Computeruser.com
Latest News

Attunity Reports First Quarter 2012 Results

BURLINGTON, Massachusetts April 23, 2012

Attunity, Ltd. March 31, 2012

Financial Highlights for the First Quarter of 2012:

  • Sixth consecutive quarter of license and total revenues growth.
  • $6.1 million $3.0 million
  • $3.6 million $1.6 million
  • $504,000 $408,000
  • $0.3 million March 31, 2012 $0.9 million December 31, 2011
    • $0.5 million
    • $83,000 January 2012
  • $2.4 million March 31, 2012 $1.5 million December 31, 2011
  • $6.1 million March 31, 2012 $5.2 million December 31, 2011

Recent Operational Highlights:

  • Consummated several major deals, primarily within the financial services sector.
  • Partnered with Hortonworks, a leading commercial vendor promoting the innovation, development and support of Apache Hadoop, to develop Big Data replication products for Apache Hadoop that enable Big Data analytics.
  • Completed the integration of RepliWeb with Attunity to unify all of the company’s functions and to leverage the capabilities of both organizations.
  • Developed innovative products that enable data replication for leading cloud platforms. These new products, which leverage synergies between the Attunity and its recently acquired RepliWeb technologies, will be released during the second half of this year.

Shimon Alon of Attunity

Mr. Alon

Financial Results for Q1 2012

$6.1 million $3.0 million $3.6 million $1.6 million $2.1 million $0.9 million

$343,000 $340,000 $831,000 $513,000 $220,000 $173,000 $268,000

($125,000) ($0.00) $179,000 $0.00 $157,000 $108,000 $49,000 $206,000 ($140,000) ($66,000) $164,000 $504,000 $408,000 $629,000

$2.4 million March 31, 2012 $1.5 million December 31, 2011

$6.1 million March 31, 2012 $5.2 million December 31, 2011

See "Use of Non-GAAP Financial Information" below for more information regarding Attunity’s use of Non-GAAP financial measures.

Conference Call Information

April 23, 2012 10:00 a.m. Eastern Time http://www.attunity.com/events http://www.kcsa.com Israel) All

May 23, 2012 http://www.attunity.com/events http://www.kcsa.com

About Attunity

data replication change data capture data connectivity enterprise file replication managed-file-transfer

Boston North America Europe Asia Pacific http://www.attunity.com In Tune blog Twitter Facebook LinkedIn YouTube

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Attunity uses Non-GAAP measures of net income (loss), net operating income (loss) and net income (loss) per share, which are adjustments from results based on GAAP to exclude expenses and amortization associated with the acquisition of RepliWeb, non-cash equity based compensation charges in accordance with ASC 718, amortization of software development costs in accordance with ASC 985-20, and non-cash financial expenses such as revaluation net of related tax effect of liabilities presented at fair value and convertible debt inducement expenses. Attunity’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Attunity’s on-going core operations and prospects for the future. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP.

Safe Harbor Statement

December 31, 2011

© 2012 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

                                                        March 31,   December 31,                                                            2012           2011                                                       Unaudited     ASSETS       CURRENT ASSETS:     Cash and cash equivalents                       $     2,448    $     1,484     Restricted cash                                         367            362     Trade receivables (net of allowance for     doubtful accounts of $15 at March 31, 2012 and     December 31, 2011)                                    1,950          1,988     Other accounts receivable and prepaid expenses          313            158       Total current assets                                  5,078          3,992       LONG-TERM ASSETS:     Other long term assets                                   68             72     Severance pay fund                                    2,797          2,684     Property and equipment, net                             410            380     Intangible assets ,net                                2,592          2,854     Goodwill                                             13,119         13,011       Total long-term assets                               18,986         19,001       Total assets                                    $    24,064    $    22,993 

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands except share data

                                                                                                                             March 31,   December 31,                                                            2012           2011       LIABILITIES AND SHAREHOLDERS' EQUITY              Unaudited     CURRENT LIABILITIES:     Current maturities of long-term convertible     debt                                           $        307     $      835     Current maturities of long-term debt                     23            115     Trade payables                                          495            452     Deferred revenues                                     6,678          5,733     Employees and payroll accruals                        1,953          2,151     Accrued expenses and other current liabilities        1,577          1,906     Bifurcated conversion feature , presented at     fair value                                               98            227       Total current liabilities                            11,131         11,419       LONG-TERM LIABILITIES:     Contingent payment obligation                         1,735          1,669     Long term deferred tax liability, net                   457            352     Other long-term liabilities                             346            388     Liabilities presented at fair value                     525            510     Accrued severance pay                                 3,764          3,467       Total long-term liabilities                           6,827          6,386       SHAREHOLDERS' EQUITY:     Share capital - Ordinary shares of NIS 0.1 par     value -     Authorized: 130,000,000 shares at March 31,     2012 and December 31, 2011 Issued and     outstanding: 41,380,215 shares at March 31,     2012 and 39,951,106 at December 31, 2011              1,184          1,146     Additional paid-in capital                          108,511        107,572     Accumulated other comprehensive loss                   (624)          (690)     Accumulated deficit                                (102,965)      (102,840)       Total shareholders' equity                            6,106          5,188       Total liabilities and shareholders' equity     $     24,064     $   22,993 

