Centigram Communications Reports First Quarter 2000 Results.Business Editors and High Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Feb. 16, 2000 Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. Communications 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 :CGRM CGRM Computer Graphics Reference Model (ISO) ) reported net revenues of $19.0 million for the first quarter ended January January: see month. 29, 2000, compared to net revenues of $20.2 million for the first quarter ended January 30, 1999, and $21.2 million for the fourth quarter ended October 30, 1999. Net income for the quarter was $1.2 million, or $0.18 per share, compared with a net loss of $679,000, or $0.10 per share, in the first quarter ended January 30, 1999, and net income of $1.4 million, or $0.24 per share, for the fourth quarter ended October 30, 1999. &uot;The first quarter of 2000 was another successful quarter for Centigram, driven by strong earnings and a gross margin of 68.7%,&uot; said Bob Puette, president and chief executive officer of Centigram. &uot;These positive results reflect an increase of high-margin software products in our mix of offerings.&uot; Centigram Communications Corporation Centigram Communications Corporation (NASDAQ:CGRM) is a leading global provider of Internet-enabled call management, WAP-based messaging and unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. services to mobile and landline Land based. Refers to standard telephone and data communications systems that use in-ground and telephone pole cables in contrast to wireless cellular and satellite services. telecom service providers. Leveraging its expertise in voice messaging Using voice mail as an alternative to electronic mail, in which voice messages are intentionally recorded, not because the recipient was not available. , call processing In telecommunication, the term call processing has the following meanings:
This press release contains 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. regarding the industry and the Company. Actual results could differ materially from those projected in any forward-looking statements. The statements could be affected by the Company's &uot;Sales and Distribution&uot; and other risks as reflected in the 10-K document for fiscal year ended October 30, 1999, filed with the Securities and Exchange Commission. In addition, the Company's future success will depend in part upon the ability of the Company to continue to introduce new features and products as the Company's markets evolve, new technologies become available, and customers demand additional functionality. All trademarks and registered trademarks are the property of their respective owners. Centigram is a registered trademark of Centigram Communications Corporation. All other trademarks and registered trademarks are the property of their respective owners.
CENTIGRAM COMMUNICATIONS CORPORATION
Consolidated Condensed Statements of Operations
(In thousands, except per share amounts - unaudited)
Quarter Ended
January 29, January 30,
2000 1999
Net revenue $19,014 $20,233
Costs and expenses:
Cost of goods sold 5,943 8,934
Research and development 3,620 4,153
Selling, general and administrative 8,666 8,320
Total costs and expenses 18,229 21,407
Operating income (loss) 785 (1,174)
Other income and expense, net 709 590
Income (loss) before income taxes 1,494 (584)
Provision for income taxes 302 95
Net income (loss) $1,192 $(679)
Basic income (loss) per share $0.20 $(0.10)
Diluted income (loss) per share $0.18 $(0.10)
Weighted average shares - basic 6,009 6,572
Adjusted weighted average shares - diluted 6,608 6,572
Consolidated Condensed Balance Sheets
(In thousands - unaudited)
January 29, October 30,
2000 1999
Cash, cash equivalents and
short-term investments $55,282 $44,698
Accounts receivable, net 11,328 16,829
Inventories 2,491 2,342
Other assets 13,978 14,885
Current liabilities 17,601 19,925
Stockholders' equity 65,478 58,829
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