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CMS/DATA ANNOUNCES RESULTS

 CMS/DATA ANNOUNCES RESULTS
 TALLAHASSEE, Fla., Feb. 14 /PRNewswire/ -- CMS/DATA Corporation,


(NASDAQ: LAWR) today reported revenues and earnings for the second quarter and six month period ended Dec. 31, 1991. The revenues and earnings figures reported below include the results of the company's subsidiaries, CompInfo, Inc. and Canterbury Systems Corp.
 For the three months ended Dec. 31, 1991 revenues were $3,490,000 compared to $2,530,000 for the same period last year. Revenues for the six months ended Dec. 31, 1991 were $7,202,000 compared to $6,053,000 last year. The net loss for the three months ended Dec. 31, 1991 was $182,400 compared to a loss of $102,300 for the period ended Dec. 31, 1990. The net loss for the six month period ending Dec. 31, 1991 was $158,800 compared to net income of $243,400 for the six month period ending Dec. 31, 1990. There was a loss per share of $0.05 for the three months ended Dec. 31, 1991 on 3,859,000 weighted average shares outstanding, compared to a loss of $0.03 on 3,158,000 weighted average shares outstanding for the same period last year. There was a loss per share of $0.04 for the six months ended Dec. 31, 1991 compared to earnings per share of $0.08 for the same period last year.
 Hardware prices have been and continue to be negatively impacted by price erosion in the industry and by delays in purchase decisions by clients caused by the ongoing recession and poor economic environment. However, sales revenues, excluding hardware, increased due to the sales of the company's own higher margin products, including PC DOCS(R) and other application software, together with an increase in service revenues from existing clients. The company and its subsidiaries continue their policy of enhancing their current software products and developing new products to strengthen their positions as leading vendors of computer systems and software applications to the legal industry.
 CompInfo and Canterbury's investments in their product development programs negatively impacted their earnings for the quarter ended Dec. 31, 1991, which in turn reduced the company's net income. CompInfo and Canterbury were acquired in February 1991, by the company principally because of their positions in their respective marketplaces, strong client bases, products and development teams. The company expects CompInfo and Canterbury will continue to have a short term negative impact on the company's earnings. Notwithstanding the losses in CompInfo and Canterbury, the company believes that their client bases, current products and new products currently under development provide significant synergies, additional business potential and opportunity for the future growth of the company.
 Canterbury will be releasing its new products, namely, DOCUDRAFT(TM) and MARKETBASE(TM) in the third quarter. In addition, CompInfo released their network based CORPORATE LAWPACK(TM) product in December 1991, which is included in the group of products presented by the companies at various trade shows this spring.
 CMS/DATA Corporation designs, markets, installs, supports and integrates systems for the legal profession. The company's primary software product, CLO 2(TM) is now available on Data General's line of AViiON(TM) computers, the IBM series of RS/6000(TM) machines running under AIX(R), the Digital Equipment Corporation (DEC(TM)) ULTRIX(R) based computers, the Hewlett-Packard HP9000 Series 800 systems under the HP/UX(R) operating systems, as well as machines based on the Intel(R) 386 and 486 chips running under the SCO UNIX(R) operating system.
 The company's PC DOCS(R) (document organization and control system), developed for WordPerfect(R) and Novell(R) users, is marketed directly through the company's national sales organization and distributed through a dealer network throughout the United States and Canada. The past year has seen PC DOCS(R) ascend to a leading position in the industry. This is evidenced by the fact that PC DOCS(R) has recently been honored with the PC Magazine EDITOR'S CHOICE award for Document Management Software (December issue). The article accompanying the award describes PC DOCS(R) as "Offering the best blend and functionality, ease of use, speed and security," in document management products. PC DOCS(R) is licensed on over 16,000 workstations in corporations, government agencies and institutions as well as in over 200 law firms. With over 250 dealers in place, in both the United States and Canada, PC DOCS(R) is poised for strong growth.
 CompInfo, a New York based corporation having among its client base Fortune 500 companies, as well as a substantial representation of large New York based law firms, is one of the leading corporate legal software vendors with products for case management, docket control, tracking outside counsel expenses, time recording, departmental chargeback, file room and corporate secretary.
 Canterbury, a Toronto based company, is a leading Canadian vendor of office and practice management software to the legal industry. Canterbury's system is a full-featured management package including time recording, billing, accounts receivable, accounts payable and a general ledger. In addition, Canterbury has developed a range of practice management applications which are LAN based and run on a variety of hardware platforms.
 CMS/DATA CORPORATION
 Consolidated Statements of Operations
 (Unaudited)
 Quarter Ended Dec. 31, Six Months Ended Dec. 31,
 1991 1990 1991 1990
 Revenues:
 System Sales $2,293,400 $1,637,000 $4,745,300 $4,390,700
 Miscellaneous
 sales, services
 and software
 support
 agreements 1,171,600 769,800 2,385,800 1,539,800
 Other revenue 25,000 123,200 71,600 123,200
 Total
 revenues 3,490,000 2,530,000 7,202,700 6,053,700
 Costs and expenses:
 Costs of sales
 and services 1,331,800 1,100,600 2,624,800 2,845,300
 Software
 development
 costs 155,700 162,000 446,900 242,000
 Selling,
 general and
 administrative 2,132,400 1,338,400 4,009,700 2,440,400
 Depreciation
 and
 amortization 78,300 96,300 297,200 143,300
 Interest 3,700 1,000 6,500 9,300
 Total costs
 and
 expenses 3,701,900 2,698,300 7,385,100 5,680,300
 (Loss) income
 before income
 taxes (211,900) (168,300) (182,400) 373,400
 Income taxes
 (benefit) (29,500) (66,000) (23,600) 130,000
 Net (loss)
 income ($182,400) ($102,300) ($158,800) $ 243,400
 Net (loss)
 income per
 common share ($0.05) ($0.03) ($0.04) $0.08
 Weighted average
 shares and share
 equivalents 3,859,000 3,158,000 3,589,000 3,158,000
 -0- 2/14/92
 /CONTACT: Rubin I. Osten, chairman and CEO of CMS/DATA Corporation, 904-878-5155/ CO: CMS/DATA Corporation ST: Florida IN: CPR SU: ERN


JJ-AW -- FL002 -- 0284 02/14/92 14:55 EST
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