CIMdata PLM Industry Summary Online Archive
15 February 2005
Financial News
Tecnomatix Announces Fourth Quarter and Full Year 2004 Results
Tecnomatix Technologies Ltd . announced its financial results for the fourth quarter and full year ended December 31, 2004.
Revenues for the fourth quarter of 2004 were $27.1 million, compared to $25.2 million for the fourth quarter of 2003. Operating income for the fourth quarter of 2004 was $1.5 million, compared to an operating loss of $4.4 million for the fourth quarter of 2003, which included special charges of $3.4 million associated with impairment of capitalized software development costs, impairment of software asset acquired from third party, restructuring costs and asset impairment, in-process research and development and acquisition-related costs. Net income for the fourth quarter of 2004 was $1.2 million or $0.10 per diluted share, compared to a net loss of $4.4 million or $0.37 per diluted share for the fourth quarter of 2003.
For the full year 2004, revenues were $100.6 million, compared to revenues of $86.3 million for the full year 2003. Operating income for the full year 2004 was $3.1 million, compared to an operating loss of $10.7 million for the full year 2003, which included special charges of $9.3 million associated with impairment of capitalized software development costs, impairment of software asset acquired from third party, restructuring costs and asset impairment, in-process research and development and acquisition-related costs. Net income for the full year 2004 was $2.5 million or $0.20 per diluted share, compared to a net loss of $10.3 million or $0.94 per diluted share for the full year 2003.
As of December 31, 2004, the Company had $39.2 million of cash and cash equivalents, short-term investments and long-term investments, compared to $38.7 million as of September 30, 2004.
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