Dendrite Provides Outlook for Fourth Quarter 2006 & Full Year 2007.Targets 2007 Revenues of $430 to $445 million and GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of $0.43 to $0.51 BEDMINSTER, N.J. -- Dendrite dendrite: see nervous system; synapse. International, 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 : DRTE DRTE Defence Research Telecommunications Establishment ) today provided its revenue and earnings per share outlook for the fourth quarter 2006 and its preliminary outlook for the full year 2007. 2007 Outlook The Company's 2007 revenue is expected to be in the range of approximately $430 to $445 million. Based on achieving revenue at these levels, Dendrite currently anticipates 2007 adjusted EPS in the range of approximately $0.45 to $0.52 per 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. Adjusted EPS excludes approximately $0.01 to $0.02 per diluted share of compensation expense (related to stock options and shares issued under the Company's employee stock purchase plan). GAAP EPS is therefore expected to be in the range of $0.43 to $0.51 per diluted share. "2006 has been a transitional year for Dendrite and we are pleased with what we have accomplished. We will enter 2007 more nimble nim·ble adj. nim·bler, nim·blest 1. Quick, light, or agile in movement or action; deft: nimble fingers. See Synonyms at dexterous. 2. and better positioned to take advantage of the growth opportunities we believe are present in our industry," said Joe Ripp, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We are very pleased that all of our segments are expected to be profitable in 2007 and that at the same time we will be able to invest to help drive future growth." Fourth Quarter 2006 Outlook The Company also provided an update on its fourth quarter 2006 outlook. Dendrite expects fourth quarter 2006 revenue to range from approximately $107 to $112 million, in line with its previously provided full year 2006 outlook of $419 to $424 million. Adjusted fourth quarter 2006 EPS is expected to range from a loss of approximately $0.03 to a profit of $0.03 per diluted share. This range includes a $0.05 impact related to expenses from duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. operations, training, moving and other non-restructuring items related to the Company's Operational Effectiveness program. In addition, this range includes approximately $0.04 to $0.05 of expenses related to strategic consulting and other items. The Company's adjusted fourth quarter 2006 EPS outlook excludes approximately $0.01 to $0.02 per share of compensation expense (related to stock options and shares issued under the Company's employee stock purchase plan) and an estimated $0.25 to $0.30 per share of severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when , asset impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. and other restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. expected to be incurred in the fourth quarter. GAAP EPS for the fourth quarter 2006 is therefore expected to be a loss of between approximately $0.35 and $0.23 per share. Dendrite has scheduled a call for analysts and investors to discuss its outlook at 4:30 p.m. E.S.T. on Thursday, December 14, 2006. The Company will be providing additional detail with respect its revenue outlook by segment, as well as additional details and underlying assumptions related to its 2006 and 2007 outlook. To participate in the call, or to download the accompanying presentation materials for the outlook call, please visit the Investors' Highlights Section of the Company's website at www.dendrite.com. Information on how to access a replay of the call will also be available. About Dendrite Founded in 1986, Dendrite International (NASDAQ: DRTE) enables sales, marketing, clinical and compliance solutions for the global pharmaceutical industry. The Company's clients are located in more than 50 countries and include the world's top 20 pharmaceutical companies. For more information, please visit www.dendrite.com. Note: Dendrite is a registered trademark of Dendrite International, Inc. FORWARD LOOKING INFORMATION: This document 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. that may be identified by such forward-looking terminology as "expect," "believe," "anticipate," "will," "intend," "plan," "target," "outlook," "guidance," and similar statements or variations. All of our "outlook" information constitutes forward looking statements. Such forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve significant risks and uncertainties, including risks associated with estimating and planning for (i) revenues based on customer decisions and unanticipated and unplanned for events over a 12 month or more period; risks which may result from our dependence on the pharmaceutical industry; our fixed expenses in relation to fluctuating fluc·tu·ate v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates v.intr. 1. To vary irregularly. See Synonyms at swing. 2. To rise and fall in or as if in waves; undulate. v. revenues and variations in customers' budget cycles; dependence on certain major customers, including the risk associated with our largest customer's plans to transition a significant portion of its U.S. sales force effectiveness services needs; fluctuations in quarterly revenues due to lengthy sales and implementation cycles; our ability to successfully complete our Operational Effectiveness program and to achieve the cost savings in the amounts and time periods expected and budgeted; changes in demand for our products and services attributable to any weakness experienced in the economy or mergers, acquisitions and consolidations in the pharmaceutical industry; risks associated with foreign currency fluctuations as they affect our non-U.S. operations; risks associated with our expanded international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and our ability to adopt and respond successfully to the unique risks involved in our non-U.S. operations; any difference between estimated and actual stock option expense; and risks associated with reviewing and considering strategic options, as previously announced, and with any transaction occurring or being consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. at any subsequent time. Other important factors that should be reviewed and carefully considered are included in the Company's 10-K under "Factors That May Affect Future Results" and its 10-Qs and other reports filed with the SEC. Actual results may differ materially. The Company assumes no obligation for updating, and does not plan or undertake to update, any such forward-looking statements to reflect actual results, changes in expectations or assumptions or other changes affecting such forward-looking statements, even if such results or changes make it clear that any such projected results will not be achieved. Any outlook and other forward-looking information is as of the date of this release only. At any such time in the future as the Company may provide revenue, earnings and other outlook information, prior related outlook should no longer be considered current. Our outlook and other forward-looking information do not take into account or reflect any possible future acquisitions, dispositions or similar transactions which may occur. |
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