Excalibur Technologies reports third quarter results.Corp. (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 :EXCA EXCA Exchangeable Card Architecture EXCA European Expanded Clay Association (Brussels, Belgium) ) Tuesday reported revenues of $5,006,477 for its third quarter ended Oct. 31, 1995, for an increase of 61% over the $3,101,288 reported for the third quarter of last year. In July of this year, Excalibur Technologies completed the acquisition of ConQuest Software Inc., of Columbia, Md., which has been treated as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . The results of operations reported below for the three and nine month periods, ended Oct. 31, 1995 and 1994 reflect the results of the combined entities. Expenses for the quarter were $5,067,112, an increase of $605,873, or 14% from the third quarter of last year. The net income for the third quarter was $108,301, or 1 cent per share, compared to a net loss of $1,062,925, or 9 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , reported for the third quarter last year. For the first nine months of the current fiscal year, revenues were $12,904,775, a 46% increase over the $8,812,716 reported for the same period last year. For the nine months ended Oct. 31, 1995, expenses were $14,313,620. The net loss for the first nine months was $994,851, or 9 cents per share, compared to a net loss of $7,066,681, or 64 cents per share, for the same period last year. -0-
Excalibur Technologies Corp.
Unaudited Consolidated Results of Operations
(in thousands, except per share amounts)
Three Months
ended Oct. 31, 1995
1995 1994 % Change
---- ---- --------
Revenues $5,006 $3,101 61%
Expenses 5,067 4,461 14%
Net Income/(Loss) 108 (1,063) --
Net Loss/Share $.01 ($.09) --
Nine Months
ended Oct. 31, 1995
1995 1994 % Change
---- ---- --------
Revenues $12,905 $8,812 46%
Expenses 14,314 16,312 (12%)
Net Loss (995) (7,067) --
Net Loss/Share ($.09) ($.64) ---0- Excalibur Technologies
Excalibur Technologies Corp. is a leading software developer dedicated to improving the way industry manages and retrieves information. The company's core technologies, based on adaptive pattern recognition and semantic networks, form the basis for the RetrievalWare(TM) product line of software components, including applications and toolkits, that allow software developers and end-users to manage and retrieve digital information in forms such as text, images, sound and full-motion video Video transmission that changes the image 30 frames per second (30 fps). Motion pictures are run at 24 fps, which is the minimum frequency required to eliminate the perception of moving frames and make the images appear visually fluid to the eye. . Excalibur was founded in 1980 and is a publicly-held corporation trading on NASDAQ with the symbol EXCA. -0- Excalibur Technolgies Corp. and the Excalibur logo are registered trademarks of Excalibur Technologies Corp. APRP APRP Adaptive Pattern Recognition Processing (Convera) APrP A Priori Probability and RetrievalWare are trademarks of Excalibur Technologies Corp. CONTACT: Excalibur Technologies, McLean Jim Buchanan James Forrest Buchanan (July 1, 1876 - June 15, 1949) was a professional baseball player. He was a right-handed pitcher over parts of one season (1905) with the St. Louis Browns. For his career, he compiled a 5-9 record in 22 appearances, with a 3. , CFO See Chief Financial Officer. , 703/790-2110 or SmartIR Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Melanie Cissone, 212/486-9734 |
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