|
|
·
|
Total software revenue was $1,355,000, up 8% compared to the fourth quarter of 2012, and up 31% from the third quarter of 2013
|
|
|
·
|
Professional Services revenue was $73,000, up 7% from the fourth quarter of 2012 and up 33% from the third quarter of 2013
|
|
|
·
|
Total revenue was $1,428,000 up 8% from the fourth quarter of 2012 and up 31% from the third quarter of 2013
|
|
|
·
|
Income before taxes was $54,000 compared to $20,000 in the fourth quarter of 2012
|
|
|
·
|
Total software revenue was up slightly to $4,971,000 compared to $4,952,000 in 2012
|
|
|
·
|
Professional Services revenue was $263,000, a decrease of 62% compared to 2012
|
|
|
·
|
Total revenue of $5,234,000, down 7% from 2012
|
|
|
·
|
Income before taxes was $41,000 compared to $74,000 in 2012
|
|
|
·
|
Net income, including a favorable deferred tax benefit adjustment of $1,338,000, was $1,382,000 compared to $68,000 in 2012
|
|
|
·
|
Increased stockholders’ equity with a $1.3 million valuation of a deferred tax asset.
|
|
|
·
|
Achieved 20 new design wins in North America, Europe, and Asia.
|
|
|
·
|
After listening to the recommendations from our growing customer base, we developed and delivered a major new release of CIMControlFramework equipment control software. CIMControlFramework version 3.8 delivers additional functionality that empowers Cimetrix customers to complete equipment automation projects with the fastest time-to-market.
|
|
|
·
|
Released CIMPortal Plus software development kit (SDK), a new addition to our CIMPortal EDA/Interface A connectivity family. CIMPortal Plus is designed for equipment manufacturers to support the latest EDA/Interface A standards, including the recent E164 Specification for EDA Common Metadata.
|
|
|
·
|
Completed incremental releases of CIMConnect, CIM300, and CIMPortal software to enable development on new platforms and support revisions to SEMI standards.
|
|
|
·
|
Cimetrix continues to collaborate with industry leaders to investigate new products that enable both equipment companies and semiconductor manufacturers to reduce costs and increase productivity.
|
|
CONSOLIDATED BALANCE SHEETS
|
||||||||
|
December 31,
|
||||||||
|
ASSETS
|
2013
|
2012
|
||||||
|
Current assets:
|
||||||||
|
Cash
|
$ | 887,000 | 1,027,000 | |||||
|
Accounts receivable, net
|
797,000 | 642,000 | ||||||
|
Inventories
|
56,000 | 16,000 | ||||||
|
Prepaid expenses and other current assets
|
72,000 | 102,000 | ||||||
|
Deferred tax asset - current portion
|
144,000 | - | ||||||
|
Total current assets
|
1,956,000 | 1,787,000 | ||||||
|
Property and equipment, net
|
48,000 | 81,000 | ||||||
|
Goodwill
|
64,000 | 64,000 | ||||||
|
Deferred tax asset - long-term portion
|
1,194,000 | - | ||||||
|
Other assets
|
6,000 | 20,000 | ||||||
| Total assets | $ | 3,268,000 | $ | 1,952,000 | ||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
|
Current liabilities:
|
||||||||
|
Accounts payable
|
$ | 56,000 | $ | 49,000 | ||||
|
Accrued expenses
|
178,000 | 230,000 | ||||||
|
Deferred revenue
|
273,000 | 338,000 | ||||||
|
Total current liabilities
|
