TSSW Annual Earnings Release - BEST IN 13 Years - NEWS BELOW:
TouchStone Software Corporation Reports Full Year 2006 Revenue of $3,219,034 and Earnings of 6 Cents per Share - Best Results Since 1994
TouchStone Software Corporation (OTCBB:TSSW) today announced that for the year 2006, net revenue was $3,219,034. On a GAAP basis, TouchStone Software's 2006 net earnings were $724,182, or $0.06 per share diluted. As a percentage of sales, gross profit margin for 2006 improved to 93% as compared to 86% in 2005. Net operating margin for 2006 was 22%.
Financial Highlights
TouchStone Software’s revenue for the 2006 calendar year grew by 99.3% over 2005 results
TouchStone Software ended the year with cash and cash equivalents, restricted cash, and investments of $1,109,189, an increase of $703,236 from the 2005 year end
Driver Agent’s total active subscribers grew in excess of 100% quarter over quarter for each quarter of 2006
Financial Outlook
TouchStone Software expects continued strong financial results as a result of rapid new subscriber sales and renewals of existing subscribers for its Driver Agent service as well as renewed consumer interest in BIOS Upgrades
“Driver Agent continues to pace TouchStone’s rapid transition to a profitable online network of Internet properties,” said Jason Raza, president and chief executive officer of TouchStone Software Corporation. “The phenomenal success of Driver Agent has spurred us to explore the migration of other software products to a similar business model. In addition, Microsoft’s recent release of the Vista operating system has created an increased demand for BIOS Upgrades as well as generated significant new web traffic to our recently launched www.vista-agent.com website.”
Business Highlights:
-- TouchStone Software welcomed several new Internet partners in the
4th quarter including:
-- Tiger Direct www.tigerdirect.com
-- NCIX www.ncix.com
-- TechSpot www.techspot.com
-- United Online:
-- www.juno.com
-- www.NetZero.com
-- TouchStone Software's web traffic continued to achieve record new
highs during the 4th quarter of 2006 (numbers shown are for the
three months October-December 2006):
-- Unique Visitors to www.driveragent.com were 2,143,322
-- Unique Visitors to www.eSupport.com were 3,830,079
-- Unique Visitors to www.totallydrivers.com were 776,761
-- Unique Visitors to www.driverzone.com were 1,135,282
-- Unique Visitors to www.mrdriver.com were 256,642
-- Unique Visitors to www.award-bios.com were 343,982
-- Total page views across the entire TouchStone Software network of
websites exceeded 55 million for the three month period ending
December 31, 2006 and averaged over 18 million per month
-- Total page views across the entire TouchStone Software network of
websites for the month of January 2007 exceeded 20 million |
