Template Software Announces First Quarter Results in Line With Street EPS Estimates.Dulles Dul·les , Allen Welsh 1893-1969. American public official. Director of the CIA (1953-1961), he resigned after the failed invasion of the Bay of Pigs. Noun 1. , Va.--(BUSINESS WIRE)--April 28, 1999-- Company Reports Earnings of $0.02 Per Share Template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the Software, 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 : TMPL TMPL Taylor Memorial Public Library (Cuyahoga Falls, OH) ), Template Software, Inc. (NASDAQ: TMPL), an advanced enterprise application integration software company based in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. , announced today the financial results for its first quarter ended March 31, 1999. Revenue for the quarter was $12.5 million compared to $8.6 million for the first quarter of 1998, an increase of $3.6 million or 46 percent over the prior period. Net earnings for the quarter were approximately $87,000 or $0.02 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, as compared to a net loss of $19,000 or $0.00 per share for the same period in 1998. "Our first quarter financial results are encouraging since they represent the second consecutive quarter that we met Street expectations," said Lin Lin , Maya Ying Born 1959. American sculptor and architect whose public works include the Vietnam Veterans Memorial in Washington, D.C. (1982). Noun 1. Pearce Pearce may refer to: In places:
Highlights of the Quarter During the first quarter, product revenue increased 66 percent to $2.2 million from the same period last year, while service revenue increased 42 percent to $10.3 million. The Company's gross margin for the first quarter was 35 percent. This is slightly lower than first quarter of 1998 due primarily to the use of third-party software in conjunction with Template Software products in the performance of a government contract. General and administrative expenses in the first quarter of 1999, as a percentage of revenues decreased to 12.5 percent from 14.6 percent for the same period in 1998. During the quarter, the Company strengthened its sales and management team with the appointments of Mike Judd Michael Galen Judd (born June 30, 1975, in San Diego, California) was a Major League Baseball right-handed pitcher. Drafted by the New York Yankees in the 9th round of the 1995 MLB amateur draft, Judd would make his Major League Baseball debut with the Los Angeles Dodgers on to Vice President of Government Sales and Business Development, Jack Codde to U.S. Sales Director and Charlie Chrosniak to Director of Business Development. The Company also began a major rollout of version 9 of its core technology products. The rollout will extend over the entire year and encompass all of the products within both the business automation and enterprise integration product lines. Template's Government Operations This article aims to describe the financial expenditure associated with the operations and processes of world governments of all levels. Size of economic footprint
NSIPS NRL (Naval Research Laboratory) Satellite Image Processing System Navy Reserve functionality. Template also announced a global Alliance with BULL, the third-largest systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and a "top-ten"
integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter.(2) See systems integrator. worldwide. Under the terms of the agreement BULL has the right to use and sub-license Template's technology products for use in customer engagements worldwide. BULL and Template have decided to co-market initially to the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. market since both companies target this industry as a key business area. Conference Call Scheduled The Company will conduct a conference call on Thursday Thursday: see week. , April 29, at 10:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy to provide further insights regarding the financial results and to respond to investor questions. Shareholders who are interested in participating in the call should dial 800/810-0924 approximately 10 minutes before the call is scheduled to begin and ask to be connected to the Template Software earnings conference call. A recording of the call will be available from 1:00 p.m. on Thursday, April 29, until midnight on Monday Monday: see week. , May 3, by calling 719/457-0820. The code number for the recording is 680442. Template Software is the leading provider of software products and solutions for enterprise application integration. Template's object-based See object-oriented programming. integration architecture and innovative software templates enable organizations to rapidly capture, automate To turn a set of manual steps into an operation that goes by itself. See automation. and integrate critical business processes across the enterprise, reducing cost and risk of implementing business solutions. For more information about Template Software and its technology offerings, contact Template Software Headquarters, 45365 Vintage
Vintage, in wine-making, is the process of picking grapes and creating the finished product. A vintage wine is one made from grapes that were all, or primarily, grown in a single specified year. Park Plaza For the hotel in New York City, see . Plaza (IPA /'plaθa/ or /'plasa/ , Suite 100, Dulles, Virginia 20166; voice: 703/318-1000; fax: 703/318-3253; e-mail: info@template.com; World Wide Web: www.template.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This 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. that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results, reliance on key personnel, and other risks detailed from time to time in the "Company's periodic reports filed with the Securities and Exchange Commission (which reports are available from the Company upon request). These risks could cause Template Software's actual results for 1999 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Template Software in this release. -0-
Template Software, Inc. and Subsidiaries
Consolidated Statements of Operations
(amounts in thousands, except per share and share data)
(unaudited)
Three months ended
-------------------------------------
March 31, 1999 March 31, 1998
---------------- -----------------
Revenues:
Products $ 2,202 $ 1,325
Services 10,261 7,233
---------------- -----------------
Total Revenues 12,463 8,558
---------------- -----------------
Cost of revenues:
Products 619 335
Services 7,394 4,484
---------------- -----------------
Total cost of revenues 8,013 4,819
---------------- -----------------
---------------- -----------------
Gross profit 4,450 3,739
---------------- -----------------
Operating expenses:
Selling and marketing 2,418 2,247
Product development 368 345
General and administrative 1,601 1,294
---------------- -----------------
Total operating expenses 4,387 3,886
---------------- -----------------
Income (loss) from operations 63 (147)
Interest income (expense) 92 152
Other income (expense) 3 30
---------------- -----------------
Income (loss) before
income taxes 158 35
Income tax provision (benefit) 71 54
================ =================
Net income (loss) $ 87 $ (19)
================ =================
Earnings (loss) per share - basic $ 0.02 $ (0.00)
================ =================
Shares used in computing basic
earnings (loss) per share 4,982,791 4,864,187
================ =================
Earnings (loss) per share -
diluted $ 0.02 $ (0.00)
================ =================
Shares used in computing
diluted earnings (loss)
per share 5,039,671 4,864,187
================ =================
Template Software, Inc. and Subsidiaries
Consolidated Balance Sheets
(amounts in thousands)
March 31, 1999 December 31, 1998
(unaudited)
---------------- -----------------
ASSETS
Current assets:
Cash and cash equivalents $ 3,147 $ 1,831
Marketable securities 7,744 8,221
Accounts receivable, net 12,581 15,752
Deferred tax asset 2,036 1,873
Other current assets 1,833 1,699
---------------- -----------------
Total current assets 27,341 29,376
---------------- -----------------
Property and equipment, net 5,310 5,423
Software development costs, net 2,854 2,601
Goodwill, net 10,084 10,298
Other assets 1,340 1,367
================ =================
Total assets $ 46,929 $ 49,065
================ =================
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and
accrued expenses $ 5,718 $ 6,744
Current portion of
long-term debt 377 451
Income taxes payable 45 27
Deferred income 1,041 1,437
---------------- -----------------
Total current liabilities 7,181 8,659
---------------- -----------------
Long-term debt, net of
current portion 64 77
Deferred income taxes 827 827
Other long term liabilities 408 421
---------------- -----------------
Total liabilities 8,480 9,984
---------------- -----------------
Shareholders' equity 38,449 39,081
---------------- -----------------
================ =================
Total liabilities and
shareholders' equity $ 46,929 $ 49,065
================ =================
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