CE Software, Inc. - Press Releases & Announcements

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FOR RELEASE Wednesday, August 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 Third-Quarter Results

West Des Moines, Iowa, August 15, 2001 -- CE SOFTWARE, INC. (OTCBB Symbol: CESW) today announced financial results for its third quarter ended June 30, 2001.

CE Software reports a net loss of $287,000, or $0.20 per share, for the quarter. The same quarter a year ago saw a net loss of $74,000, or $0.07 per share. Revenues were $335,000 for the quarter ended June 30, 2001, compared to $752,000 for the same quarter a year ago.

"We are aggressively developing new products," said John S. Kirk, president of CE Software, Inc. "In June we released InOut Tracker, our new office utility software, and in July a new version of QuickConference, the business answer to secure instant messaging. Both products are designed to enhance productivity for businesses."

"We announced a new version of QuicKeys for the Macintosh OS X operating system and released a version for public testing in July," Kirk added. "We have also announced that development of a new version of QuickMail is well under way. Public testing should begin during the September quarter. We are continuing our commitment to develop software products to enhance productivity for individuals and groups."

"We believe that the decrease in revenue was partially impacted by the current global economic conditions. Assuming an improving economy, we are anticipating better financial results based on the development of both our existing and new products," Kirk stated.

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.

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© Copyright 2001 CE Software, Inc. All rights reserved. QuicKeys and QuickConference are registered trademarks of CE Software, Inc. QuickMail, InOut Tracker, 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.
                        Statement of Operations
                (In thousands, except per share data)
                
                                Three Months Ended     Nine Months Ended
                                      June 30,            June 30,
                                   2001       2000      2001       2000
                                  -----      -----     -----      -----
Net revenues                       $335       $752    $1,229     $2,402
Cost of revenues                     62        147       230        580
                                  -----      -----     -----      -----
    Gross profit                    273        605       999      1,822
Operating expenses                  554        683     1,731      2,250
                                  -----      -----     -----      -----
    Operating loss                 (281)       (78)     (732)      (428)
Other expense                        (6)         4       (13)        (3)
                                  -----      -----     -----      -----
    Net loss                       (287)       (74)     (745)      (431)
                                  =====      =====     =====      =====
                                  
Net loss per share                 (.20)      (.07)     (.59)      (.38)
Weighted average common shares    1,455      1,131     1,262      1,131
						

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