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Finance and telecom analytics solutions drive Angoss revenue and profit growth1 February 2006
----------------------- -------------------------
Gross margin 1,801,935 1,655,122 6,404,491 6,024,128
Costs and Expenses
General and
administration 342,886 399,446 1,510,036 1,601,050
Sales and marketing 917,281 883,227 3,288,078 3,274,187
Research and
development, net 271,304 223,162 1,166,473 1,196,870
------------------------- -------------------------
1,531,471 1,505,835 5,964,587 6,072,107
------------------------- -------------------------
Income (loss) before
the following 270,464 149,287 439,904 (47,979)
Other income 31,670 31,658 62,318 55,724
Special charges - - - (125,646)
Amortization of
capital assets (28,667) (25,055) (109,487) (88,544)
Amortization of
deferred charges (27,622) (25,013) (107,155) (116,661)
Dividend expense (39,370) (40,030) (160,450) (161,000)
Foreign exchange
(loss) gain (49,412) (160,743) (52,204) (152,981)
Stock option expense (2,679) - (66,012) -
------------------------- -------------------------
Income (loss) before
income taxes 154,384 (69,896) 6,914 (637,087)
Recovery of future
income taxes - 125,000 - 125,000
------------------------- -------------------------
Net income (loss) for
the period $154,384 $55,104 $6,914 $(512,087)
------------------------- -------------------------
------------------------- -------------------------
Basic and diluted loss
per share $0.00 $0.00 $0.00 $(0.01)
------------------------- -------------------------
------------------------- -------------------------
Weighted average number
of shares outstanding
Basic 39,499,723 39,244,179 39,474,069 39,191,314
Diluted 39,627,498 39,244,179 39,673,219 39,191,314
ANGOSS Software Corporation
Selected Cash Flow Information
(unaudited, stated in Canadian dollars)
Three Months ended Twelve Months ended
------------------------- -------------------------
November November November November
30, 2005 30, 2004 30, 2005 30, 2004
Cash provided (used
in) by operating
activities $420,837 $196,905 $(76,188) $(396,783)
Cash used in investing
activities (23,190) (13,789) (210,630) (142,625)
Cash (used in)
provided by financing
activities (590,858) (17,784) (617,382) 2,497
Net (decrease) increase
in cash during
the period (193,211) 165,332 (904,200) (536,911)
ANGOSS Software Corporation
Selected Balance Sheet Information November 30, November 30,
(unaudited, stated in Canadian dollars) 2005 2004
Cash and cash equivalents $1,820,148 $2,724,348
Accounts receivable 1,938,333 1,497,344
Prepaid expenses 103,506 65,575
--------------------------
Total current assets 3,861,987 4,287,267
Other assets 327,032 243,041
--------------------------
Total assets $4,189,019 $4,530,308
--------------------------
- -
Accounts payable and accrued liabilities $625,917 $578,808
Current portion of deferred revenue 1,465,803 1,392,347
Current portion of repayable contribution 79,500 94,530
Current redeemable portion of
preferred shares 575,000 -
Other 26,026 601,576
--------------------------
Total current liabilities 2,772,246 2,667,261
--------------------------
Repayable contribution agreement 82,151 134,286
Deferred revenue - 11,600
Class A Preferred shares, Series 1 1,030,738 1,515,735
--------------------------
Total liabilities 3,885,135 4,328,882
Total shareholders' equity 303,884 201,426
--------------------------
Liabilities and shareholders' equity $4,189,019 $4,530,308
--------------------------
Angoss Software empowers people to make "Better Business Decisions. Every Day."(TM)
Some of the world's leading financial services, telecom, life sciences, and retail organizations use Angoss predictive analytics software and services to grow revenues, while reducing risk and cost. Angoss helps our clients utilize business data to discover the key drivers of behavior, predict future trends and events, and act with confidence when making business decisions.
Angoss combines powerful market proven software with focused industry services expertise in the deployment, integration and use of predictive analytics in enterprise environments. Our differentiators include broad user acceptance, a commitment to open standards, rich functionality, rapid deployment, exceptional ease-of-use and affordability.
Headquartered in Toronto Canada, Angoss has offices in the UK and Australia and partners with the world's leading enterprise software and services vendors. For more information, visit http://www.angoss.com.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets; the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents. ANGOSS Software does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.
Note: The Toronto Venture Exchange has neither approved nor disapproved the above information.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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