Maybe this will help the situation a bit...
Datakey, Inc. Announces Second Quarter Results
MINNEAPOLIS, July 24 /PRNewswire/ -- Datakey, Inc. (Nasdaq: DKEY) today
reported results for the second quarter ended July 1, 2000. Revenue for the
second quarter of 2000 was $1,837,000, up 59% from $1,154,000 for the same
period last year. Net loss for the quarter was $725,000 or $.09 per share
compared to a net loss of $907,000 or $.29 per share, in the year-earlier
period.
Revenue for the six month period increased by 44% to $3,610,000 from
$2,514,000 in the year earlier period. Net loss decreased to $1,433,000, or
$.19 per share, versus $1,634,000, or $.53 per share, in the prior year.
"The second quarter was a record quarter for our Information Security
Solutions (ISS) business unit," said Carl P. Boecher, president & CEO of
Datakey, Inc.. "Over $1,500,000 in new orders were placed in the second
quarter, and ISS second quarter revenue increased by over 800% over the second
quarter of 1999 to $940,000. ISS added 41 new customers in the second quarter
versus 17 in the second quarter of 1999. Since our first product was
introduced in late 1997, our user list has grown to 650 enterprises, and we
have sold almost 270,000 seats."
Additional highlights for the second quarter:
-- Our first overseas office was opened in Frankfurt, Germany
-- We announced our PKI smart cards support Identrus requirements
-- We announced we are a member of three of five winning teams for the
GSA's Smart Access Common ID program
-- We teamed with Phaos Technology to deliver smart card based security '
for Java applications
Datakey, Inc. is an international supplier of electronic products and
services. The Company provides product, system and subsystem solutions to
record, store, and transmit electronic information. Datakey provides products
and systems directed to the information security market which enable user
identification and authentication, secure data exchange, and information
validation. It also provides OEM products, consisting of proprietary memory
keys, cards, and other custom-shaped tokens, that serve as a convenient way to
carry electronic information and are packaged to survive in portable
environments.
Shares of Datakey's common stock are traded on Nasdaq under the symbol
DKEY. Web address is datakey.com . Datakey press releases are
available by fax through Company News On-Call at 800-758-5804, ext. 231950, or
at prnewswire.com |
