bellwetherreport.com: Bellwether Report is Closely Following Commtouch Software Ltd.
Jan 03, 2006 (M2 PRESSWIRE via COMTEX) --
Today the Bellwether Report has identified Commtouch Software Ltd. (Nasdaq:CTCH), a company that our analysts will be tracking over the ensuing weeks. They recently came out with a significant corporate development this month, causing a positive correction. For a full report on the below mentioned company, and many more, feel free to visit www.bellwetherreport.com for a free 30 day no obligation trial.
Founded in 1991, Commtouch Software has been a leading vendor of email technology, messaging applications, and comprehensive messaging platforms to enterprises, portals, large ISP and Telco organizations. In 1996 the company entered the hosted messaging market, delivering a highly scalable service to over 35 million mailboxes worldwide. Commtouch Software also offers anti-spam solution that filters messages at the customer organization's entry point, before being distributed to recipients, while maintaining enterprises privacy. The company's products are primarily based on recurrent pattern detection technology, which analyzes messages associated with mass email outbreaks and directs the blocking of such emails, without the need to analyze individual messages.
Commtouch also provides solutions for integration with security, content filtering, anti-virus, and other filtering solutions through alliances and strategic partnerships. In addition, it offers a software development kit that enables third-party vendors to integrate its anti-spam solution into their existing offerings, providing them with spam identification and spam classification services. The company offers its secure messaging solutions to small, medium, and large enterprises through resellers and original equipment manufacturers in Israel, the United States, and internationally.
Commtouch has enjoyed a lot of success over the last few years and recently announced its ninth consecutive quarter of revenue growth, during its third quarter of 2005. Revenues for the quarter were more than double those of the same quarter of last year, and grew by 19% in comparison to the prior quarter, from $880,000 for the second quarter to $1,048,000 during the third quarter of 2005. Net loss for the quarter was $354,000 compared to $737,000 in the prior quarter, and $1,833,000 in the comparable quarter last year. Net loss attributable to ordinary and equivalently participating shareholders for the quarter was $797,000, which included non-cash amortization totaling $443,000 relating to the Series A Preferred Share beneficial conversion feature. Revenues for the nine months ended September 30, 2005 and September 30, 2004 were $2,668,000 and $933,000, respectively. Total loss for the nine months ended September 30, 2005 was $2,163,000, compared to $4,639,000 in the comparable period last year. "We again demonstrated that we have great products that are answering the market's needs," stated Gideon Mantel, CEO of Commtouch. "We continued to grow the business while lowering expenses and reducing the company's cash burn. And considering the success we have had during the first nine months of 2005 in signing distribution partners, we look forward with confidence to the challenges of the future." A couple of weeks before Christmas, Commtouch reported that its technology was selected by security service.....
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