ClickSoftware Announces Preliminary Fourth Quarter Results
19 Janeiro 2006 - 7:31PM
PR Newswire (US)
Record Backlog & Deferred Revenues Offer Good Visibility Going
Into 2006 BURLINGTON, Massachusetts, January 19
/PRNewswire-FirstCall/ -- ClickSoftware Technologies, Ltd.,
(NasdaqSC: CKSW), the leading provider of workforce and service
optimization solutions, today announced preliminary results for the
fourth quarter of 2005. The Company expects revenues of
approximately $6 million--below earlier projections of $6.7 to $7.3
million. Based on preliminary estimates of operating costs, the
anticipated net loss is estimated to be between $650,000 and
$750,000, or between $0.02 and $0.03 per share. The Company
estimates that its cash, cash-equivalents, short and long-term
investments increased to approximately $13.8 million as of December
31, 2005, compared with $13.1 million at the end of the third
quarter. Backlog and deferred revenues as of December 31, reached a
record level and are estimated at $13.7 million compared to $11.9
million at the end of the third quarter of 2005. "As we previously
announced, during the fourth quarter we signed two significant
contracts, one in the utilities and the other in the
telecommunications sectors, as well as two other significant
contracts that were signed close to the end of the third quarter.
Revenues from these contracts should be recognized across several
quarters. We are starting 2006 with an extensive backlog and
deferred revenues estimated at approximately 56 percent of the
total 2005 revenues," said Moshe BenBassat, ClickSoftware's
Chairman and CEO. "We have a good visibility going into the first
half of 2006". These preliminary results are based on
ClickSoftware's initial analysis of operating results and are
subject to change as additional financial information becomes
available. ClickSoftware will report final results for the quarter,
including an updated earnings outlook, at the beginning of February
2006. A news release announcing dial-in and webcasting details for
the conference call will be issued in advance. About ClickSoftware
ClickSoftware is the leading provider of workforce and service
optimization solutions that maximize workforce productivity and
customer satisfaction while minimizing operations costs.
ClickSoftware's ServiceOptimization Suite provides an integrated,
intelligent solution for automatic, efficient, and effective
decisions over the entire service decision-making chain. It
includes reliable customer demand and workload forecasting,
strategic and tactical capacity planning, daily service scheduling,
troubleshooting and repair support, wireless workforce management,
and business analytics, connecting all organizational levels and
functions. The company has offices in Burlington, MA; Tel-Aviv,
Israel; North America; Europe; and Asia Pacific. For more
information about ClickSoftware, call (781)-272-5903 or
(888)-438-3308 or visit http://www.clicksoftware.com/. This press
release contains express or implied forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act. These forward-looking
statements include, but are not limited to, those regarding future
results of operations, visibility into future periods, recognition
of revenues, backlog and deferred revenues. Such "forward-looking
statements" involve known and unknown risks, uncertainties and
other factors, which may cause actual results or performance to be
materially different from those projected. Achievement of these
results by Clicksoftware and its subsidiaries may be affected by
many factors, including among others, the following: risks and
uncertainties regarding the general economic outlook; the length of
or change in the company's sales cycle; the company's ability to
close sales to potential customers in a timely manner; the
company's ability to maintain or increase relationships with
strategic partners; and the company's ability to maintain or
increase its sales pipeline. The forward-looking statements
contained in this press release are subject to other risks and
uncertainties, including those discussed in ClickSoftware's annual
report on Form 10-K for the year ended December 31, 2004 and
subsequent filings with the Securities and Exchange Commission. The
Company is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
Contacts: Shmuel Arvatz Chief Financial Officer +972-3-7659467
Howard Kalt Kalt Rosen & Co. +1-(415)-397-2686 DATASOURCE:
ClickSoftware Technologies Ltd CONTACT: Contacts: Shmuel Arvatz,
Chief Financial Officer, +972-3-7659467, . Howard Kalt, Kalt Rosen
& Co., +1-(415)-397-2686,
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