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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Attunity Ltd. - Ordinary Shares | NASDAQ:ATTU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.42 | 23.00 | 23.51 | 0 | 01:00:00 |
99.1
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Press Release, November 4, 2015: ATTUNITY REPORTS RECORD REVENUES FOR THIRD QUARTER 2015
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ATTUNITY LTD.
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|||
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By:
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/s/ Dror Harel-Elkayam | |
Dror Harel-Elkayam
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|||
Chief Financial Officer and Secretary
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·
|
Signed a strategic global resell agreement with Teradata, expanding distribution to the large data warehousing and fast-growing Big Data markets
|
·
|
Introduced Attunity Replicate Express to drive market awareness and demand generation for the expansive mainstream database market, as well as the rapidly expanding Hadoop market
|
·
|
Won a strategic deal for Attunity Compose (formerly “BIReady”), the new Data Warehouse Automation offering, with one of the world’s largest global insurance companies
|
·
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Closed first Microsoft Azure customer order for the recently launched Attunity CloudBeam for Azure SQL data warehouse
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·
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Expanded offerings for the cloud with a new solution for loading data into Hadoop running on AWS
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·
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Introduced Attunity Visibility for enterprise data usage analytics and monitoring for Hadoop
|
·
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Launched Attunity Replicate for PostgreSQL, a leading open-source database with rapidly growing market adoption
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·
|
Total non-GAAP revenue increased 37% to $13.0 million
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·
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Total revenue increased 36% to $12.7 million
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·
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Non-GAAP net income of $0.4 million, compared with non-GAAP net income of $1.1 million for the third quarter of 2014
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·
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Generated positive cash flow from operations of $0.4 million
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Page
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2-3
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4
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5
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6-9
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September 30,
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December 31,
|
|||||||
2015
|
2014
|
|||||||
Unaudited
|
Audited
|
|||||||
ASSETS
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||||||||
CURRENT ASSETS:
|
||||||||
Cash and cash equivalents
|
11,786 | 18,959 | ||||||
Restricted cash
|
- | 430 | ||||||
Trade receivables (net of allowance for doubtful accounts of $15 at September 30, 2015 and December 31, 2014)
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4,656 | 5,991 | ||||||
Other accounts receivable and prepaid expenses
|
1,448 | 453 | ||||||
Total current assets
|
17,890 | 25,833 | ||||||
Severance pay fund
|
3,427 | 3,247 | ||||||
Property and equipment, net
|
1,174 | 980 | ||||||
Goodwill and intangible assets, net
|
41,004 | 22,869 | ||||||
Other assets
|
159 | 577 | ||||||
Total long-term assets
|
45,764 | 27,673 | ||||||
Total assets
|
63,654 | 53,506 |
September 30,
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December 31,
|
|||||||
2015
|
2014
|
|||||||
Unaudited
|
Audited
|
|||||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
CURRENT LIABILITIES:
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||||||||
Trade payables
|
$ | 478 | $ | 322 | ||||
Payment obligation related to acquisitions
|
2,526 | 2,278 | ||||||
Deferred revenues
|
9,532 | 7,091 | ||||||
Employees and payroll accruals
|
4,361 | 3,023 | ||||||
Accrued expenses and other current liabilities
|
1,197 | 1,551 | ||||||
Total current liabilities
|
18,094 | 14,265 | ||||||
LONG-TERM LIABILITIES:
|
||||||||
Long-term deferred revenue
|
776 | 576 | ||||||
Liabilities presented at fair value and other long-term liabilities
|
1,959 | 1,004 | ||||||
Payment obligation related to acquisitions
|
1,899 | 2,208 | ||||||
Accrued severance pay
|
4,604 | 4,296 | ||||||
Total long-term liabilities
|
9,238 | 8,084 | ||||||
SHAREHOLDERS' EQUITY:
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||||||||
Share capital - Ordinary shares of NIS 0.4 par value -
|
||||||||
Authorized: 32,500,000 shares at September 30, 2015 and December 31, 2014; Issued and outstanding: 16,471,460 shares at September 30, 2015 and 15,375,716 shares at December 31, 2014
|
1,868 | 1,772 | ||||||
Additional paid-in capital
|
143,286 | 133,931 | ||||||
Accumulated other comprehensive loss
|
(1,125 | ) | (871 | ) | ||||
Accumulated deficit
|
(107,707 | ) | (103,675 | ) | ||||
