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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (82)	10/24/2001 10:04:11 PM
From: SusieQ1065	Respond to of 238

SPLX ($16-$13) EPS-2..beats by 2 cents..rev's slightly lower than expected. Simplex Solutions Reports Financial Results for Fourth Quarter and Fiscal 2001 Company Posts Tenth Consecutive Quarter of Record Revenue SUNNYVALE, Calif., Oct. 23 /PRNewswire/ -- Simplex Solutions, Inc. (Nasdaq: SPLX - news) today reported its fourth quarter and fiscal year results for the period ended September 30, 2001. For the fourth quarter of fiscal 2001, Simplex reported revenue of $14.3 million and pro forma net income of $982,000, or $0.06 per share. Pro forma net income excludes stock-based compensation expense and amortization of acquired intangible assets. This compares to revenue of $7.3 million and pro forma net income of $318,000, or $0.04 per share, for the fourth quarter of fiscal 2000. For the 12-month period ended September 30, 2001, Simplex reported revenue of $48.2 million and pro forma net income of $1,783,000, or $0.13 per share. This compares to revenue of $22.8 million and pro forma net income of $648,000, or $0.08 per share, for the 12-month period ended September 30, 2000. Financial results prepared in accordance with generally accepted accounting principles (GAAP) are shown below. ``I'm pleased with our fourth-quarter and fiscal year-end results, particularly in light of a difficult global economic environment,'' commented Penny Herscher, chairman and CEO of Simplex Solutions, Inc. ``Annual revenue grew 111 percent, and we increased pro forma net income by 175 percent. I am also pleased with our ability to serve our customers with leading-edge products and services as they move to 0.13-micron technology. Additionally, we made significant technological progress on the X Architecture while strengthening our X Initiative semiconductor supply-chain partnerships.'' Simplex will hold a conference call that includes a business outlook, with financial analysts and investors today at 2:00 p.m. PDT. A live webcast of the call will be available from www.StreetFusion.com and through a link on the Simplex website at www.simplex.com. Those wishing to listen to the telephone replay may call 719-457-0820, access code 480092, beginning at 5:00 p.m. PDT today and ending on October 31, 2001. A webcast replay will also be available from www.StreetFusion.com and through a link on the Simplex site at www.simplex.com from approximately 5:00 p.m. PDT today and ending on October 31, 2001.