 84 219 168 433
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Gross profit 316 516 726 1,217
Operating expenses 576 820 1,177 1,567
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Operating loss (260) (304) (451) (350)
Other expense (12) (1) (7) (7)
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Net loss (272) (305) (458) (357)
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Net loss per share (.23) (.27) (.39) (.32)
Weighted average common shares 1,175 1,131 1,165 1,131
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