CallWave Announces Financial Results for Second Quarter of Fiscal 2007.SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif. -- CallWave, Inc. (Nasdaq:CALL), an innovator of applications that make phones and PCs work better together, today reported financial results for the second quarter ended December 31, 2006. Total revenue for the second quarter of fiscal 2007 was $6.9 million compared to $6.5 million reported in the first quarter of fiscal 2007. Net loss for the second quarter of fiscal 2007 was $(1.2) million, or $(0.06) per share, compared to a net loss of $(1.4) million, or $(0.07) per share reported in the first quarter of fiscal 2007. CallWave ended the quarter with $60.6 million in cash, cash equivalents, and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has compared with $61.4 million at the end of the prior quarter. "Throughout the quarter, we maintained a laser focus on executing our strategy for long term growth and we are pleased with the progress we made toward our key objectives," said Dave Hofstatter, President and 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. of CallWave. "We leveraged our core technology and substantial customer base to launch three new products and test new markets. In addition, we advanced our partnerships with Tier 2 carriers and continued to generate positive cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses . As we look to the future, our focus will remain on execution and winning customers. We have demonstrated our ability to preserve capital until the time is right. So when carrier or product opportunities present themselves, we will move quickly and prudently to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. those opportunities to drive growth and shareholder value." Conference Call Details The CallWave Second Quarter 2007 teleconference and Webcast is scheduled to begin at 4:30 p.m. Eastern Time, on Thursday, February 8, 2007. To access the call, please dial (800) 240-4186, or outside the U.S. (303) 262-2139, at least five minutes before start time. A live webcast and replay will also be available on the investor relations Investor relations The process by which the corporation communicates with its investors. section of the Company's website http://www.callwave.com. An audio replay of the call will also be available to investors beginning at 6:30 p.m. ET on February 8, 2007, through February 23, 2007, by dialing (800) 405-2236, or (303) 590-3000, and entering the passcode 11083047#. About CallWave CallWave is leading the way in developing applications that make phones and computers work better together. With CallWave, tasks that are difficult to do on the phone become much easier on the desktop - without changing phone numbers, handsets or service providers. CallWave enables consumers and businesses to get more out of the devices they use everyday - their computers and phones. CallWave also private-labels convergence applications, such as PC-based visual voicemail Visual Voicemail or Random Access Voicemail is the process of adding a visual aspect to mobile phone voicemail and allowing users to listen to their messages in the order of their choice. , to service providers to reduce churn, expand on-line marketing and drive revenues. Founded in 1998, CallWave is headquartered in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. . For further information, please visit www.callwave.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release may contain certain statements of a forward-looking nature. Such statements are made pursuant to the "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. " and "safe harbor" provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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