1 Olicom Reports Full-Year 2001 Financial Results Copenhagen, Denmark, February 6, 2002 Olicom A/S (OTC Bulletin Board: OLCMF) ( Olicom or the Company ) today reported financial results for the fiscal year ended December 31, Key highlights of the year include: For 2001, Olicom s net result was a loss of DKK 10.4 million ($1.2 million). The result exclusive of the loss from affiliated companies was a profit of DKK 32.7 million ($3.9 million) which compares to the earlier announced expectation of a loss of approximately DKK 5 million ($0.6 million). The positive deviation is primarily caused by the recognition of the earlier announced claim for refund of customs duty in the amount of DKK 29 million ($3.4 million). The result from affiliated companies, which comprises Olicom s share in the operating result, amortization of goodwill and write-downs, amounted to a loss of DKK 43 million ($5 million). Shareholders' equity at year-end was DKK 228 million ($27 million) corresponding to DKK ($1.56) per share outstanding by the end of Olicom s cash position by the end of 2001 amounted to DKK 170 million ($20 million). The outstanding booked customs duty refund of DKK 21 million ($2.5 million) is expected to be received during the first quarter of Olicom s existing portfolio companies are still primarily in the establishment phase and are in total expected to record a negative result in In the Company s opinion two or three portfolio investments may be exited in late As a matter of caution, however, such possible profits are not included in the expected result for On the basis of these assumptions, the Company therefore expects to report a net loss in the range of DKK 60 million ($7 million) for This is a consequence of the Company s accounting policies, according to which the result is affected negatively by Olicom s share in the affiliated companies operating result and amortization of goodwill.
2 SELECTED FINANCIAL DATA During 2000, the Company s business activities underwent significant change. Comparison figures for 1997 to 1999 cannot be adjusted to present a comparable view of the Company s present activities and therefore have been omitted. Key Figures (in thousands except per share amounts): DKK DKK USD*) CONSOLIDATED STATEMENTS OF INCOME Income (loss) from affiliated companies (3,635) (43,025) ($5,116) Administrative expenses 24,569 17,249 2,051 Income (loss) from primary operations (28,204) (60,274) (7,167) Other operating income Other operating expenses Foreign currency gains (losses) 20, Other financial items, etc. 5,817 6, Income (loss) before income tax (2,278) (53,339) (6,343) Income tax of net income Income of discontinued business operations 82,735 42,972 5,110 Net income (loss) 80,457 (10,367) (1,233) BALANCE SHEET DATA Working capital 221, ,410 21,572 Total assets 307, ,598 32,178 Total shareholders equity at end of year 242, ,047 27,118 KEY FIGURES Book value per share at end of year Return on equity (%) 39.2 (5.2) (5.2) Earnings (loss) per share 4.54 (0.60) (0.07) Weighted average shares outstanding 17,726 17,294 17,294 Number of employees at end of year The key figures have been prepared in accordance with the Association of Danish Financial Analysts Recommendations and Key Figures 1997 (Den Danske Finansanalytikerforenings Anbefalinger og Nøgletal 1997 ) on the basis of the Olicom Group s accounting policies. *) For convenience amounts in DKK have been translated to US$ applying the year-end rate of DKK per US$ This translation should not be construed to imply that the DKK amounts actually represent, or have been or could have been converted to, US dollars.
3 Olicom A/S in 2001 In the second half of 1999, Olicom sold its main activities in three transactions with Madge Networks N.V., Intel Corporation and Motorola, Inc., respectively. On May 15, 2000, the Board of Directors announced a new strategic direction for the Company. Going forward, Olicom's business plan will be to initiate or participate in the development of new products and services, which leverage leading edge technology. Business opportunities would be identified both through the Company's internal research and through the solicitation of ventures with start-up companies, which will be offered seed and venture financing and access to the Company's established business network and infrastructure. In addition to its listing on the Copenhagen Stock Exchange, Olicom s common shares are quoted on the NASD s OTC Bulletin Board under the trading symbol OLCMF. In accordance with its new strategy, the Company made 5 investments in 2000, while an additional 6 investments were made in Investment in portfolio companies At year-end, the Company s portfolio consisted of investments in 10 companies. Sifira A/S At the end of 2001, Olicom had invested DKK 11.8 million ($1.4 million) in Sifira A/S and had a 50% holding. During 2001, Sifira completed developing a number of "unified messaging" products, which are offered to telephone companies. Sifira has so far entered into contracts with two companies. The company has a personnel headcount of 17 employees. Vizion Factory e-learning A/S In 2000, Olicom invested DKK 5.0 million ($0.6 million) in Vizion Factory e-learning A/S and has a 4.8% holding. Vizion Factory e-learning produces customized e-learning programs and is also offering standard educational programs regarding PC software. In the first half of 2001, the company experienced disappointing sales, but the second half showed a more positive development, especially with regard to customized solutions to larger enterprises and organizations. The company has a personnel headcount of 26 employees. Transynergy A/S Together with Vizion Factory e-learning, Olicom has formed the company Transynergy A/S (former Vizion Factory m-devices A/S). Olicom's investment in Transynergy amounts to 5.2 million ($0.6 million) and its shareholding is 50%. Transynergy develops a software platform primarily for the use of Business-to-Employee solutions on handheld computers. The target group for the final product will include companies in need of providing complex data (such as service manuals, etc.) to traveling employees. The company has a personnel headcount of 14 employees.
