Computron Software Reports Profit for First Quarter Twelve Customers Sign Up for New e-Cellerator Products.Business & High Tech Editors RUTHERFORD Rutherford (rŭth`ərfərd), borough (1990 pop. 17,790), Bergen co., NE N.J., a residential suburb of the New York City–N New Jersey metropolitan area; inc. 1881. Several pre-Revolutionary houses remain there. , N.J.--(BUSINESS WIRE)--April 27, 2000 Computron computron - /kom'pyoo-tron"/ 1. A notional unit of computing power combining instruction speed and storage capacity, dimensioned roughly in instructions-per-second times megabytes-of-main-store times megabytes-of-mass-storage. Software, Inc. (AMEX AMEX See: American Stock Exchange : CFW CFW Custom Firmware CFW Call Forward CFW Cystic Fibrosis Worldwide CFW Cache Fast Write CFW Citizens for Florida's Waterways CFW Center for Writing (education) CFW Continuous Fillet Weld (engineering) ) today reported operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , net income, and 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. net income per share for the quarter ended March 31, 2000 of $302,000, $242,000, and $0.01 per share respectively, compared to operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. , net losses, and basic and diluted net loss per share of $(461,000), $(544,000), and $(0.02) per share respectively, for the same period in 1999. The Company reported first quarter revenues of $11.9 million, compared to $15.8 million for the same quarter last year. The results for the same quarter last year included operating results from the Company's previously owned French and German subsidiaries, as follows:
Revenues:
License Fees $ 325,000
Services 1,911,000
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Total Revenues 2,236,000
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Operating Loss $ (730,000)
============
"Computron is pleased with our operating results and cash
generated by operations which were accomplished in spite of a lockdown
imposed by many of our clients during January and February 2000
relating to the Y2K issue," said John Rade, CEO.
"The first quarter saw the delivery of our new TransAXS(TM) and
AXSPoint(TM) solutions to twelve clients, and the release of our
Internet-ready client/server solution. This release allows our
existing client/server solutions to coexist and seamlessly
interoperate with our new e-Cellerator family of e-commerce
solutions," continued Rade.
Computron Software, Inc. Background Information
Founded in 1978, Computron Software, Inc. (AMEX: CFW) is a
provider of e-Cellerator(TM) electronic commerce (e-commerce)
solutions. These solutions facilitate the transformation of
traditional bricks and mortar organizations into clicks and mortar
organizations. In addition, Computron's Professional Services
Automation division offers a comprehensive suite of Internet products
which help professional services companies fully utilize their
resources and maximize their revenues and profits. It has over 20
years of experience in designing and building process-centric business
solutions for global organizations. Computron has a proven track
record in developing robust, high-volume, scalable, secure and
effective business solutions for global 2000 sized organizations. For
further information on Computron, its products, services and
customers, visit the Computron web site at
http://www.computronsoftware.com.
COMPUTRON SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
Three months ended March 31,
----------------------------
1999 2000
---- ----
Revenues:
License fees $ 3,517 $ 2,044
Services 12,270 9,864
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Total revenues 15,787 11,908
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Operating expenses:
Cost of license fees 662 437
Cost of services 6,828 5,418
Sales and marketing 3,270 2,148
Research and development 2,071 1,782
General and administrative 3,417 1,821
------- -------
Total operating expenses 16,248 11,606
------- -------
Operating income (loss) (461) 302
------- -------
Other income (expense):
Interest income 38 16
Interest expense (105) (108)
Other income (expense) (16) 32
------- -------
Other expense, net (83) (60)
------- -------
Net income (loss) $ (544) $ 242
======= =======
Basic and diluted net
income (loss) per
common share $ (0.02) $ 0.01
======= =======
Weighted average basic
common shares outstanding 23,914 24,147
======= =======
Weighted average diluted
common shares outstanding 23,914 27,600
======= =======
The unaudited consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: financial information included in this document is intended only as a summary provided for your convenience, and should be read in conjunction conjunction, in astronomy conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun. with the complete consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge of the Company (including the Notes thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. , which set forth important information) contained in its Reports 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. and 10-Q filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. electronic filing system maintained by the SEC. 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. . Such statements are only predictions, and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's documents and reports filed from time to time with the Securities and Exchange Commission. |
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