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Tecnomatix Announces Third Quarter 2002 Results
October 28, 2002 |Estimated reading time: Less than a minute
Herzlia, Israel -- Tecnomatix Technologies Ltd. has announced its financial results for the third quarter, ended September 30, 2002.
All financial figures in this press release are pro forma results. Pro forma results exclude amortization of goodwill and acquired intangibles related to acquisitions. A reconciliation of pro forma with GAAP net income is included in the summary financial data, which is attached to this press release.
For the third quarter 2002, the company is reporting pro forma revenues of $20.1 million, compared to $21.1 million for the same period last year. Operating income for the quarter was $800,000, compared to an operating loss of $600,000 for the third quarter in 2001. Net income for the third quarter 2002 was $400,000 or 4 cents per diluted share, compared to a net loss of $900,000 or a net loss of 8 cents per diluted share for the same period last year. The company ended the quarter with $44.6 million in cash and cash equivalents, short-term investments and long-term investments.
Tecnomatix Technologies Ltd. is the driving force in Manufacturing Process Management (MPM) solutions. For more information, visit www.tecnomatix.com.