CIMdata PLM Industry Summary Online Archive
13 August 2013
Financial News
Cimatron Reports Record Second Quarter Revenues of $11.0 million in Q2 2013
Cimatron Limited today announced financial results for the second quarter and first six months of 2013.
Highlights of Cimatron’s results for the second quarter of 2013 include the following:
- Record second quarter revenues of $11.0M
- 89% gross margin and 14% operating margin on a non-GAAP basis-
- $0.13 non-GAAP EPS
- $3.4M increase in net cash, to $7.1M
Commenting on the results, Danny Haran, President and Chief Executive Officer of Cimatron, noted, “We are pleased to report yet another record second quarter in terms of revenues, with solid operating profit of $1.6 million and a strong increase in net cash.”
“A new cooperation agreement with Moldex3D was recently signed, to provide new simulation tools for assessing the efficiency of mold cooling systems. This technology will be part of a new add-on offering planned to be delivered on the next version of CimatronE. While the prime target users for these new tools are mold makers using 3D-printed conformal cooling systems, it is also applicable to traditional cooling channels, significantly expanding the CimatronE target market in the near and medium term.”
“In addition, we continue to invest more in sales and marketing, as well as in R&D. This explains a large portion of the increase in operating expenses in this quarter compared to the second quarter of 2012. We believe such investments are well warranted and will contribute to enhancing sales in the coming quarters and years.” concluded Mr. Haran.
To view an unabridged version of this press release, visit: http://www.cimatron.com/Group/pressreleases.aspx?FolderID=3099&docID=23289&lang=en
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.