Computron Software Reports Q1 1998 Results.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)--May 1, 1998--Computron 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 its financial results for the quarter ended March 31, 1998. The company reported first quarter revenues of $15 million, a decrease of 10.5 percent from the $16.8 million for the same quarter last year. Net loss for the quarter was $4.2 million, compared to a net loss of $2.0 million for the comparable 1997 period. Commenting on the results, 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. President and Chief Executive Officer, John Rade John Rade, (born August 31, 1960, in Ceres, California) was a linebacker in the NFL from 1983 to 1991. noted, "Despite the fact that Computron's first quarter is traditionally weak and that the largest individual contract for this past quarter was less than $500,000, we managed to bring in more than $4 million of license fees, reflecting balanced performance throughout the world. This compares to the 1997 first quarter where greater than 60 percent of license revenues were attributable to one customer. We remain committed to our goal of bringing the company back to sustainable profitable growth." Computron Software, Inc., Background Information Founded in 1978, Computron Software, Inc. is an international software company that designs, markets, and supports n-tier Some number of tiers (servers, layers, elements, etc.). The term refers to the possibility of having different configurations; for example, two tiers may work for one situation, while 10 tiers are required for another. The "n" could be a larger number, depending on what the tiers refer to. client/server-based financials, workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , COLD (Computer Output to Laser Disk Computer Output to Laser Disk - Enterprise Report Management ), and maintenance and materials/work management software solutions. Computron products are interoperable The ability for one system to communicate or work with another. See interoperability. across most major UNIX architectures A Unix architecture is a computer operating system system architecture that embodies the Unix philosophy. It may adhere to standards such as the Single UNIX Specification (SUS) or similar POSIX IEEE standard. , as well as on Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT. The Company currently markets its products and services worldwide through a direct sales force and indirect channels. The Company has offices and distributors in 15 countries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, and Africa. For further information on Computron, its products, and services, visit the Computron website at http://www.computronsoftware.com.
COMPUTRON SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)
Three months ended
March 31,
1997 1998
---------------------------------------------
Revenues:
License fees 5,629 $ 4,019
Services 11,162 11,004
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Total revenues 16,791 15,023
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Operating expenses:
Cost of license fees 281 1,014
Cost of services 6,562 7,135
Sales and marketing 4,954 4,249
Research and development 2,431 2,636
General and administrative 3,829 4,304
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Total operating expenses 18,057 19,338
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Operating loss (1,266) (4,315)
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Other income (expense):
Costs related to class
action litigation (992) (22)
Other income 261 132
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Other income (expense), net (731) 110
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============ ================
Net loss $ (1,997) $ (4,205)
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============ ================
Net loss per common
and common equivalent
share $ (0.10) $ (0.18)
============ ================
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Weighted average number of
common and
common equivalent
shares 20,896 23,777
============ ================
The unaudited financial information included in this document is intended only as a summary provided for your convenience, and must be read in conjunction with the complete financial statements 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 Forms 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. CONTACT: Computron Software, Inc. Michael Jorgensen, 201/935-3400 |
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