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

                                                      3 months ended                                                         March 31,                                                     2012         2011                                                Unaudited    Unaudited       Software licenses                        $     3,563   $    1,587     Maintenance and services                       2,519        1,371                                                      6,082        2,958     Operating expenses:     Cost of revenues                                 636          303     Research and development                       2,037          751     Selling and marketing                          2,282        1,016     General and administrative                       784          548       Total operating expenses                       5,739        2,618       Operating Income                                 343          340       Financial expenses, net                          347          121       Income /(Loss) before income taxes               (4)          219       Taxes on income                                  121           40       Net income / (loss)                      $      (125)  $      179       Basic net income/(loss) per share        $     (0.00)  $     0.01     Weighted average number of shares used     in computing basic net income /( loss)     per share                                     41,093       33,193       Diluted net income/(loss) per share      $     (0.00)  $     0.00     Weighted average number of shares used     in computing diluted net income/(loss)     per share                                     41,093       40,116 

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands

                                                           3 months ended                                                      March 31,       March 31,                                                        2012            2011                                                      Unaudited       Unaudited       Cash from operating activities:     Net Income /( loss)                            $      (125)    $       179     Adjustments required to reconcile net income     ( loss) to net cash provided by operating     activities:       Depreciation                                            48              26     Stock based compensation                               164              68     Amortization of intangible assets                      262             105     Accretion of contingent payment obligation              66               -     Convertible debt inducement expenses                   108               -     Increase (decrease) in accrued severance pay,     net                                                    184              25     Decrease (increase) in trade receivables                38             502     Decrease ( increase) in other accounts     receivable and prepaid expenses                       (180)            (74)     Decrease (increase) in long-term prepaid     expenses                                                 4               7     Increase (decrease) in trade payables                   43              72     Increase (decrease) in deferred revenues               945             762     Increase (decrease) in employees and payroll     accruals                                              (198)            (11)     Increase (decrease) in accrued expenses and     other liabilities                                     (329)             23     Revaluation of restricted cash                          (5)             (5)     Change in liabiliteis presented at fair value           49              56     Change in deferred taxes net                            88               -       Net cash provided by operating activities            1,162           1,735       Cash flows from investing activities:     Purchase of property and equipment                     (78)            (65)       Net cash used in investing activities                  (78)            (65)       Cash flows from financing activities:     Proceeds from exercise of stock options,     warrants and rights                                     74             133     Receipt of long term loan                                -              57     Repayment of long-term debt                            (92)           (264)     Repayment of convertible debt                          (61)            (61)       Net cash used in financing activities                  (79)           (135)       Foreign currency translation adjustments on     cash and cash equivalents                              (41)             15       Increase (decrease) in cash and cash     equivalents                                            964           1,550     Cash and cash equivalents at the beginning of     the period                                           1,484             872       Cash and cash equivalents at the end of the     period                                         $     2,448     $     2,422       Supplemental disclosure of cash flow     activities:     Cash paid during the period for:     Interest                                       $         3     $        26       Income tax                                     $       112     $         2       Non cash activity     Conversion of convertible debt and bifurcated     conversion feature                             $       630               - 

RECONCILIATION OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

U.S. dollars in thousands, except per share data

                                                                3 months ended                                                                   March 31,                                                                 2012         2011                                                            Unaudited    Unaudited          GAAP operating Income                             $       343    $     340        Stock based compensation (1)                              164           68        Amortization of Software Development Costs                 56          105        Acquisition-related expenses, amortization and        adjustments (2)                                           268            -        Non-GAAP operating Income                         $       831    $     513          GAAP net Income (loss)                                   (125)         179        Stock based compensation (1)                              164           68        Amortization of Software Development Costs                 56          105        Acquisition-related expenses, amortization and        adjustments (2)                                           268            -        Revaluation of liabilities presented at fair        value                                                     157           56        Accretion of contingent payment obligation                 66            -        Tax related to the acquisition                            (82)           -        Non-GAAP net Income (Loss)                        $       504    $     408          GAAP diluted net Income (loss) per share:               (0.00)        0.00        Operating expenses GAAP                                  0.01         0.00        Financial expenses                                       0.01         0.00        Taxes on income                                         (0.00)           -          Non-GAAP diluted net Income per share             $      0.01    $    0.01        Weighted average number of shares used in        computing diluted net income per share                 41,093       40,116     (1)Stock-based compensation expenses under ASC 718        included in:        Research and development                                   60           19        Selling and marketing                                      40           19        General and administrative                                 64           30                                                          $       164    $      68       (2)Acquisition-related expenses, amortization and        adjustments:        Valuation adjustment on acquired deferred        services revenue                                           62            -        Cost of Sales - Amortization of technology                140            -        Selling and marketing - Amortization of customers        relationship                                               66            -                                                            $       268    $       -          Total Acquisition-Related Expenses:        Acquisition-related expenses, amortization and        adjustments - Note 2                                      268            -        Accretion of contingent payment obligation                 66            -        Tax related to the acquisition                            (82)           -                                                          $       252    $       - 

For more information, please contact:
Todd Fromer Garth Russell

[email protected] [email protected]

Dror Harel-Elkayam

[email protected]

SOURCE Attunity Ltd

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test