4 GoPinocchio ApS Olicom has invested DKK 3.6 million ($0.4 million) in GoPinocchio ApS and has thereby acquired a 28.2% holding in the company. GoPinocchio is a system integration company within mobile solutions. GoPinocchio specializes in providing mobile solutions, which optimize the corporate clients services to customers and employees. In addition to its consulting services, GoPinocchio offers a number of products to selected industries in the international market for mobile solutions. The company has a personnel headcount of 13 employees. Interactive Television Entertainment ApS Olicom has invested DKK 10 million ($1.2 million) in Interactive Television Entertainment ApS ( ITE ) and has a 50% holding in the company. ITE is especially known for its Hugo game character, which today is present in more than 30 geographical markets where ITE s world-leading interactive TV concept supports the sale of its games to PC, Sony Playstation, Nintendo Gameboy, Set Top Boxes based on the Open TV standard and Internet portals. ITE is one of few companies that possess the know-how and technology for developing multi-platform games and ITE expects to be able to capitalize on this advantage by forging strategic partnerships with other game vendors who are focused on a single platform. The company has a personnel headcount of 60 employees. Hymite ApS Olicom s investment in Hymite ApS amounts to DKK 9.0 million ($1.1 million) and its shareholding is 16.9%. Hymite will provide complete solutions for manufacturing and packaging optical modules deployed within the high growth telecommunications market. Hymite s concept for multifunctional optical modules will provide drastic cost savings compared to existing state-of-the-art technologies where components are deployed separately. Hymite has several patents pending on the basis of its technology. The company has a personnel headcount of 19 employees. LH Comlog A/S Olicom has invested DKK 6.3 million ($0.7 million) in LH Comlog A/S and owns a 14,5% holding in the company. Comlog is a wireless technology company that develops and markets fleet management systems. Comlog has developed fleet management software and a range of wireless data terminals based on Global System for Mobile Communications (GSM) and the Global Positioning System (GPS). While GSM lets a terminal communicate with a host computer from anywhere in Europe and most of the world, the GPS technology enables the terminal to determine its own position with an accuracy of a few meters. The company has a personnel headcount of 23 employees. Scalado AB Olicom has invested DKK 6.4 million ($0.8 million) in the Swedish company Scalado AB in return for 22.2% of the shares in the company. Scalado, which is located in Lund, Sweden, has developed patent pending solutions for rendering and transferring digital image information independent of communication technology. Scalado s Image Zoom software minimizes the amount of data sent from a web server when a visitor views an
5 image and provides unique zooming functionality. Both image presentations on the Internet and within the emerging market for mobile data communication will benefit from the minimization of bandwidth. The company has a personnel headcount of 16 employees. Mobite A/S Olicom s investment in Mobite A/S amounts to DKK 8.2 million ($1 million) and its shareholding is 17.2%. Mobite s enterprise software platform, TIMEngine, is a service automation solution targeted at larger enterprises within the service industry. TIMEngine facilitates the optimisation of service resource utilization and improved cost efficiency of service facilities. TIMEngine has been developed in cooperation with Mobite s American partner Xtime Inc., which is a significant shareholder in Mobite. Mobite is the exclusive vendor of TIMEngine in Europe. The company has a personnel headcount of 17 employees. Decuma AB Olicom has invested DKK 5.0 million ($0.6 million) in the Swedish company Decuma AB in return for 8.5% of the shares in the company. Decuma, which is located in Lund, Sweden, develops and markets handwriting recognition software for handheld devices like mobile phones, PDAs, PC Tablets and Digital Pens. Decuma s first customers are Japanese PDA manufacturer Casio and the Swedish Digital Pen