Attunity Reports Fourth Quarter 2005 Results
Wednesday January 25, 8:00 am ET Attunity Sets All-Time Q4 Sales Record
BURLINGTON, Mass.--(BUSINESS WIRE)--Jan. 25, 2006--Attunity, Ltd. (NASDAQ: ATTU - News), a leading provider of enterprise information integration software, today reported its financial results for the fourth quarter ended December 31, 2005.
Revenues for the fourth quarter of 2005 were $3,973,000, representing an increase of 16% over revenues of $3,426,000 in the fourth quarter of 2004. Operating loss for the fourth quarter of 2005 was $658,000 compared with an operating loss for the fourth quarter of 2004 of $820,000. Net loss from continued operations for the fourth quarter of 2005 was $1,047,000 or ($0.06) per share compared with net loss from continued operations for the fourth quarter of 2004 of $1,007,000 or ($0.07) per share.
Revenues in fiscal 2005 increased 11% to $15,149,000 from $13,637,000 for the same period in the prior year. Operating loss for 2005 was $2,493,000 compared with an operating loss for 2004 of $3,387,000. Net loss from continued operations in 2005 was $3,500,000 or ($0.21) per share, compared with net loss from continued operations of $3,892,000 or ($0.26) per share in 2004.
"I am extremely pleased with our record-setting quarterly results," stated Aki Ratner, Attunity CEO. "More importantly however, we achieved all our major goals for 2005. First, we released Attunity InFocus, which is a major milestone towards achieving our strategic vision. Secondly, we presided over significant improvements in our overall sales execution. And not the least, we signed a major OEM agreement with one of the world's key software vendors. Clearly we have built solid foundations for the future."
Highlights of the Quarter
License revenue increased 36% over the fourth quarter of 2004 -- Direct license sales growth of over 28% year over year -- Record license sales in USA -- New product - first customer win for Attunity InFocus -- Major customer wins across industry segments, as represented
by: State of New Jersey, Dole, Michelin, LaBarge, Johnson &
Johnson, Barclays and Mercer
Highlights of the Year
Released Attunity InFocus, one of the first Operational Business Intelligence solutions that enables managers to have full control of their daily operations
License revenue increased 15% over 2004 -- Completed a strategic OEM agreement with one of the world's
leading software vendors
Discontinued all non-core business operations
"Moving forward," continued Mr. Ratner, "2006 will be a key transition year for Attunity. The company will move from being primarily a provider of enabling technology, to a reliable source of business solutions that quickly meet critical needs. Together with the foundations laid in 2005, Attunity finds itself in a strong position for 2006."
Attunity Conference Call
The company has scheduled a conference call and simultaneous Webcast on Wednesday, January 25, 2006, at approximately 10 a.m. EST. To participate in the call, U.S. callers can dial 800-291-5365 and international callers can dial +1-617-614-3922 and enter the pass code 15868325 five minutes prior to the start time. The call will be available for replay through the end of February 24, 2006 by dialing 888-286-8010 (in the US) or +1-617-801-6888 (international) and entering the pass code 48252862. 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. http://biz.yahoo.com/bw/060125/20060125005112.html?.v=1