EXEE earnings (Note: not sure yet how these results compared to estimates)...
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Friday August 18, 6:59 am Eastern Time
EXE Technologies Announces Record Second Quarter Revenue
DALLAS, Aug. 18 /PRNewswire/ -- EXE Technologies, Inc., (Nasdaq: EXEE - news), a leading provider of fulfillment, warehousing and distribution software for e-commerce and traditional distribution channels, today announced record revenue for the second quarter ended June 30, 2000.
Revenue for the second quarter ended June 30, 2000 was $28.1 million, up 22% from revenue of $23.0 million for the second quarter ended June 30, 1999 and up 10% from the first quarter of 2000. Operating income for the second quarter ended June 30, 2000, excluding amortization of intangibles and non-cash warrant and stock compensation expense, was approximately $49,000 as compared to an operating loss, excluding these items, of $7.1 million for the same period in 1999. After all non-cash charges for amortization of intangibles and warrant and stock compensation expense, the Company reported an operating loss of $1.9 million for the second quarter ended June 30, 2000 as to compared to an operating loss of $8.5 million for the second quarter ended June 30, 1999.
Net losses for the second quarter ended June 30, 2000, excluding amortization of intangibles and non-cash warrant and stock compensation expense, decreased to $0.6 million, or $(0.04) per share, compared with a net loss, excluding these items, of $7.7 million, or $(0.48) per share, for the second quarter ended June 30, 1999. After all non-cash charges for amortization of intangibles and warrant and stock compensation expense, the Company reported a net loss of $2.6 million or $(0.16) per share for the second quarter ended June 30, 2000 as compared to a net loss of $9.2 million or $(0.57) per share for the second quarter ended June 30, 1999.
EXE attributed its improved results to growing market acceptance of its EXceed(TM) eFulfillment System, or eFS, and predecessor products. Total revenue from these products was $17.2 million for the second quarter ended June 30, 2000, an increase of 101% from the second quarter ended June 30, 1999. Software license revenue from these products grew by 166% to $7.5 million from the second quarter ended June 30, 1999.
For the six months ended June 30, 2000, total revenue was $53.6 million, a 10% increase over the six months ended June 30, 1999. Revenue from the e-fulfillment and predecessor products for the six months ended June 30, 2000 was $32.1 million, a 93% increase over revenue from the e-fulfillment and predecessor products for the six months ended June 30, 1999 of $16.6 million.
Net loss for the six months ended June 30, 2000, before amortization of intangibles and non-cash warrant and stock compensation expense, was $1.3 million, or $(0.08) per share, compared to a net loss, excluding these items, of $10.8 million, or $(0.67) per share for the same period last year. After all non-cash charges for amortization of intangibles and warrant and stock compensation expense, the Company reported a net loss of $5.5 million or $(0.34) per share for the second quarter ended June 30, 2000 as compared to a net loss of $13.5 million or $(0.84) per share for the second quarter ended June 30, 1999.
The financial and share information for all periods presented and included in this press release does not reflect the Company's initial public offering in August 2000, does not give effect to the issuance of shares in the offering and does not reflect the receipt or application of proceeds from the offering.
About EXE Technologies:
EXE Technologies, Inc. is a leading provider of fulfillment, warehousing and distribution software for e-commerce and traditional distribution channels. Our software allows companies to use the Internet and traditional communication methods to efficiently manage and control the flow of inventory throughout the supply chain. Companies use our software to reduce distribution costs and increase customer loyalty and satisfaction. We provide global service and support for our software from established facilities in North America, Europe, the Middle East, Asia and Australia. For more information about EXE Technologies, Inc., telephone 214-775-6000 or visit EXE at www.exe.com . |
