Metrowerks Announces Record Revenues & Earnings
AUSTIN, Texas — March 11, 1996 — Metrowerks today announced record revenues and earnings for its second quarter of fiscal 1996, ended January 31, 1996.
Metrowerks, a leading vendor of Macintosh-hosted software development tools for the Power Macintosh, Windows, Magic Cap, BeBox, and Pilot, said net revenues increased 120 percent from US$ 1.1 million in fiscal Q2'95, to US$ 2.4 million in fiscal Q2'96. This marked the highest single quarter of revenue in metrowerks history.
Net earnings increased 426 percent from US$ 42,000 (US$ 0.005 per share on a fully diluted basis) for the three months ended January 31, 1995 to US$ 221,000 (US$ 0.021 Per share on a fully diluted basis) for the three months ended January 31, 1996. Net earnings increased 6 percent from US$ 209,000 (US$ 0.022 per share on a fully diluted basis) for the three months ended October 31, 1995.
"We are very satisfied with the results for the second quarter," said Jean Belanger, Chairman of the Board. "In October 1995, we stopped bundling desktop computers with our software development tools, a program which we started in August, 1995. The growth in our second quarter software revenues was stronger than our results would otherwise indicate. Our first quarter hardware sales were US$ 158,000, and therefore are comparable revenues increased by 12 percent."
Earnings Table
The Company has reported its financial results in US dollars since the beginning of fiscal 1996, and accordingly the results of prior periods have been translated into US dollars for comparative purposes.
Jan 31 April 30 July 31 October 31 Jan 31
1995 1995 1995 1995 1996
Revenue 1,101 1,304 1,808 2,325 2,418
Direct costs 147 98 476 553 460
SG&A and technical support 511 579 806 979 1,041
Research & development 369 484 459 615 693
Depreciation of fixed assets 26 42 69 37 53
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Total operating expenses 906 1,105 1,134 1,631 2,247
Operating income 48 101 (2) 141 171
Other income (expense)
Interest (1) 62 60 48
Foreign exchange (5) 12 31 8 2
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Net earnings 42 113 91 209 221
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EPS fully diluted 0.005 0.012 0.010 0.022 0.021
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As of January 31, 1996 there were 10,429,443 shares outstanding and there were 590,550 options outstanding to acquire common shares. In addition, the company also granted 45,000 share purchase options today to new employees who joined the company in the past three months.
Founded in 1985, Metrowerks develops, markets and supports a complete line of Macintosh-hosted computer language products for building Mac OS, Win95, WinNT, Magic Cap, BeBox and Pilot applications. Metrowerks CodeWarrior software products have quickly become the industry standard for professional Mac-hosted development tools with over 35,000 registered users in 60 countries. Additional information on Metrowerks is available on the Internet at http://www.metrowerks.com, by sending email to [email protected], or by calling 512/305-0400. note to Editors: Metrowerks, the Metrowerks logo and CodeWarrior are registered trademarks of Metrowerks Inc. All other product or service names mentioned herein are trademarks of their respective owners.
CONTACT:
Metrowerks, Inc.
David Perkins, 512/305-0460
[email protected]