Replies to post #6 on ClickSoftware Technologies Ltd. (CKSW)

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they're out.

ClickSoftware Technologies Ltd.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)

June 30 December 31
____________________
2007 2006
____________________
ASSETS

CURRENT ASSETS
Cash and cash equivalents $ 11,696 $ 13,385
Short-term investments 7,744 5,918
Trade receivables, net 8,394 6,465
Other receivables and prepaid
expenses 1,100 953
____________________
Total current assets 28,934 26,721
____________________
FIXED ASSETS
Cost 2,563 1,692
Less - accumulated
depreciation 1,141 888
____________________
Total fixed assets 1,422 804
____________________
Long-term investments 770 451
Severance pay deposits 958 996
____________________
Total Assets $ 32,084 $ 28,972
____________________
LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable and accrued
expenses $ 7,487 $ 5,945
Deferred revenues 5,549 5,965
_____________________
Total current liabilities 13,036 11,910
_____________________
LONG TERM LIABILITIES
Accrued severance pay 2,068 2,031
Deferred revenues - Long term 2,351 2,490

Total long-term _____________________
liabilities 4,419 4,521
_____________________
Total liabilities 17,455 16,431
_____________________
SHAREHOLDERS' EQUITY
Ordinary shares of NIS 0.02 par
value 114 113
Additional paid-in capital 72,809 72,205
Deferred Stock
Compensation - (63)
Accumulated deficit (58,251) (59,671)
Treasury stock, at cost:
39,000 shares (43) (43)
Total shareholders' equity 14,629 12,541


Total liability and shareholders' ____________________
equity $ 32,084 $ 28,972
____________________



ClickSoftware Technologies Ltd.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)

Three Months Ended

June 30, 2007 June 30, 2006
____________________ _________________
% of % of
$ Revenues $ Revenues
____________________ _______________
Revenues:
Software license $ 4,436 42% $ 3,272 41%
Services 6,056 58% 4,696 59%
____________________ ________________

Total revenues 10,492 100% 7,968 100%
____________________ ________________
Cost of revenues:
Software license 529 5% 564 7%
Services 3,209 31% 2,444 31%
___________________ ________________

Total cost of revenues 3,738 36% 3,008 38%
____________________ ________________

Gross profit 6,754 64% 4,960 62%
____________________ ________________


Operating expenses:
Research and development
costs, net 1,427 14% 927 11%
Selling and Marketing
expenses 3,408 32% 2,681 34%
General and
administrative expenses 1,235 12% 1,014 13%
____________________ ________________

Total operating expenses 6,070 58% 4,622 58%
____________________ ________________

Income from operations 684 7% 338 4%
Other income - - - -
Interest, net 293 3% 105 2%
________________________________________

Net income before taxes 977 9% 443 6%
Taxes on income 13 - - -
________________________________________

Net income $ 964 9% $ 443 6%
________________________________________
Net income per ordinary share:
Basic $ 0.03 $ 0.02
________________________________________
Diluted $ 0.03 $ 0.02
________________________________________
Shares used in computing basic
Net income per share 28,167,420 27,692,856
______________ ______________
Shares used in computing
diluted Net income per share 29,545,429 27,692,856
______________ ______________


ClickSoftware Technologies Ltd.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)

Six Months Ended

June 30, 2007 June 30, 2006
__________________ __________________
% of % of
$ Revenues $ Revenues
__________________ __________________
Revenues:
Software license $ 8,125 42% $ 5,479 38%
Services 11,425 58% 8,950 62%
__________________ __________________
Total revenues 19,550 100% 14,429 100%

Cost of revenues: __________________ __________________
Software license 1,217 6% 855 6%
Services 6,283 32% 4,730 33%

Total cost of revenues 7,500 38% 5,585 39%
__________________ __________________
Gross profit 12,050 62% 8,844 61%

Operating expenses: __________________ __________________

Research and development
costs, net 2,653 14% 1,928 13%
Selling and Marketing
expenses 6,369 33% 4,999 34%
General and
administrative expenses 2,192 11% 1,838 13%
__________________ __________________

Total operating expenses 11,214 57% 8,765 60%
__________________ __________________

Income from operations 836 4% 79 1%
Other income 188 1% - -
Interest, net 444 2% 203 1%
__________________ __________________
Net income before taxes 1,468 8% 282 2%

Taxes on income 48 - - -
__________________ __________________
Net income $ 1,420 7% $ 282 2%
__________________ __________________
Net income per ordinary share:
Basic $ 0.05 $ 0.01
__________________ __________________

Diluted $ 0.05 $ 0.01
__________________ __________________
Shares used in computing basic
Net income per share 28,106,315 27,669,804
__________________ __________________
Shares used in computing
diluted Net income per share 28,551,294 27,669,804
__________________ __________________


Use of Non-GAAP financial results

In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures that exclude the effects of share-based compensation and the requirements of SFAS No. 123R, "Share-based Payment" ("123R"). The non-GAAP financial measures used by management and disclosed by the Company exclude the income statement effects of all forms of share-based compensation .The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated.

ClickSoftware Technologies Ltd.
SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
(In thousands, except share and per share amounts)

Three Months Ended

June 30, 2007 June 30, 2006
__________________ _________________
% of % of
$ Revenues $ Revenues
__________________ _________________

GAAP Net income: $ 964 9% $ 443 6%
Adjustment of share-based
compensation within:
Cost of Services 23 14
Research and development
costs, net 19 14
Selling and Marketing
expenses 34 15
General and
administrative expenses 78 71
_________________ __________________

Net income excluding share-based
compensation $ 1,118 11% $ 557 7%
_________________ __________________

GAAP Net income per ordinary
share:
Basic $ 0.03 $ 0.02
__________________ __________________
Diluted $ 0.03 $ 0.02
__________________ __________________


Net income per ordinary share
excluding share-based
compensation:
Basic $ 0.04 $ 0.02
__________________ __________________
Diluted $ 0.04 $ 0.02
__________________ __________________



ClickSoftware Technologies Ltd.
SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
(In thousands, except share and per share amounts)

Six Months Ended

June 30, 2007 June 30, 2006
__________________ _______________
% of % of
$ Revenues $ Revenues
__________________ _______________

GAAP Net income: $ 1,420 7% $ 282 2%
Adjustment of share-based
compensation within:
Cost of Services 43 24
Research and development
costs, net 35 25
Selling and Marketing
expenses 63 22
General and
administrative expenses 161 140

Net income excluding share-based __________________ _________________
compensation $ 1,722 9% $ 493 3%
__________________ _________________

GAAP Net income per ordinary
share:
Basic $ 0.05 $ 0.01
__________________ __________________
Diluted $ 0.05 $ 0.01
__________________ __________________
Net income per ordinary share
excluding share-based
compensation:
__________________ __________________
Basic $ 0.06 $ 0.02
__________________ __________________
Diluted $ 0.06 $ 0.02


Contacts:

Shmuel Arvatz
Chief Financial Officer
[phone]
[e-mail]

Adam J. Rosen
[phone]
[e-mail]