LIGHTBRIDGE REPORTS SECOND QUARTER RESULTS
REPORTS 30% GROWTH VS Q2 1996 LIGHTBRIDGE, INC. (NASDAQ:LTBG), A
LEADING
WALTHAM, Mass.--(BUSINESS WIRE)--July 29, 1997--
Reports 30% Growth vs Q2 1996
Lightbridge, Inc. (NASDAQ:LTBG.O), a leading provider of customer
acquisition and retention solutions for global telecommunications
companies, today reported financial results for the second quarter
ended June 30, 1997. Revenue for the second quarter of 1997 was $9.0
million, a 30% increase from $6.9 million for the second quarter of
1996. Net income for the quarter was $899,000 or $0.06 per share,
compared with $280,000, or $0.02 per share on a pro forma basis, for
the quarter ended June 30, 1996.
Revenue for the six months ended June 30, 1997 was $17.8 million,
an increase of 34% from $13.3 million for the same period in 1996. Net
income for the six months ended June 30, 1997 was $2.7 million or
$0.16 per share compared with net income of $303,000, or $0.02 per
share on a pro forma basis, for the first six months of 1996.
Pamela D. A. Reeve, president and chief executive officer of
Lightbridge, commented, "We are very pleased with the performance of
the Company on all fronts this quarter. We added Dobson Communications
to our domestic client base which now includes over 50
telecommunications companies, and began global expansion with the
addition of two international clients.
We experienced nearly a doubling in our software and consulting
services, as clients continue to recognize the value of the fully
integrated workflow-enabled solutions we provide. We are well on the
way to achieving our 1997 business plan objectives in terms of client
diversity, international expansion and a continuing flow of new
product offerings."
In a separate release issued today the Company announced that
Ameritech Communications Inc. has chosen the Company's Telesto(tm)
customer acquisition and retention solution.
During the second quarter, the Company announced an agreement to
integrate Lightbridge's Telesto customer acquisition and retention
solution with Equifax Corporation's Multivision platform. The Company
also announced a multi-year contract with Dobson Communications for
the complete Telesto suite. In addition, the Company recently
announced the second quarter sale of Churn Prophet(r), churn analysis
software, and related consulting to Uniqueair Limited of the United
Kingdom.
About Lightbridge
Lightbridge, Inc. (NASDAQ:LTBG.O), based in Waltham, Mass., is a
leading provider of software-based services that help global
telecommunications carriers quickly acquire customers and retain them
over time. Lightbridge has leveraged its credit processing expertise
into solutions that help carriers quickly and cost-effectively provide
bundled services through new channels. Telesto(tm), Lightbridge's
network of integrated customer acquisition and retention solutions,
provides best-in-class credit, fraud, churn, channel and market
performance solutions to such clients as AT&T Wireless, BellSouth
Mobility DCS, OmniPoint Communications, PrimeCo Personal
Communications and Sprint PCS. It is the only complete,
workflow-enhanced system for customer interaction in the converged
telecommunications marketplace. Additional information on the Company
can be found on the Web at lightbridge.com
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All trademarks are property of their respective companies.
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Important factors that
could cause actual results to differ materially from those indicated
by such forward-looking statements include risks set forth under the
caption Risk Factors in Lightbridge's Annual Report on Form 10-K for
the year ended December 31, 1996, which factors are incorporated
herein by reference.
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