Total shareholders' equity
|
36,322 | 31,157 | ||||||
Total liabilities and shareholders' equity
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$ | 63,654 | $ | 53,506 |
Nine months ended
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Three months ended
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|||||||||||||||
September 30,
|
September 30,
|
|||||||||||||||
2015
|
2014
|
2015
|
2014
|
|||||||||||||
Unaudited
|
Unaudited
|
|||||||||||||||
Software licenses
|
$ | 19,328 | $ | 13,459 | $ | 6,968 | $ | 5,530 | ||||||||
Maintenance and services
|
16,026 | 11,312 | 5,778 | 3,868 | ||||||||||||
Total revenue
|
35,354 | 24,771 | 12,746 | 9,398 | ||||||||||||
Operating expenses:
|
||||||||||||||||
Cost of revenues
|
5,155 | 2,315 | 1,912 | 843 | ||||||||||||
Research and development
|
7,983 | 7,102 | 3,090 | 2,265 | ||||||||||||
Selling and marketing
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21,146 | 13,743 | 7,861 | 4,883 | ||||||||||||
General and administrative
|
3,787 | 2,924 | 1,151 | 1,036 | ||||||||||||
Total operating expenses
|
38,071 | 26,084 | 14,014 | 9,027 | ||||||||||||
Operating loss
|
(2,717 | ) | (1,313 | ) | (1,268 | ) | 371 | |||||||||
Financial expenses, net
|
744 | 316 | 509 | 127 | ||||||||||||
Loss before taxes on income
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(3,461 | ) | (1,629 | ) | (1,777 | ) | 244 | |||||||||
Taxes on income
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571 | 8 | 130 | (34 | ) | |||||||||||
Net loss
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$ | (4,032 | ) | $ | (1,637 | ) | $ | (1,907 | ) | $ | 278 | |||||
Basic and diluted net loss per share
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$ | (0.25 | ) | $ | (0.11 | ) | $ | (0.12 | ) | $ | 0.02 | |||||
Weighted average number of shares used in computing basic and diluted net loss per share
|
16,075 | 14,950 | 16,421 | 15,179 |
Nine months ended
September 30,
|
||||||||
2015
|
2014
|
|||||||
Unaudited
|
||||||||
Cash flows activities:
|
||||||||
Net loss
|
$ | (4,032 | ) | $ | (1,637 | ) | ||
Adjustments required to reconcile net loss to net cash provided by operating activities:
|
||||||||
Depreciation
|
300 | 255 | ||||||
Stock based compensation
|
1,832 | 1,083 | ||||||
Amortization of intangible assets
|
2,073 | 887 | ||||||
Accretion of payment obligations
|
377 | 512 | ||||||
Change in:
|
||||||||
Accrued severance pay, net
|
128 | 63 | ||||||
Trade receivables
|
1,335 | 1,347 | ||||||
Other accounts receivable and prepaid expenses
|
(698 | ) | 161 | |||||
Other long term assets
|
(28 | ) | (1 | ) | ||||
Trade payables
|
113 | 87 | ||||||
Deferred revenues
|
2,132 | 1,318 | ||||||
Employees and payroll accruals
|
1,286 | (1,130 | ) | |||||
Accrued expenses and other liabilities
|
(373 | ) | 91 | |||||
Change in liabilities presented at fair value and other long-term liabilities
|
156 | (391 | ) | |||||
Tax benefits related to exercise of stock options
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(135 | ) | - | |||||
Change in deferred taxes, net
|
(204 | ) | (203 | ) | ||||
Net cash provided by operating activities
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4,262 | 2,442 | ||||||
Cash flows from investing activities:
|
||||||||
Purchase of property and equipment
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(427 | ) | (395 | ) | ||||
Decrease (Increase) in restricted cash
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430 | (850 | ) | |||||
Acquisition of company, net of cash acquired
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(10,402 | ) | - | |||||
Net cash used in investing activities
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(10,399 | ) | (1,245 | ) | ||||
Cash flows from financing activities:
|
||||||||
Proceeds from exercise of stock options, warrants and rights
|
885 | 695 | ||||||
Tax benefits related to exercise of stock options
|
135 | - | ||||||
Payment of contingent consideration
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(2,054 | ) | - | |||||
Net cash provided by (used in) financing activities
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(1,034 | ) | 695 | |||||
Foreign currency translation adjustments on cash and cash equivalents
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(2 | ) | 51 | |||||
Increase (decrease) in cash and cash equivalents
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(7,173 | ) | 1,943 | |||||
Cash and cash equivalents at the beginning of the period
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18,959 | 16,481 | ||||||
Cash and cash equivalents at the end of the period
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11,786 | 18,424 | ||||||
Supplemental disclosure of cash flow activities:
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||||||||
Cash paid during the period for taxes
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$ | 1,327 | $ | 417 | ||||
Non cash activities:
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||||||||
Issuance of shares related to acquisition
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$ | 6,599 | - |
Three months ended September 30, 2015
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Three months ended September 30, 2014
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|||||||||||||||||||||||||
Unaudited
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Unaudited
|
|||||||||||||||||||||||||
GAAP
|
Adj.
