hab Dein Posting gerade erst gesehen; ich muss erst mal nachsehen ... In meiner Erinnerung bin ich meiner ersten Position um 2000 herum ziemlich auf die Nase gefallen. Mein Wiedereinstieg lag bei??? Ich schau gleich mal nach; ich liege aber ~ 100% im Plus. Echt peinlich...
Heute gab es aber Quartalszahlen von Versant die echt spitze aussehen!
Anbei auch eine Übersicht zu dem Nachbörslichen Handel; > 10% Plus sollten morgen drin sein!
Versant Announces Record Quarterly Net Income of $1.9 Million
Quarterly revenues grow 37% over last year
FREMONT, Calif., May 29 /PRNewswire-FirstCall/ -- Versant Corporation (Nasdaq: VSNT), an industry leader in specialized data management, today announced its financial results for the second fiscal quarter ended April 30, 2007.
For the quarter, Versant reported revenues of $5.2 million from its continuing operations, compared to $3.8 million for the comparable period last year, representing an increase of approximately 37%. License revenues increased 88% from $1.7 million in the second quarter of 2006 to $3.3 million in the second quarter of 2007.
Net income for the quarter was $1.9 million and diluted net income per share was $0.52, compared to net income of $1.2 million and diluted net income per share of $0.32 for the comparable period last year.
Versant also reported an increase in cash and cash equivalents of approximately $3.3 million during the quarter, resulting in a cash and cash equivalents balance of approximately $14.0 million as of April 30, 2007.
"This quarter was extremely strong, especially in light of the fact that Versant's second fiscal quarter is typically a relatively weaker quarter. The significant increase in license revenues was largely a result of a license transaction with a defense contractor for approximately $0.8 million, which we had originally expected to close later in this fiscal year. The increase in license revenues contributed significantly to an excellent overall gross profit margin of 89%, which helped drive net income to new record quarterly levels", said Jochen Witte, Versant's CEO.
Based on the first two quarters' performance in fiscal 2007, Versant is raising its guidance for fiscal 2007. The Company expects total revenue growth for full year fiscal 2007 over fiscal 2006 of approximately 10%, driven primarily by estimated license revenue growth of approximately 25% in fiscal 2007 compared to fiscal 2006. For fiscal 2007, the Company estimates net income from continuing operations before taxes to be in the range of approximately $5.8 million to $6.2 million and net income to be in the range of $5.6 million to $6.0 million, resulting in estimated diluted net income per share between approximately $1.50 and $1.62 for fiscal 2007.
About Versant Corporation
Versant Corporation (NASDAQ: VSNT) is an industry leader in specialized data management software. Using Versant's solutions, customers cut hardware costs, speed and simplify development, significantly reduce administration costs, and deliver products with a strong competitive edge. Versant's solutions are deployed in a wide array of industries including telecommunications, financial services, transportation, manufacturing, and defense. With over 50,000 installations, Versant has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Sagem, the US Government, and Financial Times. For more information, call 510-789-1500 or visit www.versant.com.
Forward Looking Statements Involve Risks and Uncertainties
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. These forward-looking statements include the statements in this press release regarding our expected revenue growth, anticipated range of net income from continuing operations before taxes, net income and diluted net income per share for fiscal year 2007. Investors are cautioned that any such forward-looking statements are not guarantees of Versant's future performance and involve significant risks and uncertainties. There are many important factors and risks that could cause our actual results to differ materially from those anticipated in the forward-looking statements. These factors, risks and uncertainties include, without limitation: our inability to achieve revenue expectations or projected net income levels as a result of delays in the sales cycle for our products and services or failures to close key sales transactions; changing market demands or perceptions of our products and technologies; failure to develop new customers; the fact that our results of operations are highly dependent on sales of our Versant Object Database product; the possibility that the amount of future contingent earn-out payments from the sale of our WebSphere consulting practice assets will fall below our estimates; the performance of our resellers; the possibility that existing value added resellers may not remain committed to our software or that their sales activity may not keep pace with their historical results; potential reductions in the prices we charge for our products and services due to competitive conditions; legal costs and potential costs associated with a pending litigation in which one of our customers is seeking indemnification from the Company for alleged infringement of intellectual property rights asserted by a third party; and the Company's ability to successfully manage its costs and operations and maintain adequate working capital. The forward- looking statements contained in this press release are made only as of the date of this press release, and the Company assumes no obligation to publicly update any forward-looking statement. Investors are cautioned not to place undue reliance on forward-looking statements. Additional information concerning factors that could cause results to differ can be found in the Company's filings with the Securities and Exchange Commission, including without limitation the Company's most recent Annual Report on Form 10-K for the year ending October 31, 2006, its Quarterly Report on Form 10-Q for the quarter ending January 31, 2007 and its reports on Form 8-K.
Versant is a registered trademark or trademark of Versant Corporation in the United States and/or other countries.
