TSSW - $1.46 New High - Traffic Up 22% from record first qtr
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First Qtr Report Below:
TouchStone Software Corporation Reports Q1 Revenue of $1,102,026 and Earnings of 3 Cents per Share - Best Earnings Results in over 10 Years
TouchStone Software Corporation (OTCBB:TSSW) today announced that for the quarter ending March 31, 2007, net revenue was $1,102,026. On a GAAP basis, TouchStone Software's first quarter net earnings were $310,225, or $0.03 per share diluted, which is the best reported quarterly earnings since 1995. As a percentage of sales, gross profit margin for the first quarter improved to 96% as compared to 85% for the same period in 2006. Net operating margin for the first quarter was 28% as compared to 26% for the same period in 2006.
Financial Highlights
TouchStone Software’s revenue in the quarter grew by 39.7% from the same period a year ago
TouchStone Software ended the quarter with cash and cash equivalents, restricted cash, and investments of $1,448,308, an increase of $817,376 from the same period in 2006
Driver Agent’s total active subscribers grew 123% in Q1 of 2007 from Q4 in 2006
Financial Outlook
TouchStone Software expects continued strong financial results as a result of rapid gains in new subscribers and renewals of existing subscribers for its Driver Agent service as well as an increased demand for BIOS Upgrades as a result of the recent launch of Microsoft Vista
"TouchStone’s Driver Agent, expanding network of Internet properties and improved BIOS update business model all continue to gain traction and are fueling TouchStone's record profitability and helping to drive TouchStone’s expansion into other related areas” said Jason K. Raza, President and Chief Executive Officer of TouchStone Software Corporation. “Our recent acquisition of three software utilities are expected to greatly enhance our sales and profitability as we launch these applications later this year”.
Business Highlights:
-- TouchStone Software welcomed several new Internet partners in the
1st quarter including:
-- www.guru3d.com
-- www.driverslab.com
-- www.driverskit.com
-- TouchStone Software's web traffic continued to achieve record new
highs during the 1st quarter of 2007 (numbers shown are for the
three months January-March 2007):
-- Unique Visitors to www.driveragent.com were 2,143,322
-- Unique Visitors to www.eSupport.com were 4,474,408
-- Unique Visitors to www.totallydrivers.com were 649,020
-- Unique Visitors to www.driverzone.com were 1,110,277
-- Unique Visitors to www.mrdriver.com were 305,694
-- Unique Visitors to www.award-bios.com were 254,171
-- Unique Visitors to www.vista-agent.com were 68,190
-- Unique Visitors to www.driversDB.com were 228,761
-- Total page views across the entire TouchStone Software network of
websites exceeded 56 million for the three month period ending
March 31, 2007 and averaged over 18 million per month
-- Acquired three new software utility titles to expand into the PC maintenance and support market |
