GlobalSCAPE Grows Revenue 67% and Net Income 100% in 2007
26 Março 2008 - 6:00PM
Business Wire
GlobalSCAPE, Inc. (AMEX: GSB) a leading developer of file centric
software for the Internet, announced its financial results today
for the year ended December 31, 2007. Revenues for the year ended
2007 were $18,360,000 compared to $10,974,000 for the year ended
2006, which is a 67% increase. Net income for 2007 was $3,922,000,
or $0.21 per share, compared to $1,962,000 in 2006, or $0.12 per
share. This is a 100% increase in net income and a 75% increase in
earnings per share for the year. Kelly E. Simmons, GlobalSCAPE�s
Chief Financial Officer, stated �While these results are
outstanding by any measure, we have witnessed a slow down in our
growth over recent months that requires us to speak with caution
about 2008. We believe that revenue in our core business will
remain steady in a range of $4.0 million to $4.5 million per
quarter for the next three quarters. By the fourth quarter of this
year, we will have introduced some new products that should bring
us out of this cycle. We will speak to our progress as the year
moves on and as we see this situation improving.� Mr. Simmons
added, �We are not at all discouraged by these events, and we have
many opportunities directly in front of us that are very
energizing. We are also well equipped to continue to grow this
business with cash in the bank and no debt, while running a
profitable operation. So, we believe that the odds are in our favor
that we will be much stronger by the fourth quarter.� About
GlobalSCAPE GlobalSCAPE, a provider of Global Managed File Transfer
(MFT) solutions and wide-area file services (WAFS) technologies,
delivers a modular approach to solving the enterprise challenges of
security, bandwidth, latency and regulatory compliance.
GlobalSCAPE�s products securely and efficiently move files such as
financial data, medical records, customer files, intellectual
property, and other sensitive documents of any size between supply
chain partners and branch offices. GlobalSCAPE�s products are used
by mid-sized and large enterprise companies, including virtually
all of the Fortune 100, leading technology, banking, healthcare,
and public sector organizations. Headquartered in San Antonio, TX.
GlobalSCAPE is also the developer of CuteFTP, the most popular file
transfer protocol application on the market. For more information
on our risk-free purchase options, visit www.globalscape.com or
call 800-290-5054 (US) or 210-308-8267 (international). Safe Harbor
Statement 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. The words
"would," �exceed,� "should," "steady," "dramatic," and variations
of such words and similar expressions identify forward-looking
statements, but their absence does not mean that a statement is not
a forward-looking statement. These forward-looking statements are
based upon the Company's current expectations and are subject to a
number of risks, uncertainties and assumptions. The Company
undertakes no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to
differ significantly from those expressed or implied by such
forward-looking statements are risks that are detailed in the
Company's Annual Report on Form 10-K for the 2007 calendar year,
filed on March 26, 2008 with the Securities and Exchange
Commission.
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