507,000 | 617,000 | ||||||
|
Total liabilities
|
507,000 | 617,000 | ||||||
|
Commitments and contingencies
|
||||||||
|
Stockholders’ equity:
|
||||||||
|
|
||||||||
|
|
||||||||
|
Common stock; $.0001 par value, 100,000,000 shares authorized, 45,042,006 and 45,567,006 shares issued, respectively
|
4,000 | 4,000 | ||||||
|
Additional paid-in capital
|
33,774,000 | 33,683,000 | ||||||
|
Treasury stock, 25,000 shares at cost
|
(49,000 | ) | (49,000 | |||||
|
Accumulated deficit
|
(30,968,000 | ) | (32,303,000 | |||||
|
Total stockholders’ equity
|
2,761,000 | 1,335,000 | ||||||
| Total liabilities and stockholders' equity | $ | 3,268,000 | $ | 1,952,000 | ||||
|
CIMETRIX INCORPORATED AND SUBSIDIARIES
|
||||||||||||||||
|
CONSOLIDATED STATEMENTS OF INCOME
|
||||||||||||||||
|
Three Months Ended
|
Twelve Months Ended
|
|||||||||||||||
|
December 31,
|
December 31,
|
|||||||||||||||
|
2013
|
2012
|
2013
|
2012
|
|||||||||||||
|
Revenues:
|
||||||||||||||||
|
New software licenses
|
$ | 1,030,000 | $ | 982,000 | $ | 3,917,000 | $ | 3,945,000 | ||||||||
|
Software license updates and product support
|
325,000 | 270,000 | 1,054,000 | 1,007,000 | ||||||||||||
|
Total software revenues
|
1,355,000 | 1,252,000 | 4,971,000 | 4,952,000 | ||||||||||||
|
Professional services
|
73,000 | 68,000 | 263,000 | 687,000 | ||||||||||||
|
Total revenues
|
1,428,000 | 1,320,000 | 5,234,000 | 5,639,000 | ||||||||||||
|
Operating costs and expenses:
|
||||||||||||||||
|
Cost of revenues
|
561,000 | 459,000 | 2,197,000 | 2,276,000 | ||||||||||||
|
Sales and marketing
|
248,000 | 286,000 | 957,000 | 1,022,000 | ||||||||||||
|
Research and development
|
187,000 | 283,000 | 852,000 | 1,029,000 | ||||||||||||
|
General and administrative
|
279,000 | 266,000 | 1,137,000 | 1,185,000 | ||||||||||||
|
Depreciation and amortization
|
11,000 | 17,000 | 61,000 | 65,000 | ||||||||||||
|
Total operating costs and expenses
|
1,286,000 | 1,311,000 | 5,204,000 | 5,577,000 | ||||||||||||
|
Income from operations
|
142,000 | 9,000 | 30,000 | 62,000 | ||||||||||||
|
Other income (expenses):
|
||||||||||||||||
|
Interest income
|
1,000 | - | 2,000 | 1,000 | ||||||||||||
|
Gain on sale of property and equipment
|
(1,000 | ) | - | 1,000 | - | |||||||||||
|
Interest expense
|
- | (1,000 | ) | - | (1,000 | ) | ||||||||||
|
Other income
|
- | 12,000 | 8,000 | 12,000 | ||||||||||||
|
Total other income (expenses), net
|
- | 11,000 | 11,000 | 12,000 | ||||||||||||
|
Income before income taxes
|
142,000 | 20,000 | 41,000 | 74,000 | ||||||||||||
|
Provision for income taxes
|
88,000 | - | (1,341,000 | ) | 6,000 | |||||||||||
|
Net income
|
$ | 54,000 | $ | 20,000 | $ | 1,382,000 | $ | 68,000 | ||||||||
|
Net income per common share:
|
||||||||||||||||
|
Basic
|
$ | 0.00 | $ | 0.00 | $ | 0.03 | $ | 0.00 | ||||||||
|
Diluted
|
$ | 0.00 | $ | 0.00 | $ | 0.03 | $ | 0.00 | ||||||||
|
Weighted average number of shares
|
||||||||||||||||
|
outstanding:
|
||||||||||||||||
|
Basic
|
45,227,000 | 45,727,000 | 45,431,000 | 45,718,000 | ||||||||||||
|
Diluted
|
45,903,000 | 46,290,000 | 46,092,000 | 46,381,000 | ||||||||||||