>>>Well what :-). Can't complain, over 40% for one day. How 'bout you?
My shares are free...so I can't figure a % lol!
Thursday April 27, 4:45 pm Eastern Time
Company Press Release
SOURCE: Datawatch Corporation
Datawatch Reports Second Quarter Results
LOWELL, Mass., April 27 /PRNewswire/ -- DATAWATCH CORPORATION (Nasdaq: DWCH - news) today announced results for its second fiscal quarter. Revenues for the quarter ended March 31, 2000 were $7,183,000 up from $7,161,000 in the same period of fiscal 1999. Net sales for the three months ended March 31, 1999 included a non-recurring licensing and development fee of $740,000 received from Adobe Systems Incorporated for integration of certain technology from the Company's Redwing product into Adobe Acrobat. The Company had a net loss of $88,000 or $.01 per share which compares to a net loss of $1,235,000 or $.13 per share in the same period of fiscal 1999.
Revenues for the six months ended March 31, 2000 were $13,893,000 up from $13,684,000 for the same period of fiscal 1999. Net loss for the six months ended March 31, 2000 was $525,000 or $.06 per share compared to a net loss of $2,965,000 or $.32 per share for the same of fiscal 1999.
Commenting on the results, Bruce R. Gardner, Datawatch's President & CEO said: ``We are encouraged to see continuing improvement in our performance. Sales increased year over year and sequentially, and losses have been brought down to levels which produce profits on an EBITDA basis. During the quarter we introduced two important new products: Monarch/ES Report Portal, a thin- client version of our highly-acclaimed Enterprise Reporting product, and Monarch Version 5, an improved release of our popular report mining tool. The sequential increase in revenues, the expense reductions enacted over the past year and these new product introductions lead us to believe that Datawatch is well positioned for continuing improvement in the months ahead.''
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: the Company's dependence on its principal products, risks associated with international sales, risks associated with Year 2000 issues, an unfavorable result in any litigation, market acceptance of the new products, dependence on the introduction of new products and possible delays in those introductions. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by the Company from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Form 10-K for the year ended September 30, 1999. Any forward-looking statements should be considered in light of those factors.
About Datawatch
Datawatch Corporation, headquartered in Lowell, Mass., is a leading provider of Enterprise Reporting and Support Center solutions that help organizations increase productivity, reduce costs and gain competitive advantage. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide.
Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with OEM customers who embed Datawatch components and technologies in their own solutions. The corporate address for Datawatch is Tower III, 5th Floor, 900 Chelmsford Street, Lowell, MA 01851-8100; telephone (978) 441-2200, fax (978) 441-1114; datawatch.com.
Monarch, Monarch/ES, Monarch/ES Report Portal, Quetzal and Quetzal/SC are trademarks of Datawatch Corporation
biz.yahoo.com |
