|
|
·
|
Total software revenue was $1,469,000, up 19% compared to the second quarter of 2013 and up 4% compared to the first quarter of 2014
|
|
|
·
|
Total revenue was $1,588,000, an increase of 20% compared to the second quarter of 2013 and up 8% compared to the first quarter of 2014
|
|
|
·
|
Income before taxes was $116,000
|
|
|
·
|
Total software revenue was $2,888,000, up 12% compared to the first half of 2013
|
|
|
·
|
Total revenue was $3,061,000, up 13% compared to the first half of 2013
|
|
|
·
|
Income before taxes was $169,000, up from $48,000 in the prior year period
|
|
|
·
|
Continuing design win momentum. Eleven new design wins for Cimetrix factory connectivity and equipment control products worldwide. These design wins help develop the Company’s long-term runtime license revenue stream once customers begin shipping the equipment.
|
|
|
·
|
Larger market for CIMControlFramework™ equipment automation software. Market feedback suggests more equipment makers are open to buying versus building equipment control software, and Cimetrix’s string of design wins confirms that its flagship CIMControlFramework product is the best solution to get OEMs to market faster with a higher level of sophisticated functionality.
|
|
|
·
|
Increasing adoption of EDA/Interface A. The industry continues to adopt this SEMI connectivity standard to collect equipment data to increase productivity and reduce costs. The Company’s CIMPortal™ Plus and EDAConnect products are aligned to support this demand for OEMs and semiconductor fabs. In addition, the Company announced the availability of its ECCE Plus EDA Reference Client to support the testing of EDA/Interface A connectivity.
|
|
Company Contact
|
Investor Contact
|
|
Rob Schreck
|
Jordan Darrow
|
|
Cimetrix Incorporated
|
Darrow Associates, Inc.
|
|
Phone: (801) 256-6500
|
Phone: (631) 367-1866
|
|
rob.schreck@cimetrix.com
|
jdarrow@darrowir.com
|
|
CIMETRIX INCORPORATED AND SUBSIDIARIES
|
||||||||
|
(Unaudited)
|
||||||||
|
June 30,
|
December 31,
|
|||||||
|
ASSETS
|
2014
|
2013
|
||||||
|
Current assets:
|
||||||||
|
Cash
|
$ | 1,200,000 | $ | 887,000 | ||||
|
Accounts receivable, net
|
899,000 | 797,000 | ||||||
|
Inventories
|
44,000 | 56,000 | ||||||
|
Prepaid expenses and other current assets
|
96,000 | 72,000 | ||||||
|
Deferred tax asset - current portion
|
250,000 | 144,000 | ||||||
|
Total current assets
|
2,489,000 | 1,956,000 | ||||||
|
Property and equipment, net
|
53,000 | 48,000 | ||||||
|
Goodwill
|
64,000 | 64,000 | ||||||
|
Deferred tax asset - long-term portion
|
1,005,000 | 1,194,000 | ||||||
|
Other assets
|
6,000 | 6,000 | ||||||
| $ | 3,617,000 | $ | 3,268,000 | |||||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
|
Current liabilities:
|
||||||||
|
Accounts payable
|
$ | 61,000 | $ | 56,000 | ||||
|
Accrued expenses
|
231,000 | 178,000 | ||||||
|
Deferred revenue
|
415,000 | 273,000 | ||||||
|
Total liabilities
|
707,000 | 507,000 | ||||||
|
Commitments and contingencies
|
||||||||
|
Stockholders’ equity:
|
||||||||
|
Common stock: $.0001 par value, 100,000,000 shares
|
||||||||
|
authorized, 45,042,006 and 45,042,006 shares issued,
|
||||||||
|
respectively
|
4,000 | 4,000 | ||||||
|
Additional paid-in capital
|
33,837,000 | 33,774,000 | ||||||
|
Treasury stock: 25,000 shares at cost
|
(49,000 | ) | (49,000 | ) | ||||
|
Accumulated deficit
|
(30,882,000 | ) | (30,968,000 | ) | ||||
|
Total stockholders’ equity
|
2,910,000 | 2,761,000 | ||||||
| $ | 3,617,000 | $ | 3,268,000 | |||||
|
CIMETRIX INCORPORATED AND SUBSIDIARIES
|
||||||||||||||||
|
(Unaudited)
|
||||||||||||||||
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||
|
June 30,
|
June 30,
|
|||||||||||||||
|
2014
|
2013
|
2014
|
2013
|
|||||||||||||
|
Revenues:
|
||||||||||||||||
|
New software licenses
|
$ | 1,204,000 | $ | 962,000 | $ | 2,309,000 | $ | 2,077,000 | ||||||||
|
Software license updates and product support
|
265,000 | 271,000 | 579,000 | 505,000 | ||||||||||||
|
Total software revenues
|
1,469,000 | 1,233,000 | 2,888,000 | 2,582,000 | ||||||||||||
|
Professional services
|
119,000 | 85,000 | 173,000 | 135,000 | ||||||||||||
|
Total revenues
|
1,588,000 | 1,318,000 | 3,061,000 | 2,717,000 | ||||||||||||
|
Operating costs and expenses:
|
||||||||||||||||
|
Cost of revenues
|
549,000 | 558,000 | 1,051,000 | 1,141,000 | ||||||||||||
|
Sales and marketing
|
268,000 | 232,000 | 525,000 | 498,000 | ||||||||||||
|
Research and development
|
268,000 | 206,000 | 551,000 | 397,000 | ||||||||||||
|
General and administrative
|
378,000 | 292,000 | 746,000 | 607,000 | ||||||||||||
|
Depreciation and amortization
|
9,000 | 17,000 | 19,000 | 34,000 | ||||||||||||
|
Total operating costs and expenses
|
1,472,000 | 1,305,000 | 2,892,000 | 2,677,000 | ||||||||||||
|
Income from operations
|
116,000 | 13,000 | 169,000 | 40,000 | ||||||||||||
|
Other income (expenses):
|
||||||||||||||||
|
Interest income
|
- | 1,000 | - | 1,000 | ||||||||||||
|
Other income
|
- | 4,000 | - | 7,000 | ||||||||||||
|
Total other income, net
|
- | 5,000 | - | 8,000 | ||||||||||||
|
Income before income taxes
|
116,000 | 18,000 | 169,000 | 48,000 | ||||||||||||
|
Provision (benefit) for income taxes
|
77,000 | (1,371,000 | ) | 83,000 | (1,370,000 | ) | ||||||||||
|
Net income
|
$ | 39,000 | $ | 1,389,000 | $ | 86,000 | $ | 1,418,000 | ||||||||
|
Net income per common share:
|
||||||||||||||||
|
Basic
|
$ | 0.00 | $ | 0.03 | $ | 0.00 | $ | 0.03 | ||||||||
|
Diluted
|
$ | 0.00 | $ | 0.03 | $ | 0.00 | $ | 0.03 | ||||||||
|
Weighted average number of shares
|
||||||||||||||||
|
outstanding:
|
||||||||||||||||
|
Basic
|
45,227,000 | 45,530,000 | 45,227,000 | 45,718,000 | ||||||||||||
|
Diluted
|
45,908,000 | 46,144,000 | 45,888,000 | 46,338,000 | ||||||||||||