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NON-GAAP
|
GAAP
|
Adj.
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NON-GAAP
|
|||||||||||||||||||||
Software licenses
|
6,968 | 6,968 | 5,530 | 5,530 | ||||||||||||||||||||||
Maintenance and services
|
5,778 | 240 |
(a)
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6,018 | 3,868 | 94 |
(a)
|
3,962 | ||||||||||||||||||
Total revenue
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12,746 | 12,986 | 9,398 | 9,492 | ||||||||||||||||||||||
Operating expenses:
|
||||||||||||||||||||||||||
Cost of revenues
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1,912 | 696 |
(b)
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1,216 | 843 | 215 |
(b)
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628 | ||||||||||||||||||
Research and development
|
3,090 | 333 |
(b), (c)
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2,757 | 2,265 | 119 |
(c)
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2,146 | ||||||||||||||||||
Selling and marketing
|
7,861 | 825 |
(b), (c)
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7,036 | 4,883 | 257 |
(b), (c)
|
4,626 | ||||||||||||||||||
General and administrative
|
1,151 | 196 |
(c)
|
955 | 1,036 | 110 |
(c)
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926 | ||||||||||||||||||
Total operating expenses
|
14,014 | 11,964 | 9,027 | 8,326 | ||||||||||||||||||||||
Operating income (loss)
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(1,268 | ) | 1,022 | 371 | 1,166 | |||||||||||||||||||||
Financial expenses net
|
509 | 362 |
(d)
|
147 | 127 | 31 |
(d)
|
96 | ||||||||||||||||||
Income (loss) before taxes on income
|
(1,777 | ) | 875 | 244 | 1,070 | |||||||||||||||||||||
Taxes on income
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130 | (320 | ) |
(e)
|
450 | (34 | ) | (46 | ) |
(e)
|
12 | |||||||||||||||
Net income (loss)
|
(1,907 | ) | 425 | 278 | 1,058 | |||||||||||||||||||||
Diluted net income (loss) per share
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(0.12 | ) | 0.02 | 0.02 | 0.07 | |||||||||||||||||||||
Weighted average number of shares used in computing diluted net income (loss) per share
|
16,421 | 17,278 | 15,837 | 15,862 |
(a) Valuation adjustment on acquired deferred maintenance revenue
|
||||||||||||||||||||||
(b) Acquisition-related compensation expenses and amortization of intangible assets:
|
Three months ended September 30, | ||||||||
2015
|
2014
|
|||||||
Cost of revenues
|
696 | 215 | ||||||
Research and development
|
100 | - | ||||||
Selling and marketing
|
393 | 81 | ||||||
1,189 | 296 |
(c) Stock-based compensation expenses under ASC 718 included in:
|
Three months ended, September 30,
|
||||||||
2015
|
2014
|
|||||||
Research and development
|
233 | 119 | ||||||
Selling and marketing
|
432 | 176 | ||||||
General and administrative
|
196 | 110 | ||||||
861 | 405 |
(d) Accretion of payment obligations and revaluation of liabilities presented at fair value:
|
Three months ended, September 30,
|
||||||||
2015
|
2014
|
|||||||
Revaluation of liabilities presented at fair value
|
116 | (140 | ) | |||||
Accretion of payment obligations
|
246 | 171 | ||||||
362 | 31 |
(e) Taxes related to acquisitions
|
Nine months ended September 30, 2015
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Nine months ended September 30, 2014
|
|||||||||||||||||||||||||
Unaudited
|
Unaudited
|
|||||||||||||||||||||||||
GAAP
|
Adj.
