CyberMedia Inc. announces record revenues & earnings for its first quarter in 1997.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--April 22, 1997--CyberMedia Inc. (NASDAQ/NMS:CYBR CYBR Copy Byte Right ) Tuesday Tuesday: see week. announced its operating results for the quarter ended March 31, 1997. For the quarter ended March 31, 1997, the company reported revenues of $16,533,000, a 173% increase over the $6,058,000 reported for the same period in 1996. Net income for the first quarter was $1,369,000 or $.10 per share as compared to a loss of $1,017,000 or $.13 per share for the same period the previous year. During the quarter, CyberMedia launched First Aid 97, the latest upgrade to its First Aid family of automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. service and support products for PC users in Italy, Germany, France, Australia and the United Kingdom. The international launch of these products, as well as continued strong sell-through of First Aid and Oil Change in the U.S. retail channel, contributed to the growth in revenue for the quarter ended March 31, 1997. The growth in earnings reflects both the growth in revenue and a decrease in percentage of revenue derived from lower margin direct mail during the quarter. Subsequent to the end of the quarter, CyberMedia announced the acquisition of exclusive worldwide distribution rights to Microhelp UnInstaller Software that helps uninstall applications from a computer. See uninstall. (operating system) uninstaller - A utility program to remove another application program from a computer's disks. from Luckman Interactive Inc. In addition, in April, 1997 CyberMedia acquired Walk Softly, a small software developer located in 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. and announced CyberMedia's "Cyberwall" personal Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. product for PCs. About CyberMedia CyberMedia is the leading supplier of automatic service and support solutions for PC users. CyberMedia's mission is to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems PC users to fix computer problems on their own -- before they need to call technical support hotlines for help. The company's ActiveHelp product line includes First Aid, Oil Change, UnInstaller and the Tech Support Yellow Pages. CyberMedia's products are distributed in 10,000 retail stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ; internationally in Germany, Canada, Italy, France, Austria, Switzerland, the United Kingdom and Australia; via OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and distribution partners including AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. , Sony, Fujitsu, Packard Bell-NEC and Phoenix Technologies; and on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the through America Online See AOL. , leading on-line resellers, and CyberMedia's Web site. Founded in 1991, CyberMedia employs 190 people with company headquarters at 3000 Ocean Park Blvd., Suite 2001, Santa Monica, Calif. and offices in San Jose, Calif. To order, call 800/721-7824 or visit the CyberMedia Web site at http://www.cybermedia.com . -0-
CyberMedia Inc.
Statements of Operations
(unaudited)
Qtr. Ended
March 31,
1997 1996
Revenue $16,533,000 $ 6,058,000
COGS 4,213,000 2,101,000
Gross Profit 12,320,000 3,957,000
Expenses
Research & Development 1,535,000 474,000
Sales & Marketing 8,155,000 3,879,000
General & Admin. 943,000 611,000
Total Operating Expenses 10,633,000 4,964,000
Operating Income (Loss) 1,687,000 (1,007,000)
Other Income (Expense) 521,000 (10,000)
Profit (Loss) Before Income
Taxes 2,208,000 (1,017,000)
Provision for Income Taxes 839,000 --
Net Income (Loss) $1,369,000 $(1,017,000)
Net Income (Loss) per Share 10 cents (13 cents)
Shares used in computing
income (loss) per share 13,420,000 7,890,000
-0-
CyberMedia Inc.
Balance Sheets
March 31, Dec. 31,
1997 1996
(unaudited) (audited)
Assets
Current assets:
Cash and cash equivalents $37,108,000 $39,322,000
Trade accounts receivable,
net 16,747,000 12,318,000
Inventory 1,560,000 2,365,000
Prepaid expenses 713,000 1,270,000
Other current assets -- 185,000
Total current assets 56,128,000 55,460,000
Furniture, fixtures and
equipment 1,245,000 990,000
$57,373,000 $56,450,000
-0-
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable $ 5,742,000 $ 7,004,000
Accrued expenses 2,599,000 1,247,000
Unearned revenue 3,729,000 4,024,000
Grant payable 413,000 413,000
Current portion of capital lease 42,000 45,000
Total current liabilities 12,525,000 12,733,000
Capital lease obligation 49,000 49,000
Total liabilities 12,574,000 12,782,000
Stockholders' equity
Common stock 120,000 119,000
Additional paid-in capital 52,344,000 52,583,000
Accumulated deficit (7,665,000) (9,034,000)
Total stockholders' equity 44,799,000 43,668,000
$57,373,000 $56,450,000
CONTACT: CyberMedia Inc., Santa Monica Stella Mastriona (investor relations Investor relations The process by which the corporation communicates with its investors. ), 310/581-4700 ext. 492 Giselle Bisson (press contact), 310/581-5961 |
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