manufacturer Anoto. Decuma s patented Geometrical Invariant Technology (GIT) ads several advantages compared to traditional methods for handwriting recognition, including higher precision in recognizing characters and recognition of rotated, angled and shaky writing. The company has a personnel headcount of 23 employees. Danacell A/S At the end of 2001, Olicom entered into an agreement to invest in Danacell A/S. The investment closed at the beginning of Danacell has developed and patented a new type of polymer-membrane electrolyte for use in rechargeable lithium polymer and lithium ion batteries. The advantages of the membrane are expected to be a substantially increased energy density as well as a substantially increased peak current. Danacell s immediate plan is to complete development of the Lithium polymer technology and license it to battery manufacturers. It is expected that the underlying principles for Danacell s patented polymer technology can be used to develop polymers that increase the efficiency of fuel cells. Juize A/S Olicom s first portfolio company Juize A/S was sold to the English public company RTS NetWorks PLC ( RTSe ) in July The consideration received by Olicom consisted of shares in RTSe, and as part of the agreement Olicom further subscribed for additional new shares in RTSe. Subsequently, RTSe experienced considerable financial difficulties; as a result, Olicom determined to write off its shareholding in RTSe.
6 Divested and discontinued business operations In 2001, Olicom continued to fulfill the obligations the Company assumed in connection with transactions implemented in 1999 with respect to the divestiture of certain business activities ( the 1999 Transactions ) as well as other agreements relating to discontinued business operations. The Company's restructuring has generally been completed with lower costs than expected when the Company announced its 2000 full year results. Accordingly, part of the provisions with respect to the 1999 Transactions and subsequent restructuring has been reversed. Some activities in connection with the restructuring are still outstanding. These are primarily relating to the final winding up of foreign subsidiaries and leases, the fulfilment of various warranty and service obligations and unsettled employee matters. Olicom has accrued provisions to cover the currently expected costs in this regard. Olicom s discontinued production of equipment used in local area networks was undertaken by contract manufacturers in Thailand, from which the equipment was imported to Denmark. For this import, the Company paid customs duty in accordance with the rating specified by Danish customs authorities. In 2001, the EU Court of Justice rendered a judgment that directed that a lower rate of customs duty be utilized with respect to the importation of the abovementioned equipment than the one applied by Olicom from 1996 to In this connection, Olicom made a demand for a refund of excess customs duties paid from 1996 to On the basis of the available information from the customs authorities, the Company has recorded DKK 29 million ($3.4 million) as income in the Financial Statements for 2001, representing the expected refund with the addition of interest till year-end. DKK 7.8 million ($0.9 million) of this amount was received at the end of Also at year-end, Olicom received DKK 3 million ($0.4 million) from the refund of VAT relating to the Company s canteen. Results For 2001, Olicom s net result was a loss of DKK 10.4 million ($1.2 million). The result exclusive of the result from affiliated companies was a profit of DKK 32.7 million ($3.9 million) which compares to the earlier announced expectation of a loss of approximately DKK 5 million ($0.6 million). This positive deviation is primarily caused by the recognition of the earlier announced claim for refund of customs duty in the amount of DKK 29 million ($3.4 million). The result from affiliated companies, which comprises Olicom s share in the operating result, amortization of goodwill and write-downs, amounted to a loss of DKK 43 million ($5 million). Financial income and tax Financial income. Financial net income amounted to DKK 7 million ($0.8 million) in 2001 compared to a net income of DKK 26 million ($3 million) in 2000.