Conference Call Information
Versant will host a teleconference today to discuss the above after markets close. The details for the call are as follows:
Date: Tuesday, May 29, 2007
Time: 1:30 PM Pacific (4:30 PM Eastern)
Dial-in number US: 1-800-936-9754
International: 1-973-935-2048
Conference ID: 8842063
Internet Simulcast*: viavid.net/dce.aspx?sid=00004046
*Windows Media Player needed for simulcast. Simulcast
is voice only.
Dial in 5-10 minutes prior to the start time. An operator will request your name and organization and ask you to wait until the call begins. If you have any difficulty connecting, please call Versant Corporation at (510) 789-1577.
A replay of the conference call will be available until June 5, 2007
Replay number US: 1-877-519-4471
International Replay number: 1-973-341-3080
Replay Pass Code**: 8842063
** Enter the playback pass code to access the replay
VERSANT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
April 30, October 31,
2007 2006
---------- ----------
ASSETS
Current assets:
Cash and cash equivalents $13,960 $8,231
Trade accounts receivable,
net of allowance for doubtful accounts of
$82 and $62 at April 30, 2007 and
October 31, 2006, respectively 2,076 2,885
Other current assets 907 782
---------- ----------
Total current assets 16,943 11,898
Property and equipment, net 522 385
Goodwill 6,720 6,720
Intangible assets, net 1,038 1,196
Other assets 105 62
---------- ----------
Total assets $25,328 $20,261
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $288 $154
Accrued liabilities 2,258 2,363
Deferred revenues 4,021 3,083
Deferred rent 25 99
---------- ----------
Total current liabilities 6,592 5,699
Deferred revenues 717 742
Long-term capital lease obligations 20 28
---------- ----------
Total liabilities 7,329 6,469
---------- ----------
Stockholders' equity:
Common stock, no par value 95,442 95,089
Accumulated other comprehensive income, net 762 521
Accumulated deficit (78,205) (81,818)
---------- ----------
Total stockholders' equity 17,999 13,792
---------- ----------
Total liabilities and stockholders' equity $25,328 $20,261
========== ==========
VERSANT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except for per share amounts)
(unaudited)
Three Months Ended Six Months Ended
-------------------- ------------------
April 30, April 30, April 30, April 30,
2007 2006 2007 2006
-------- -------- -------- --------
Revenues:
License $3,285 $1,745 $6,449 $4,258
Maintenance 1,877 1,457 3,794 3,090
Professional services 28 578 98 1,057
-------- -------- -------- --------
Total revenues 5,190 3,780 10,341 8,405
Cost of revenues:
License 94 58 141 162
Amortization of
intangible assets 79 79 158 158
Maintenance 370 345 776 729
Professional services 20 291 60 625
-------- -------- -------- --------
Total cost of
revenues 563 773 1,135 1,674
Gross profit 4,627 3,007 9,206 6,731
-------- -------- -------- --------
Operating expenses:
Sales and marketing 874 765 1,634 1,711
Research and development 821 702 1,713 1,571
General and
administrative 1,095 871 2,303 1,924
Restructuring -- 84 -- 218
-------- -------- -------- --------
Total operating
expenses 2,790 2,422 5,650 5,424
Income from operations 1,837 585 3,556 1,307
Outside shareholders'
income from VIE -- -- -- 138
Interest and other
income, net 141 34 243 46
Gain on disposal of
Variable Interest
Entity -- 131 -- 131
-------- -------- -------- --------
Income from continuing
operations before
taxes 1,978 750 3,799 1,622
Net provision for
income taxes 153 99 356 182
-------- -------- -------- --------
Net income from
continuing operations $1,825 $651 $3,443 $1,440
Gain from sale
of discontinued
operations, net of
income taxes -- 468 -- 468
Net income from
discontinued
operations, net of
income taxes 81 35 170 22
-------- -------- -------- --------
Net income $1,906 $1,154 $3,613 $1,930
======== ======== ======== ========
Basic income per share:
Net income from
continuing operations
attributable to
common shareholders $0.51 $0.18 $0.95 $0.40
Net income from
discontinued
operations, net of
income tax $0.02 $0.14 $0.05 $0.14
-------- -------- -------- --------
Net income attributable
to common shareholders $0.53 $0.32 $1.00 $0.54
Diluted income per share:
Net income from
continuing operations
attributable to
common shareholders $0.50 $0.18 $0.94 $0.40
Net income from
discontinued
operations, net of
income tax $0.02 $0.14 $0.05 $0.14
-------- -------- -------- --------
Net income attributable
to common shareholders $0.52 $0.32 $0.99 $0.54
Shares used in per share
calculation:
Basic 3,618 3,569 3,612 3,564
Diluted 3,698 3,578 3,677 3,570
Non-cash stock-based
compensation included
in the above expenses:
Cost of revenues $16 $14 $29 $25
Sales and marketing $21 $12 $40 $20
Research and
development $8 $20 $19 $37
General and
administrative $42 $18 $81 $39
SOURCE Versant Corporation
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