CONCENTRA CORPORATION ANNOUNCES SECOND-QUARTER RESULTS.Concentra Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTRA CTRA Canadian Therapeutic Recreation Association CTRA College Terrace Residents' Association CTRA Canadian Telecommunications Resellers Alliance CTRA Committee To Restore America ), a leading supplier of sales and engineering automation software solutions, today announced its operating results for the second quarter and the first six months ending September September: see month. 30, 1995. Revenues for the second quarter of fiscal year 1996 were $5.2 million, a 15 percent increase over revenues of $4.5 million for the same period last year. Net income for the second quarter was $90,000, compared with net income of $399,000 for the same period last year. Earnings per share for the quarter was $0.02 per share, on 5.7 million shares outstanding compared with $0.10 per share, on a pre-IPO pre-IPO An offering of a company's shares prior to the firm's initial public offering. Investing in a pre-IPO tends to be very risky, in part because the planned IPO may never take place. share count of 3.9 million for the same period last year. Software license revenues were $3.3 million, up 27 percent from the same period last year. Revenues for the six months ending September 30, 1995 were $9.6 million compared with $8.7 million for the same period last year, an increase of 11 percent. Net income for the six month period ending September 30, 1995 was $399,000, or $0.07 per share, on 5.8 million shares outstanding compared with a net income of $735,000, or $0.19 per share, on a pre-IPO share count of 3.8 million for the same period last year. Commenting on the company's second-quarter results, Lawrence Lawrence. 1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing. 2 City (1990 pop. 65,608), seat of Douglas co., NE Kans. W. Rosenfeld Rosenfeld is a German name meaning "field of roses" and may refer to:
[Listed in CACM 2(5):16, May 1959]. , General Motors, Ford, Sverdrup, Valeo Valeo is a French automotive components manufacturer. History The Société Anonyme Française du Ferodo was founded in 1923 in Saint-Ouen, a suburb of Paris. It first distributed brake linings and clutch facings under license of Ferodo UK. , and the National University of Singapore The National University of Singapore (Abbreviation: NUS) is Singapore's oldest university. It is the largest university in the country in terms of student enrollment and curriculum offered. . It is encouraging to see that Concentra is expanding its business through both purchases from new customers as well as through the continued investment from our key existing customers. Based on the identified opportunities and sales in the pipeline, we are confident about our prospects in the next few quarters." Mr. Rosenfeld concluded, "Significant accomplishments during the second quarter included the introduction of Release 5.0 of The ICAD ICAD International Community for Auditory Display ICAD Individual Chemical Agent Detector ICAD Institute of Community and Area Development ICAD Individual Channel Analysis and Design ICAD Integrated Computer Aided Design ICAD Iowa City Area Development Group, Inc. System, our software for engineering automation, and its availability on Silicon Graphics workstations. A major highlight of the quarter was our entry into the 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. market with the release of Selling Point selling point n. An aspect of a product or service that is stressed in advertising or marketing. Noun 1. selling point - a characteristic of something that is up for sale that makes it attractive to potential customers , our new software product which supports the sales configuration and proposal process. We have been pleased with the initial industry response to Selling Point, which will play an increasing role in the growth of our business." Concentra Corporation is the leading provider of object-oriented sales and engineering software solutions. Using Concentra's software, market-leading companies worldwide in the aerospace, automotive, industrial equipment and construction industries are creating customer-driven product configurations and sales proposals in minutes, not months. Headquartered in Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. , the company is
growing its business worldwide with offices across the U.S., Europe and
Asia.The consolidated condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. statement of operations See Income statement. and condensed balance sheets are attached.
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CONCENTRA CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(in thousands, except per share data)
Three months ended Six months ended
September 30, September 30,
1995 1994 1995 1994
Revenues
Software $3,220 $1,709 $5,124 $3,350
Services 1,833 1,832 4,220 3,397
Related party software
and services 190 999 275 1,910
Total revenues 5,243 4,540 9,619 8,657
Operating expenses Cost of software licenses 382 339 570 707 Cost of services 509 412 1,019 824 Sales and marketing 2,853 2,098 5,311 3,914 Research and development 796 627 1,491 1,215 General and administrative 680 598 1,191 1,084 Total operating expenses 5,220 4,074 9,585 7,744 Income from operations 23 466 34 913 Interest income (expense), net 163 (73) 395 (142) Other income (expense) (74) 84 69 108 Income before income taxes 112 477 498 879 Provision for income taxes 22 78 99 144 Net income $90 $399 $399 $735 Net income per common and common equivalent share $0.02 $0.10 $0.07 $0.19 Weighted average number of common and common equivalent shares outstanding 5,715 3,897 5,764 3,820
CONCENTRA CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(in thousands)
Sept. 30, March 31
1995 1995
ASSETS:
Cash and cash equivalents $12,403 $17,010
Accounts receivable 5,643 5,919
Property and equipment, net 2,631 891
Intangible assets and capitalized software,
net 2,458 1,920
Other assets 1,079 722
TOTAL ASSETS $24,214 $26,462 LIABILITIES AND STOCKHOLDERS' EQUITY: Liabilities Accounts payable and accrued expenses $2,126 $4,226 Deferred revenue 2,460 3,696 Other liabilities 1,120 633 Total liabilities 5,706 8,555 Total stockholders' equity $18,508 $17,907 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $24,214 $26,462 CONTACT: Concentra Corporation, Burlington G.M. Schimmoeller Janet Janet: see Clouet, Jean. JANET - Joint Academic NETwork Page (617) 229-4647 (617) 229-4669 |
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