CIMdata PLM Industry Summary Online Archive
14 November 2005
Financial News
Cimatron Ltd. Reports Third Quarter and First Nine Months 2005 Results
Cimatron Limited announced financial results for the third quarter and first nine months ended September 30, 2005.
Revenues for the third quarter of 2005 were $4.90 million, compared to $5.28 million in the third quarter of 2004. Net loss for the third quarter of 2005 was $(597) thousand, or $(0.08) per fully diluted share, compared to a net loss of $(352) thousand, or $(0.04) per fully diluted share in the third quarter of 2004.
Revenues for the first nine months of 2005 were $15.50 million, compared to $16.76 million in the first nine months of 2004. Net loss for the first nine months of 2005 was $(2.87) million, or $(0.37) per fully diluted share, compared to a net loss of $(139) thousand, or $(0.02) per fully diluted share in the first nine months of 2004.
Danny Haran, President and Chief Executive Officer of Cimatron, said: "We continue with our re-organization plan in order to adjust our expense level to current market conditions, and expect to show significant reorganization expenses until we conclude most of this plan in the 4th quarter of 2005. At the same time, we continue to enhance our sales and marketing efforts worldwide."
"In August 2005 we announced version 7.0 of our flagship CimatronE CAD/CAM solution which introduces new breakthrough solutions such as the NC Lite shop-floor solution, the first commercially available Micro Milling NC application, and advanced 5-axis milling. We continue with our development efforts in order to enhance even more our products' performance, reliability and functionality."
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