7 The Group had an interest net income of DKK 7 million ($0.8 million) in 2001 compared to DKK 6 million ($0.7 million) the year before. In 2001, the Group had a net gain of DKK 0.1 million relating to foreign currency contracts and exchange rate adjustments of monetary assets in US dollars. Income taxes. The result for 2001 is not taxable, due to loss carryforwards. Cash Flow The Group s total cash position by the end of the year amounted to DKK 170 million ($20 million). During 2001, Olicom had a negative cash flow of DKK 19 million ($2.2 million) from operating activities (including discontinued operations). Investments in portfolio companies amounted to DKK 64 million ($7.6 million). The Company used DKK 2.7 million ($0.3 million) for the purchase of treasury shares. Shareholders equity Shareholders' equity at year-end was DKK 228 million ($27 million) corresponding to 84% of total assets of DKK 271 million ($32 million). By year-end 2000, the shareholders equity was DKK 242 million ($29 million). Cash and Cash Equivalents At the end of 2001, cash and cash equivalents amounted to DKK 170 million ($20 million) corresponding to 62% of total assets. The outstanding booked customs duty refund of DKK 21 million ($2.5 million) is expected to be received during the first quarter of Developments in 2002 Since the end of the financial year, no material matters have occurred with respect to the Company. Expectations for 2002 With a present portfolio of 11 companies, Olicom expects its efforts to be concentrated on the continued development of its portfolio companies. As a result, the Company s new investments in 2002 are expected to be less than in Olicom therefore expects to be making 2 to 4 investments in new portfolio companies in These investments and additional investments in existing portfolio companies are expected to be in the range of DKK 75 million ($9 million) in total. Olicom s existing portfolio companies are still primarily in the establishment phase and are in total expected to record a negative result in In the Company s opinion two or three investments may be exited in late As a matter of caution, however, such possible profits are not included in the expected result for On the basis of these assumptions, the Company expects to report a net loss in the range of DKK 60 million ($7 million) for This loss will primarily stem from Olicom s share in the affiliated companies operating result and amortization of goodwill.
8 Dividends It is proposed that no dividends are paid for Financial Statements The Company s printed financial statements are expected to be available on February 21, The present announcement and the complete financial statements will be available on Olicom s web site Annual General Meeting Olicom s Annual General Meeting will be held at the Radisson SAS Falconer Center, Falkoner allé 9, 2000 Frederiksberg, Denmark on Thursday, March 21, 2002 at 3.00 p.m. Attachments The Group Income Statement and Balance Sheets are enclosed as attachments. Lyngby, February 6, 2002 The Board of Directors Contact Information: Boje Rinhart, CEO Olicom A/S About Olicom A/S Olicom initiates or participates in the development of new products and services that leverage leading-edge communications technologies, primarily with a focus on mobile data communication. Business opportunities are identified both through Olicom's internal research and through the solicitation of ventures with start-up companies, which are offered seed and venture financing and access to the Company's established business network and infrastructure. More information about Olicom is available from the Company s SEC filings or by contacting the Company directly. Information is also available on the Company s Web site at Olicom is a registered trademark. Except for historical information contained herein, the matters discussed in this news release may contain forwardlooking statements that reflect the Company s current expectations and projections about its future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause its actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Among the risks, uncertainties and other factors that could cause results to differ are uncertain market conditions, the successful implementation of the Company s new strategic direction; the Company s need to continue to identify and acquire interests in suitable portfolio companies; intense competition among capital providers to acquire interests in technology companies; the dependence of the Company on the financial and operating success of the enterprises in which it invests or participates; and existing and future regulations affecting the Company s business, the businesses of its portfolio companies or technology generally. Further information may be found in Olicom s periodic filings with the U.S. Securities and Exchange Commission (SEC), including the most recent reports on Form 20-F and 6-K, which identify important risk factors related to the Company s business that could cause actual results, performance, prospects or opportunities to materially differ from those contained in the forward-looking statements.
9 OLICOM A/S Condensed Consolidated Statements of Income Twelve months Ended December 31, (In thousands DKK) (Audited) Convenience translation USD (Unaudited) Income/(loss) from affiliated company (3,635) (43,025) ($5,116) Net sales 74, Cost of sales 45, Special charges related to inventories (20,967) 0 0 Gross profit 45,513 (43,025) (5,116) Operating expenses Sales and marketing 3, Research and development General and administrative 35,617 17,235 2,049 Restructuring charges 1,214 (36,962) (4,395) Total operating expenses 40,560 (19,727) (2,346) Income/(loss) from operations before interest and income taxes 4,953 (23,298) (2,770) Income from sale of activities 54,168 4, Interest income and other, net 28,545 6, Income/(loss) before income taxes 87,666 (11,553) (1,373) Income taxes 7,209 (1,186) (141) Income/(loss) before minority interests in income of consolidated subsidiary 80,457 (10,367) (1,232) Net income/(loss) 80,457 (10,367) (1,232) Basic earnings/(loss) per share, basic and diluted 4.54 (0.60) (0.07) Weighted average shares outstanding including common stock equivalents 17,726 17,294 17,294 The balance sheet and statements of income include a convenience translation for t he most recent reporting period by applying the quarter-end rate of DKK 8,4095 per US$ This translation should not be construed to imply that the DKK amounts actually represent, or have been or could have been converted to, U.S. dollars.
