CIMdata PLM Industry Summary Online Archive

14 February 2008

Financial News

Enterprise Informatics Announces First Quarter 2008 Results

Highlights:

  • Revenues up 25% vs. year ago quarter
  • License revenues up 64% vs. year ago quarter

Enterprise Informatics Inc. reported results of operations for its first quarter of fiscal 2008 ended December 31, 2007.

Revenues for the first quarter of FY2008 were $2.17 million versus $1.73 million in the same period a year ago. License revenue increased 64% to $640,000 for the first quarter of FY2008 from $390,000 a year ago. Earnings before interest, taxes, depreciation and amortization excluding stock compensation (“EBITDA”) for the first quarter of FY2008 were a loss of ($154,000), or ($0.00) per share, compared with income of $100,000, or $0.00 per share, for the same quarter a year ago.

Net loss available to common shareholders was ($382,000) or ($0.01) per share for the first quarter of FY 2008 after cumulative preferred dividends of $66,000 versus a net loss was ($117,000), or ($0.00) per share in the prior year after cumulative preferred dividends of $66,000. The loss for the quarter includes expense of $536,000 for retention bonuses in connection with Spescom Ltd’s sale in October 2007 of its majority interest in the Company to ERP2 Holdings, LLC.

“The 64% increase in license revenues for the quarter is confirmation that our customers see the value proposition we are offering to the market” stated Alan Kiraly, Chief Executive Officer. “In addition, the recently announced addition of Dominic O’Riley as Executive Vice President Worldwide Sales is in line with our plan to continue to expand our sales and partner infrastructure in an effort to accelerate our growth.”

Tables are available at http://www.enterpriseinformatics.com/news/Q1%202008%20Earnings.pdf

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