Notify Technologies (fka NTFY)

[Dream]

.026 x .037 This one looks interesting down here...

The number of shares outstanding of Registrant’s common stock, $0.001 par value at December 15, 2005 was 13,968,995 shares

Float approx. 10M

No dilution for at least a year.

Website: http://www.notifycorp.com/

Partners: http://www.notifycorp.com/partners/index.htm

Notify Technology Reports Results for the Fiscal Year Ended September 30, 2005
TUESDAY, DECEMBER 06, 2005 8:31 AM
- PR Newswire


SAN JOSE, Calif., Dec 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Notify Technology Corporation (NTFY) today announced financial results for its fiscal year ended September 30, 2005.

The Company's net loss for the twelve month period ended September 30, 2005, was $557,452, or a net loss per share of $0.04, compared to a net loss of $655,908, or a net loss per share of $0.10, reported for fiscal 2004.

The $5,018,464 of revenue reported in fiscal 2005 compares to $3,528,099 of revenue in fiscal 2004. The gross margin for fiscal 2005 was 74.4% compared to 80.5% in fiscal 2004 due to product mix.

The Company's NotifyLink wireless product line revenue improved to $2,104,745 for the fiscal year ended September 30, 2005 from $1,004,047 for the fiscal year ended September 30, 2004. The service portion of the Visual Got Mail Solution product line was $1,377,269 in fiscal 2005 compared to $1,665,727 in fiscal 2004. The level of Visual Got Mail service revenue is expected to decrease in future periods as the installed base the Visual Got Mail product services declines due to our customer's discontinued marketing of the service.

Product revenue of $1,417,010 for the year was the result of deferred revenue in connection with customer inventory being held for fulfillment. The customer disposed of the inventory thereby eliminating the fulfillment requirement and allowing the revenue to be recognized. The corresponding impact on gross margins was a favorable $231,782.

The increase in the wireless revenue is the result of increased sales and marketing efforts. The Company's sales and marketing expense, which is primarily made up of the Company's sales and technical support organization, increased to $1,702,454 for fiscal 2005 from $957,493 in fiscal 2004. The Company expanded its direct sales force and customer service organization in fiscal 2005 to increase sales and service a growing installed base of customers.

The Company continues to focus its product development, marketing and sales on its NotifyLink wireless products. Although it continues to have a strong presence in the GroupWise market, the Company has recently released new versions of its NotifyLink Enterprise Edition to provide wireless synchronization for email, calendar, contacts, and tasks for a variety of IMAP4 email systems including the Sun Java Communications Suite, the Oracle Collaboration Suite, the Mirapoint Messaging System, the Scalix Messaging Platform, and the Communigate Pro Messaging System.

"For the past three years we have been primarily focused on the Novell GroupWise marketplace which has provided us with the opportunity to establish Notify as a leading provider of wireless solutions in the GroupWise market," said Paul DePond, Chief Executive Officer. "We have also developed a family of products targeted at the IMAP4 market segment that are jointly marketed with several major IMAP4 vendors."

About Notify Technology Corporation

Founded in 1994, Notify Technology Corporation is an innovative software company developing mobility products for organizations of all sizes. Notify's wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.