DALLAS, Feb. 19, 2008 (PRIME NEWSWIRE) -- Zix Corporation (ZixCorp(r)), (NasdaqGM:ZIXI - News), the leader in hosted services for email encryption and e-prescribing, today announced financial results for the fourth quarter ended December 31, 2007. ZixCorp recorded fourth quarter revenues of $7.0 million and a net loss of $1.4 million for the quarter, or $0.02 per share, compared with revenues of $5.5 million, and a net loss of $3.4 million, or $0.06 per share, in the corresponding quarter in 2006. Total revenue for the full year 2007 was $24.1 million compared with $18.4 million in 2006. Net loss for the full year 2007 was $8.1 million compared with $19.5 million for 2006. Total cash and cash equivalents (including marketable securities) as of December 31, 2007 were $12.3 million.
``ZixCorp exceeded revenue guidance each quarter of 2007, ending with record revenue of $24.1 million for full year 2007,'' said Rick Spurr, chairman of the board and chief executive officer. ``I am pleased that we have maintained strong top line growth this year while also reducing costs compared with the prior year. We remain on track to attain our goal of achieving positive cash flow in the first quarter of 2008. We have combined significantly improved financial fundamentals with an increased recognition in the market of our leadership positions in both businesses to create a strong foundation for continued growth.'' |