10 OLICOM A/S Condensed Consolidated Balance Sheets ASSETS December 31 December 31 December (In thousands) Convenience translation DKK DKK USD (Audited) (Audited) (Unaudited) Current assets: Cash and cash equivalents 213, ,288 $17,633 Restricted cash 64,049 21,679 2,578 Accounts receivable 2, Prepaid expenses and other current assets 5,784 53,356 6,345 Total current assets 286, ,961 26,632 Long-term assets 0 3, Investments, property and equipment, net Investments in affiliated companies 20,681 41,991 4,994 Total assets 307, ,598 32,178 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities 65,171 42,551 $5,060 Total current liabilities 65,171 42,551 5,060 Shareholders' equity 242, ,047 27,118 Total liabilities and shareholders' equity 307, ,598 32,178 The balance sheet and statements of income include a convenience translation for t he most recent reporting period by applying the quarter-end rate of DKK 8,4095 per US$ This translation should not be construed to imply that the DKK amounts actually represent, or have been or could have been converted to, U.S. dollars.
Olicom Reports Third Quarter 2001 Results Copenhagen, Denmark, November 12, 2001 - Olicom A/S (OTC Bulletin Board: OLCMF) ( Olicom or the Company ) today announced a net loss of 15.9 million Danish kroner
Olicom Reports First Half 2001 Results Copenhagen, Denmark, August 22, 2001 - Olicom A/S (OTC Bulletin Board: OLCMF) ( Olicom or the Company ) today announced a net loss for the first six months of 2001
Olicom Reports Third Quarter 2002 Results Copenhagen, Denmark, October 23, 2002 - Olicom A/S (OTC Bulletin Board: OLCMF) ( Olicom or the Company ) today announced a net loss for the quarter of 6.9 million
Contact: James M. Powers, Jr. President and Chief Executive Officer (602) 952-1200 James L. Dunn, Jr. Senior Vice President and Chief Financial Officer (602) 952-1200 ilinc COMMUNICATIONS ANNOUNCES FISCAL
Carbonite Reports Record Revenue for Second Quarter of 2014 BOSTON, MA July 29, 2014 - Carbonite, Inc. (NASDAQ: CARB), a leading provider of hybrid backup and recovery solutions for businesses, today announced
DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly Consolidated
Aastra Technologies Limited First Quarter ended March 31, 2003 AASTRA TECHNOLOGIES LIMITED MESSAGE TO OUR SHAREHOLDERS First Quarter ended March 31, 2003 To our Shareholders: Aastra Technologies Limited
Consolidated Financial Report 2009 Fiscal year ended March 31, 2009 Management's Discussion and Analysis Forward-looking statements in this document represent the best judgment of the Kagome Group as of
FOR IMMEDIATE RELEASE April 2, 2009 RESEARCH IN MOTION REPORTS FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 2009 Waterloo, Ontario Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,
Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2016 [Japanese Standards] (Consolidated) August 4, 2015 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the Tokyo Stock
NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,
Consolidated Financial Review for the First Quarter Ended August 9, 2004 Company Name: Head Office: Tokyo, Japan URL: Stock exchange listing: Tokyo Stock Exchange 1ST Section Code number: 6481 Representative:
Consolidated Financial Review for the Second Quarter Ended September 30, 2014 TOKYO ELECTRON Oct 29, 2014 Company name: Tokyo Electron Limited URL: http://www.tel.com Telephone number: (03) 5561-7000 Stock
Company Shipped $10 Million of Neonode N2 Mobile Phones STOCKHOLM, SWEDEN, March 10, 2007 Neonode (NASDAQ: NEON), the Swedish mobile communication company that develops touch screen technologies and designs
For Immediate Distribution RR Media Reports Record Full-Year Revenues of $131.2 Million for 2014; Up 8% vs. 2013 Company Sees Continued Sequential Improvement in Gross and Operating Margins; Guidance for
Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CONTACTS: Mark Henninger Amy Kircos Investor Relations Media Relations 408-653-9944 480-552-8803 email@example.com firstname.lastname@example.org
FOR IMMEDIATE RELEASE For media inquiries, contact: Eric Armstrong, Citrix Systems, Inc. (954) 267-2977 or email@example.com For investor inquiries, contact: Eduardo Fleites, Citrix Systems, Inc.
Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number
Strength in Microsoft Cloud Highlights Q3 Results Increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live contributes to Q3 growth REDMOND, Wash. April 23, 2015 Microsoft Corp. today announced
Sierra Wireless Reports Second Quarter 2015 Results Q2 2015 revenue of $158 million; 17% year-over-year growth Record revenue of $158.0 million, an increase of 17.0% compared to Q2 2014 Non-GAAP earnings
FOR IMMEDIATE RELEASE For media inquiries, contact: Eric Armstrong, Citrix Systems, Inc. (954) 267-2977 or firstname.lastname@example.org For investor inquiries, contact: Eduardo Fleites, Citrix Systems, Inc.
(Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012 Company Name: The Dai-ichi Life Insurance Company, Limited Stock exchange
Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,
Amphenol News Release World Headquarters 358 Hall Avenue P. O. Box 5030 Wallingford, CT 06492-7530 Telephone (203) 265-8900 FOR IMMEDIATE RELEASE For Further Information: Craig A. Lampo Senior Vice President
Consolidated Financial Results April 1, 2001 - June 30, 2001 August 3, 2001 In preparing its consolidated financial information, ORIX Corporation and its subsidiaries have complied with accounting principles
FOR IMMEDIATE RELEASE March 31, 2010 RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2010 Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
FOR RELEASE: NEW HARTFORD, NY, November 2, 2011 CONTACT: Christopher R. Byrnes (315) 738-0600 ext. 226 email@example.com, www.partech.com PAR TECHNOLOGY CORPORATION ANNOUNCES 2011 THIRD QUARTER RESULTS
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014
CONSOLIDATED OPERATING RESULTS (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) TABLE 1 Quarter Ended March 31, Percent Change Net Sales $ 5,854 $ 5,919 1% Costs and expenses: Cost of sales 3,548 3,583
IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2014: o Diluted EPS from continuing operations: - GAAP: $5.54, down 4 percent; - Operating (non-gaap): $5.81, down 6 percent; o Pre-tax
Summary Fields Corporation Summary of Financial Information and Business Results (Consolidated) for the Nine Months Ended (Japan GAAP) (Year Ending March 31, 2014) (Translation) Company Name: Fields Corporation
AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE Revenue in First Half of Fiscal 2016 Improves 14% to $57.1 Million,
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
May 8, 2014 Asta Funding, Inc. Announces Financial Results for Second Quarter and First Six Months of Fiscal 2014 Net Income of $3.8 million, or $0.29 Per Diluted Share for Six Months. An Improvement of
Interim Condensed Consolidated Financial Statements TEXADA SOFTWARE INC. For the three months ended March 31, 2012 and 2011 (Unaudited) MANAGEMENT S COMMENTS ON UNAUDITED INTERIM CONSOLIDATED FINANCIAL
FOR IMMEDIATE RELEASE Contacts: Jeff Young Tom Barth Media Relations Investor Relations Akamai Technologies Akamai Technologies 617-444-3913 617-274-7130 firstname.lastname@example.org email@example.com AKAMAI REPORTS
Interim Consolidated Financial Statements For the period ended June 29, 2014 (Unaudited) (Condensed) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars unaudited) June
Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended Interim Consolidated Statements of Financial Position (Unaudited - In thousands of Canadian dollars) 2015 As at December 31,
PRESS RELEASE February 4, 2016 SIMPSON MANUFACTURING CO., INC. ANNOUNCES FOURTH QUARTER RESULTS Pleasanton, CA - Simpson Manufacturing Co., Inc. (the Company ) (NYSE: SSD) today announced its fourth quarter
FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer
May 11, 2015 Numerex Reports First Quarter 2015 Financial Results ATLANTA, May 11, 2015 (GLOBE NEWSWIRE) -- Numerex Corp (Nasdaq:NMRX), a leading provider of on-demand and interactive machine-to-machine
Enclosed is a press release announcing the 2015 second quarter results for: A conference call to discuss these results is scheduled for tomorrow, Wednesday, August 5, 2015, at 11:00 a.m. (Eastern Time)
Monex Group, Inc. Consolidated Financial Summary under Japanese GAAP for the third quarter of the fiscal year ending March 31, 2009 (April 1, 2008-December 31, 2008) This is an English translation of Japanese
Attention Business/Financial Editors: Evertz Technologies reports Record Revenue of 101 million for the Second Quarter Fiscal 2016. Burlington, December 2, 2015, Evertz Technologies Limited (TSX:ET), the
Condensed Consolidated Interim Financial Statements of Three and six months ended, 2016 (Unaudited in U.S. dollars) 1 Condensed Consolidated Interim Balance Sheets (Amounts in thousands of U.S. Dollars)
For more information, contact: Katharine Boyce Acxiom Investor Relations 501-342-1321 firstname.lastname@example.org EACXM ACXIOM ANNOUNCES FIRST QUARTER RESULTS Audience Operating System to Launch September
Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results
For Immediate Release May 12, 2014 Pioneer Announces Business Results for Fiscal 2014 Pioneer Corporation today announced its consolidated business results for fiscal 2014, the year ended March 31, 2014.
