Cimetrix Announces First Quarter 2009 Financial Results.Revenues Increase 5% from Prior Sequential Quarter SALT LAKE CITY -- Cimetrix, Incorporated (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CMXX) (www.cimetrix.com), a leading provider of factory automation and equipment control software solutions for the global semiconductor photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. , and electronics industries, today reported financial results for its first quarter ended March 31, 2009. * Compared to the fourth quarter of 2008, Company revenues increased 5%. Software revenues decreased 6% from $458,000 to $430,000, while professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. revenues increased 20%. * Total revenue for the first quarter declined 39% year-over-year from $1,355,000 in the first quarter of 2008 to $823,000 in the first quarter of 2009. * Software revenue decreased over 56% from $989,000 in the same period last year to $430,000. * The year-over-year professional services revenue increased 7% from $366,000 to $393,000. * The Company reported a net loss of $324,000, or ($0.01) per basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, in the first quarter, compared to a net loss of $379,000, or ($0.01) per basic and diluted share in the same period last year. "The market for semiconductor 300mm capital equipment, our largest source of revenue for the past several years, virtually came to a stop in the first quarter of 2009. Customer shipments of 300mm equipment decreased more than 95% year-over-year. Fortunately, our efforts to promote the use of SEMI Standards in other markets, particularly the solar-photovoltaic market, as well as our commitment to serving customers in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and Japan, have contributed to an increase
in Company revenue quarter-over-quarter," said Bob Reback,
Cimetrix's president and chief executive officer.
Further, Mr. Reback added, "We have taken appropriate steps to seek break-even cash flow in the face of the reduced revenue rate of the last two quarters. Despite the challenging business environment, we have retained all of our key employees and are vigorously pursuing new business opportunities." Mr. Reback concluded, "Although there is a long way to go before 300mm shipments return to any type of reasonably sustainable levels for many of our customers, we are hopeful that easing economic conditions will result in an upward trend from recent levels. Once the semiconductor capital equipment market recovers, we expect to be well positioned for generating strong profits during the next up cycle." Highlights * Successful execution of professional services project to deliver SECS/GEM (SEMI Equipment Communications Standard/Generic Equipment Model) Communications protocols between a host computer and semiconductor manufacturing equipment. capabilities on new equipment for a large solar-photovoltaic manufacturing facility * Two design wins for Cimetrix software products, one in surface mount and the second in semiconductor assembly and packaging About Cimetrix Incorporated Cimetrix designs, develops, markets, and supports factory automation and equipment control software for the global semiconductor, photovoltaic, and electronics industries. A leading participant in SEMI standards development, Cimetrix's connectivity software allows for quick implementation of the SECS/GEM, GEM300 and EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. standards. The Company's products can be found on virtually every tool type in nearly every semiconductor 300mm factory worldwide. The added-value of Cimetrix's passionate support and professional services creates the industry's only complete software solution. Key products include: * CIMControlFramework[TM] * CIMConnect[TM] * CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. 300[TM] * CIMPortal[TM] Cimetrix is an active member of Semiconductor Equipment and Materials International Semiconductor Equipment and Materials International (SEMI) is a trade organization of manufacturers of equipment and materials used in the fabrication of semiconductor devices such as integrated circuits, transistors, diodes, and thyristors. (SEMI), including the SEMI PV Group, and participates in various International SEMATECH SEMATECH Semiconductor Manufacturing Technology Manufacturing Initiative (ISMI ISMI Institute for the Study of Modern Israel (Emory University) ISMI International Student Mobility Initiative ) programs. For more information, please visit www.cimetrix.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: The matters discussed in this news release include 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements about the Company's prospects for future growth and results of operations are forward-looking statements. The comments made by the Company's senior management in regards to future revenue and results are based on current expectations and involve risks and uncertainties that may adversely affect expected results including but not limited to recovery of the economic markets into which the Company sells products, increased capital expenditures by semiconductor chip manufacturers, market acceptance of the Company's products, the timing and degree of adoption of Interface A by the semiconductor industry, the ability of the Company to control its costs associated with providing products and services, the mix between products and services (which generally have higher associated costs of revenue) provided by the Company, the competitive position of the Company and its products, which include CIMConnect, CIM300 and CIMPortal product families, the economic climate in the markets in which the Company's products are sold, technological improvements and other risks discussed more fully in filings by the Company with the Securities and Exchange Commission. Many of these factors are beyond the control of the Company. Reference is made to the Company's most recent filing on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , which further details such risk factors. [TABLE OMITTED] [TABLE OMITTED] |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion