CE Software, Inc. - Press Releases & Announcements

Back to Press Release Index

 


FOR RELEASE Tuesday, May 15, 2001, 8:00 AM EDT

Company Contact:
John S. Kirk
President
CE Software, Inc.
john.kirk@cesoft.com
(515) 221-1801

 

CE Software, Inc. Reports Second-Quarter Results

West Des Moines, Iowa, May 15, 2001 -- CE SOFTWARE, INC. (OTCBB Symbol: CESW) today announced financial results for its second quarter ended March 31, 2001.

CE Software reports a net loss of $272,000, or $0.23 per share, for the quarter. The same quarter a year ago saw a net loss of $305,000, or $0.27 per share. Revenues were $400,000 for the quarter ended March 31, 2001, compared to $735,000 for the same quarter a year ago.

"We are currently working on new products which we expect will, in part, replace the declining QuickMail revenue," said John S. Kirk, president. "We have already begun marketing QuickConference. The formal acquisition of QuickConference was approved by our shareholders at the annual shareholder meeting held on March 23, 2001."

"We also anticipate announcing a new version of QuicKeys for the Macintosh OS X operating system this summer. We are continuing our commitment to develop software to enhance user productivity for small and mid-sized businesses."

Since 1981, CE Software, Inc. has developed automation utilities and e-mail software that save time and effort for millions of Microsoft Windows 95/98, Windows NT/2000 and Macintosh users. For more information: (515) 221-1801 or www.cesoft.com

This release contains forward-looking information that is subject to certain risks, trends and uncertainties and actual developments may differ materially from those projected. For a discussion of important factors that could affect the Company's results, the reader is encouraged to refer to the Company's Form 10-SB, annual report on Form 10-KSB and quarterly Form 10-QSB.

###

(c) Copyright 2001 CE Software, Inc.  All rights reserved. QuickMail, QuicKeys, QuickConference, CE Software, CE and the CE Software logo are trademarks of CE Software, Inc. All other brand or product names are trademarks of their respective owners.

 

                           CE SOFTWARE, INC.
                 Condensed Statements of Operations
                (In thousands, except per share data)
                
                                Three Months Ended     Six Months Ended
                                      March 31,            March 31,
                                   2001       2000      2001       2000
                                  -----      -----     -----      -----
Net revenues                       $400       $735      $894     $1,650
Cost of revenues                     84        219       168        433
                                  -----      -----     -----      -----
    Gross profit                    316        516       726      1,217
Operating expenses                  576        820     1,177      1,567
                                  -----      -----     -----      -----
    Operating loss                 (260)      (304)     (451)      (350)
Other expense                       (12)        (1)       (7)        (7)
                                  -----      -----     -----      -----
    Net loss                       (272)      (305)     (458)      (357)
                                  =====      =====     =====      =====
                                  
Net loss per share                 (.23)      (.27)     (.39)      (.32)
Weighted average common shares    1,175      1,131     1,165      1,131
						

Back to Press Release Index