Attention Business/Financial Editors: Evertz Technologies reports record Revenue in Fiscal 2016. Burlington, June 8, 2016, Evertz Technologies Limited (TSX:ET), the leader in Software Defined Video Network
FOR IMMEDIATE RELEASE September 16, RESEARCH IN MOTION REPORTS SECOND QUARTER RESULTS Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications
CONSOLIDATED FINANCIAL HIGHLIGHTS Nintendo Co., Ltd. 111 Kamitoba Hokotatecho, Minamiku, Kyoto 6018501 Japan October 29, 2009 Consolidated Results for the Six Months Ended September 2008 and 2009 (1) Consolidated
W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating
MANAGEMENT S DISCUSSION AND ANALYSIS For the three months ended March 31, 2010 Dated May 21, 2010 Management's Discussion and Analysis ( MD&A ) is intended to help shareholders, analysts and other readers
Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) *Date of approval for the financial results for the half year ended September 30, 2000, at the Board of Directors'
Birner Dental Management Services, Inc. 1777 S. Harrison Street, Suite 1400 Denver, CO 80210 303-691-0680 Exhibit No. 99.1 FOR IMMEDIATE RELEASE May 13, 2015 BIRNER DENTAL MANAGEMENT SERVICES, INC. ANNOUNCES
CONSOLIDATED FINANCIAL STATEMENTS Nintendo Co., Ltd. 111 Kamitoba hokotatecho, Minamiku, Kyoto 6018501 Japan April 24, 2013 Consolidated Results for the Years Ended March 31, 2012 and 2013 (1) Consolidated
Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results
For Immediate Release Internet Initiative Japan Inc. E-mail: email@example.com Tel: +81-3-5259-6500 URL: http://www.iij.ad.jp/en/ir IIJ Announces First Six Months Financial Results for the Fiscal Year Ending
Zayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016 Third Fiscal Quarter 2016 Financial Highlights $478.0 million of consolidated revenue, including $96.1
The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record
NEWS RELEASE Contact: Matt Barton, President and CEO, firstname.lastname@example.org, (215) 997-1800. Visit our website at www.dormanproducts.com Dorman Products, Inc. Reports Sales and Earnings For the Fourth
Management Discussion and Analysis For The 9 Months Ended, June 30 2015 The following discussion and analysis as of August 31, 2015 should be read in conjunction with the consolidated financial statements
Monex Group, Inc. Consolidated Financial Summary under IFRS for the fiscal year 2015 (April 1, 2014 - March 31, 2015) This is an English translation of Japanese report of the consolidated financial summary
CONSOLIDATED FINANCIAL HIGHLIGHTS January 28, 2015 Nintendo Co., Ltd. 111 Hokotatecho, Kamitoba, Minamiku, Kyoto 6018501 Consolidated Results for the Nine Months Ended December 2013 and 2014 (1) Consolidated
For Immediate Release Internet Initiative Japan Inc. E-mail: email@example.com Tel: +81-3-5259-6500 URL: http://www.iij.ad.jp/en/ir IIJ Announces Full Year and Fourth Quarter Financial Results for the Fiscal
FOR IMMEDIATE RELEASE ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE For the Year, Revenues Rise 11%, 6% Organic; EPS from Continuing Operations up 6% (excluding certain
The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued
February 7, 2006 FEI Company Reports Results for Fourth Quarter of 2005 Click Here for a printable version of the financial tables. Company Restructuring Substantially Complete Improved Revenue and Earnings
WuXi PharmaTech Announces Second-Quarter 2014 Results SHANGHAI, August 13, 2014 /Xinhua-PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading research and development services company serving