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Datawatch Reports Strong Second Quarter Results

CHELMSFORD, Mass. April 26, 2012 Datawatch Corporation report analytics software and services March 31, 2012 $6.55 million $4.45 million $4.27 million $2.55 million $160,000 $0.02 $511,000 ($0.09) $641,000 $0.11 March 31, 2012 $12.82 million $8.63 million $8.48 million $4.66 million $763,000 $0.12 $282,000 ($0.05)

$354,000 $0.05 $1,105,000 $0.17

Michael A. Morrison

He continued, "We achieved a significant milestone in the second quarter with the purchase of the intellectual property underlying the Monarch Report Analytics platform.  This transaction provides us with the financial flexibility to continue to execute on our high growth business strategy.   It also removes the uncertainty around intellectual property ownership as we pursue growth through strategic alliance initiatives.  We are pleased that the core Monarch development team has joined Datawatch to continue the extraordinary innovation that has made Monarch the leading solution to harvest the analytic value that is trapped in reports, business documents and machine data.  As a result of the intellectual property purchase, we will incur non-cash costs related to the amortization of the purchased intellectual property.  While these costs in the second quarter are not material, we have decided to begin reporting non-GAAP net income adjusting for this item as well as for non-cash stock compensation, as we believe that presenting our results on both a GAAP and non-GAAP basis affords our investors optimal transparency into our business."

Second Quarter Business Highlights

  • Datawatch entered into an agreement with Xerox to extend Datawatch’s Report Analytics platform capabilities in support of a multi-year outsourcing arrangement between Xerox and one of the nation’s largest health benefits providers.  The Datawatch solution is being used to archive, manage, share and retrieve millions of explanations of benefits for use by customer service representatives, physicians and patients.    
  • Maine
  • Latin America Latin America
  • KMWorld Magazine

Second Quarter Financial Highlights

  • $7.06 million $9.65 million 12/31/11 $7.75 million $8.54 million $4.0 million $1.5 million $2.0 million
  • Gross margin for the second quarter of 2012 was 79.5%, compared to 80.2% for the first quarter of 2012.  This modest decrease in gross margin was primarily due to a product mix shift to royalty-bearing products.
  • 12/31/11

Murray Fish $123,000 $0.02

Investor Conference Call and Webcast

Thursday, April 26, 2012 4:30 pm ET http://www.investorcalendar.com/IC/CEPage.asp?ID=167968


Chelmsford, Massachusetts London Munich Sydney Manila www.datawatch.com


September 30, 2011 December 31

Investor Contact:

[email protected]

Media Contacts:

Murray Fish

[email protected]

Kelley Lynn Kassa

[email protected]

@datawatch

Use of Non-GAAP Financial Information

To supplement our financial results presented in accordance with Generally Accepted Accounting Principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures that we believe are helpful in understanding our past financial performance and future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand and manage our business and make operating decisions. Our non-GAAP financial measures include adjustments based on the following items, as well as the related income tax effects and adjustments to the valuation allowance:

Amortization of purchased software March 30, 2012

Stock-based compensation expenses

Restructuring:

 

  

   

   

   

   

 

Three Months Ended

Six Months Ended

   

   

2012

2011

2012

2011

   

    

$4,274

$2,552

$ 8,483

$4,662

   

1,861

1,505

3,577

3,042

   

412

397

758

930

            

6,547

4,454

12,818

8,634

   

    

659

587

1,234

1,131

   

684

606

1,352

1,287

   

2,996

1,479

5,797

2,705

   

690

648

1,318

1,283

   

1,213

1,638

2,180

2,515

            

6,242

4,958

11,881

8,921

   

305

(504)

937

(287)

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