Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (2921)	12/18/1998 4:49:00 PM
From: esecurities(tm)	Respond to of 4231

>>In Perspective:Q4 '97 (v. pending q4 '98): SOFTQUAD INTERNATIONAL INC. REPORTS FINANCIAL RESULTS; COMPANY CONCLUDES RESTRUCTURING, SOLIDIFIES RETAIL POSITION March 31, 1998, Toronto, Canada - "SoftQuad International Inc. ("SoftQuad" or the "Company")(NASDAQ:SWEBF; TSE:SKI) announced financial results for the fourth quarter ended December 31, 1997 and for the year. For the three months ended December 31, 1997, the Company recorded sales of $4.4 million, which represents a 4% decrease over the $4.5 million achieved in the comparable period last year. Sales for the year ended December 31, 1997 amounted to $22.2 million as compared to $16 million for the previous year, representing a 39% increase. The net loss for the quarter ended December 31, 1997 amounted to $5.0 million or 38 cents per share, in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") as compared to a net loss of $3.2 million or 30 cents per share, for the comparable quarter last year. The loss for the year ended December 31, 1997 amounted to $29.8 million or $2.28 per share as compared to a net loss of $18.5 million or 1.77 cents per share for the prior year...During the quarter, the company concluded its restructuring, refocused its software titles acquisition strategy on the high-growth entertainment and "edutainment" segment, and continued to expand its channels of distribution. Through its Alpha Software subsidiary, SoftQuad launched three new products into these channels at the end of the quarter. In addition, during the quarter Alpha Software filed an arbitration proceeding for breach of contract against Kurzweil Inc., a division of Lernout & Hauspie, over rights to market a forthcoming line of their continuous speech products. The company also announced additional components to its HoTMetaL PRO 4.0 family of products, which include HoTMetaL PowerPack and the HoTMetaL Application Server. "The fourth quarter did not meet our expectations for two reasons," said Richard Rabins, CEO, SoftQuad International. "We were disappointed with the market performance of the Voice products, and we incurred significant costs as we completed the overall restructuring of the company, a process that we pursued throughout 1997." "We feel positive about 1998," Rabins said. "Because of our position in the industry, we've been able to identify some very exciting, strategic opportunities centered around licensed properties and new platforms..." source: softquadintl.com