Attunity Reports First Quarter 2006 Results
Thursday May 4, 8:00 am ET
Attunity Sets All-time Q1 Sales Record
BURLINGTON, Mass.--(BUSINESS WIRE)--May 4, 2006--Attunity, Ltd. (NASDAQ: ATTU - News), a leading provider of enterprise-class Integration Platforms for real-time and on-demand data integration, today reported its financial results for the first quarter ended March 31, 2006.
Financial Highlights for the First Quarter of 2006:
Revenues: $4,017,000, an increase of 4% compared to $3,859,000 in the first quarter of 2005.
Net Loss - GAAP: $1,033,000, a decrease of 5% compared to $1,085,000 in the first quarter of 2005. Equity based compensation expenses in the amount of $250,000 are being reported for the first time in the first quarter of 2006 GAAP results pursuant to SFAS 123®. This expense was not included in the 2005 results.
Net Loss - Non GAAP: $783,000, a decrease of 28% compared to $1,085,000 in the first quarter of 2005. Non-GAAP net loss excludes equity based compensation expenses.
Loss per Diluted Share - GAAP: $0.06, compared to $0.07 in the first quarter of 2005. Equity based compensation expenses are included in the first quarter of 2006 GAAP results pursuant to SFAS 123®.
Loss per Diluted Share - Non GAAP: $0.04, compared to $0.07 in the first quarter of 2005. Non-GAAP EPS excludes equity based compensation expenses and acquisition related charges.
"I am pleased with our record-setting quarterly results, especially given the significant company change that we have started this quarter" stated Aki Ratner, Attunity CEO. "Having announced our major new product line, Attunity InFocus, at the end of last quarter, this has been the first quarter of actively selling it, and represents the beginning of the company transition from selling enabling technology to technical people to selling business solutions to business people."
Highlights of the Quarter
Added first strategic financial services customer to Attunity InFocus customer base
License revenue increased 3% over the first quarter of 2005
Company transition started from technology-centric focus to solutions-centric focus
Three Business Intelligent companies chose Attunity AIS for legacy connectivity
Major customer wins across industry segments, as represented by: Sungard, Sprint, Raymond James and State Street Bank.
"In the first full quarter since we introduced Attunity InFocus, we have generated very significant interest and a growing pipe-line," continued Mr. Ratner. "Now having also secured one of our first strategic customers in financial services, and ongoing opportunities in several other sectors, I believe that we are on-track and well positioned to turn that interest into further customer engagements in the quarters ahead."
Attunity Conference Call
The company has scheduled a conference call and simultaneous Webcast on Thursday, May 4, 2006, at 10 a.m. EST. To participate in the call, U.S. callers can dial (866) 543-6403 and international callers can dial +1-617-213-8896 and enter the pass code 47924118 five minutes prior to the start time. The call will be available for replay through the end of May 11, 2006 by dialing 888-286-8010 (in the US) or +1-617-801-6888 (international) and entering the pass code 12762357. This call will also be broadcast live on the Internet. To register and view the Webcast, go to http://www.attunity.com/investors
. An online replay will be available approximately two hours after the call.
Attunity is a leading provider of enterprise-class data integration software - the Attunity Integration Suite (AIS). Using Attunity's products, companies can seamlessly connect to data sources, stream data changes across the enterprise, and federate heterogeneous information to achieve a single view of their business. Employing a unique distributed architecture, Attunity software runs natively on enterprise data servers, turning locked data silos into an efficient Information Grid. The result is significantly enhanced performance and reduced cost of ownership.
Attunity software solutions are used world-wide for Data Warehousing, Operational Data Stores, and a variety of Information Integration initiatives, including service-oriented integration to the mainframe as part of EAI projects, legacy data access for business intelligence and reporting, real-time and efficient ETL based on change data capture, and single customer views from disparate information sources. Also, Attunity is a trusted partner for industry leaders like IBM, Oracle and HP who embed Attunity software into their products and solution offerings.
Attunity also provides an exciting new breed of management application software - Attunity InFocus (AIF) - specifically architected to improve the daily operational actions of executives and business managers. The solution delivers an innovative approach to improving business operations by helping deliver "high-performance management". Quickly and easily adaptable to the way business managers think and work at all levels, it improves they way operational actions are assessed, acted upon and followed up, in-context and in real-time. http://biz.yahoo.com/bw/060504/20060504005463.html?.v=1