Consilium reports fiscal 1997 second quarter results.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 20, 1997--Consilium,(R) Inc. (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 :CSIM CSIM Community Sea Ice Model CSIM Cryogenic Systems Integration Model CSIM C-language-based Simulator CSIM Client Side Image Mapping ), the leading independent supplier of manufacturing execution systems – Manufacturing execution system (MES) describes a set of integrated functions within a packaged software system or it can also describe the accumulated functionality within the production management infrastructure of a manufacturing or production company. (MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of ) software and services, today reported results for its fiscal 1997 second quarter ended April 30, 1997. Revenues for the fiscal 1997 second quarter were $11,092,000, up 43% from fiscal 1996 second quarter revenues of $7,779,000. Net loss for the fiscal 1997 second quarter was $1,121,000, or $0.14 per share, compared with a net loss for the fiscal 1996 second quarter of $2,276,000, or $0.29 per share. Commenting on the quarter, Larry Hootnick, Consilium's president and chief executive officer noted, "We are very pleased with the progress we accomplished this quarter." The Semiconductor and Electronics Business Unit achieved record revenues for the second quarter of fiscal 1997. Revenues grew 42% from the second quarter of fiscal 1996, reaching approximately $9,700,000, with operating profits of $462,000. "I am delighted with the unit's performance this quarter within all of our key geographic regions. There was substantial improvement in the overall semiconductor business climate. We added 13 new sites this quarter alone, increasing our total new sites to 19 for the year," said Hootnick. Hootnick continued, "There has also been major progress in the Healthcare Products and Process Industries Business Unit this quarter. In addition to adding two new customers, we have also completed the previously announced plan to reduce overall expenses." Hootnick concluded, "Overall, we are proud of our achievements this past quarter, but our focus is on the challenges and opportunities that lie ahead. We are happy to have our previously announced reductions behind us so that we can strive to achieve profitability as soon as possible. The full effect of our plan on reducing our operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. should be accomplished in the third quarter. We continue to make significant investments toward developing stronger and more comprehensive integrated manufacturing solutions for our customers." Forward looking statements in this release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the reduction of overall expenses in the Healthcare Products and Process Industries Business Unit and the continued trend toward increasing revenues in the Semiconductor and Electronics Business Unit involve a number of uncertainties and risks. Actual events or results could differ materially from such expectations. The factors which could affect results or events include, without limitation, a significant slowdown in capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. by the semiconductor industry; the inability to reduce costs for the Company's FlowStream(R) product; the failure of the Company to successfully manage systems integration projects; increased competition; and the high average selling price The average sales price of goods or commodities. Especially used in the retail sector and technology distribution. of the Company's products relative to the number of orders per quarter, coupled with timing of new orders and other risks identified in the Company's 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. , Form 10-Q Form 10-Q See 10-Q. , and the annual report on file. Consilium is the world's leading independent supplier of integrated manufacturing execution systems (MES) software and services. Integrated MES software monitors and controls every step in the manufacturing process in real time, enabling manufacturers to enhance performance in the areas of cost, quality, customer service and speed. For more than 18 years, Consilium's MES products have been helping world class manufacturers achieve best practices in their manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. through better visibility and control of the plant floor. Consilium's customers include such leading companies as GlaxoWellcome, Hewlett-Packard Company, Hyundai Electronics Industries, American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Products - Lederle Laboratories, LG Semicon, SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Thomson Microelectronics, Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. , United Microelectronics Corporation UMC (United Microelectronics Corporation) was founded as Taiwan's first semiconductor company in 1980 as a spin-off of the government-sponsored institute ITRI. Today, UMC is best known for its merchant foundry business, manufacturing integrated circuits wafers for fabless , Warner Lambert, Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. , Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. and Winbond Electronics. The company was founded in 1978 and is headquartered in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. . For more information, visit the Company's web site at http://www.consilium.com . -0- Note to Editors: Consilium and FlowStream are registered trademarks of Consilium, Inc. -0-
Consilium Inc.
Consolidated Statements of Operations
(in thousands, except per share data, unaudited)
Three months ended Six months ended
April 30, April 30,
1997 1996 1997 1996
Revenues:
Product 4,995 3,409 6,815 8,191
Services 5,787 3,953 12,421 7,884
Development 310 417 430 863
Total revenues 11,092 7,779 19,666 16,938
Cost of Revenue
Product 909 770 1,705 1,491
Services 3,781 1,641 8,007 3,119
Development 253 348 370 675
Total cost of revenue 4,943 2,759 10,082 5,285
Gross Margin 6,149 5,020 9,584 11,653
Operating Expenses
Research and development 3,003 2,802 6,039 5,102
Selling and marketing 3,267 3,314 6,662 6,378
General and administrative 914 1,136 1,823 2,081
Total operating expenses 7,184 7,252 14,524 13,561
Loss from operations (1,035) (2,232) (4,940) (1,908)
Interest, net (33) 80 (8) 226
Loss before income taxes (1,068) (2,152) (4,948) (1,682)
Provision for income taxes 53 124 115 372
Net loss (1,121) (2,276) (5,063) (2,054)
Net loss per share (0.14) (0.29) (0.63) (0.27)
Shares used in per share
calculation: 7,963 7,773 7,974 7,741
Consilium, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
April 30, 1997 Oct. 31, 1996
(unaudited) (audited)
Assets
Current assets:
Cash and cash equivalents $ 7,598 $ 8,094
Short term investments -- 1,000
Accounts receivable, net 13,435 9,139
Other current assets 1,035 1,114
Total current assets 22,068 19,347
Property and equipment (net) 4,709 4,827
Software production costs (net) 2,518 3,094
Goodwill, net 1,389 1,345
Other assets 416 380
Total assets $31,100 $ 28,993
Liabilities and stockholders' equity
Current liabilities
Note payable $ 3,051 $ 1,792
Accounts payable 4,450 4,114
Other current liabilities and accrued
expenses 5,798 4,015
Deferred revenue 9,400 5,694
Total current liabilities 22,699 15,615
Deferred revenue 32 41
Total liabilities 22,731 15,656
Stockholders' equity 8,369 13,337
Total liabilities and stockholders'
equity $ 31,100 $ 28,993
CONTACT: Consilium Clifton Wong, 415/691-6346 |
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