Cistera Networks Announces Second Quarter Profit
20 Novembro 2009 - 1:23PM
Marketwired
Cistera Networks® (OTCBB: CNWT), a leading provider of enterprise
application platforms and engines for Internet Protocol (IP)
Communications, today reported results for the three months and
fiscal year ended September 30th, 2009 (all figures in U.S. dollars
and U.S. GAAP).
Revenue for the second quarter of fiscal 2010 was $0.75 million,
up 64% from $0.457 million in the previous quarter and down 41%
from $1.28 million in the same quarter of last year. Net income for
the quarter was $0.342 million, or $0.02 per share, compared with
net loss of $0.347 million, in the prior quarter and net loss of
$0.598 million, in the same quarter last year.
"We are very pleased to report a profitable quarter despite a
very difficult economic climate," said Greg Royal, CEO at Cistera.
"It is obvious that our restructuring is delivering positive
results for our shareholders and that we are able to show a strong
underlying business despite the current economic recession."
"We continue to make strong headway in the Federal, State and
Local Government, and Healthcare markets and are positioning
ourselves well for 2010. Maintenance revenues continue to grow and
now constitute over $1.2M per annum of recurring business," says
Royal. "We however continue to see market weakness in the US
economy and do not expect business investment spending to recover
until mid 2010."
Earnings before interest, taxes, depreciation and amortization
(EBITDA) for the third quarter were $0.355 million, up
significantly from $0.347 million loss in the first quarter, due
primarily to restructuring and a strong cost control. Gross Margins
have improved from 63% to 73% of revenues due to a strong mix of
software sales vs hardware sales.
About Cistera Networks, Inc.
Cistera Networks is a leading provider of enterprise application
communications platforms and services. The company blends powerful
application infrastructure with industry-specific business
processes, to deliver the benefits of voice, video and data
convergence to the user. Cistera's industry-leading platform
delivers the most reliable, scalable and secure application
services for IP-based network environments. Its broad portfolio of
application services enables users to improve customer service and
satisfaction, increase productivity and collaboration, improve
responsiveness to critical incidents and to provide a safer
environment.
Based on open standards and a proven server technology
foundation, the award-winning Cistera ConvergenceServer(TM) has a
single unified administration which delivers the lowest total cost
of ownership in the industry. It enables customers to create robust
and scalable environments that are flexible enough to adapt to
their changing needs by scaling up to support from fewer than one
hundred to thousands of users, and scaling out to support multiple
sites, making it ideal for a broad range of organizations. For more
information, please see www.cistera.com
This release may be deemed to contain forward-looking statements
that are subject to the safe harbor provisions of the Private
Litigation Reform Act of 1995. These forward-looking statements
include, among other things, statements regarding future events and
the future financial performance of Cistera Networks that involve
risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results. Readers are
referred to the documents filed by Cistera Networks with the SEC,
specifically the most recent reports on Form 10-K and 10-Q, each as
it may be amended from time to time, which identify important risk
factors that could cause actual results to differ from those
contained in the forward-looking statements.
Media and Investor Contact: 972-381-4699 x75003 Email
Contact
Cistera Networks (CE) (USOTC:CNWT)
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