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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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