|
NON-GAAP
|
GAAP
|
Adj.
|
NON-GAAP
|
|||||||||||||||||||||
Software licenses
|
19,328 | 19,328 | 13,459 | 13,459 | ||||||||||||||||||||||
Maintenance and services
|
16,026 | 586 |
(a)
|
16,612 | 11,312 | 284 |
(a)
|
11,596 | ||||||||||||||||||
Total revenue
|
35,354 | 35,940 | 24,771 | 25,055 | ||||||||||||||||||||||
Operating expenses:
|
||||||||||||||||||||||||||
Cost of revenues
|
5,155 | 1,823 |
(b)
|
3,332 | 2,315 | 643 |
(b)
|
1,672 | ||||||||||||||||||
Research and development
|
7,983 | 667 |
(b), (c)
|
7,316 | 7,102 | 311 |
(c)
|
6,791 | ||||||||||||||||||
Selling and marketing
|
21,146 | 1,771 |
(b), (c)
|
19,375 | 13,743 | 717 |
(b), (c)
|
13,026 | ||||||||||||||||||
General and administrative
|
3,787 | 1,062 |
(b), (c)
|
2,725 | 2,924 | 299 |
(c)
|
2,625 | ||||||||||||||||||
Total operating expenses
|
38,071 | 32,748 | 26,084 | 24,114 | ||||||||||||||||||||||
Operating income (loss)
|
(2,717 | ) | 3,192 | (1,313 | ) | 941 | ||||||||||||||||||||
Financial expenses, net
|
744 | 554 |
(d)
|
190 | 316 | 119 |
(d)
|
197 | ||||||||||||||||||
Income (loss) before taxes on income
|
(3,461 | ) | 3,002 | (1,629 | ) | 744 | ||||||||||||||||||||
Taxes on income
|
571 | (702 | ) |
(e)
|
1,273 | 8 | (225 | ) |
(e)
|
233 | ||||||||||||||||
Net income (loss)
|
(4,032 | ) | 1,729 | (1,637 | ) | 511 | ||||||||||||||||||||
Diluted net income (loss) per share
|
(0.25 | ) | 0.10 | (0.11 | ) | 0.03 | ||||||||||||||||||||
Weighted average number of shares used in computing diluted net income (loss) per share
|
16,075 | 16,834 | 14,950 | 15,832 |
(a) Valuation adjustment on acquired deferred maintenance revenue
|
|||||||||
(b) Acquisition-related costs, compensation expenses and amortization of intangible assets:
|
Nine months ended September 30,
|
||||||||
2015
|
2014
|
|||||||
Cost of revenues
|
1,823 | 643 | ||||||
Research and development
|
214 | - | ||||||
Selling and marketing
|
893 | 244 | ||||||
General and administrative
|
561 | - | ||||||
3,491 | 887 |
(c) Stock-based compensation expenses under ASC 718 included in:
|
Nine months ended September 30,
|
||||||||
2015
|
2014
|
|||||||
Research and development
|
453 | 311 | ||||||
Selling and marketing
|
878 | 473 | ||||||
General and administrative
|
501 | 299 | ||||||
1,832 | 1,083 |
(d) Accretion of payment obligations and revaluation of liabilities presented at fair value:
|
Nine months ended September 30,
|
||||||||
2015
|
2014
|
|||||||
Revaluation of liabilities presented at fair value
|
175 | (393 | ) | |||||
Accretion of payment obligations
|
379 | 512 | ||||||
554 | 119 | |||||||
(e) Taxes related to acquisitions
|
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