eGain Announces Fiscal 2012 Third Quarter Financial Results - Page 4

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Tuesday, May 8th 2012
New Bookings Up 98% From Year Ago Third Quarter; New Hosting Bookings Up 186% From Year Ago Third Quarter; Total Revenue of $11.5 Million Up 29% From Year Ago Third Quarter
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                      eGain Communications Corporation
                   Condensed Consolidated Balance Sheets
                   (in thousands, except par value data)

                                                 March 31,       June 30,
                                                    2012           2011
                                               -------------  -------------
                                                (Unaudited)
ASSETS

Current assets:
  Cash and cash equivalents                    $      11,159  $      12,424
  Short term investments                                   -            633
  Current portion of restricted cash                      37             39
  Accounts receivable, net                             5,823          8,197
  Prepaid and other current assets                       692            553
                                               -------------  -------------
    Total current assets                              17,711         21,846

Property and equipment, net                            1,912          1,015
Goodwill                                               4,880          4,880
Restricted cash, net of current portion                1,000              -
Other assets                                             769            483
                                               -------------  -------------
    Total assets                               $      26,272  $      28,224
                                               =============  =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                             $       1,234  $         924
  Accrued compensation                                 2,865          3,279
  Accrued liabilities                                  1,300          1,911
  Capital lease obligation                                 -             28
  Related party notes payable                          5,453          4,975
  Current portion of deferred revenue                  6,012          5,215
  Current portion of bank borrowings                   1,667          1,667
                                               -------------  -------------
    Total current liabilities                         18,531         17,999

Deferred revenue, net of current portion                 369            609
Bank borrowings, net of current portion                2,083          3,333
Other long term liabilities                              261            271
                                               -------------  -------------
    Total liabilities                                 21,244         22,212

Stockholders' equity:
  Common stock                                            24             24
  Additional paid-in capital                         326,221        325,569
  Notes receivable from stockholders                     (83)           (82)
  Accumulated other comprehensive loss                  (935)          (800)
  Accumulated deficit                               (320,199)      (318,699)
                                               -------------  -------------
    Total stockholders' equity                         5,028          6,012
                                               -------------  -------------
    Total liabilities and stockholders' equity $      26,272  $      28,224
                                               =============  =============


                      eGain Communications Corporation
              Condensed Consolidated Statements of Operations
                  (in thousands, except per share amounts)
                                (unaudited)

                                  Three Months Ended     Nine Months Ended
                                       March 31,             March 31,
                                 --------------------  --------------------
                                    2012       2011       2012       2011
                                 ---------  ---------  ---------  ---------

Revenue:
  License                        $   2,849  $   1,702  $   8,767  $  11,739
  Recurring revenue                  5,785      5,162     17,292     14,848
  Professional services              2,873      2,051      6,669      4,890
                                 ---------  ---------  ---------  ---------
    Total revenue                   11,507      8,915     32,728     31,477
  Cost of license                       10         14         (1)        36
  Cost of recurring revenue          1,339      1,359      3,896      3,879
  Cost of professional services      2,116      1,412      5,626      4,120
                                 ---------  ---------  ---------  ---------
    Gross profit                     8,042      6,130     23,207     23,442
                                 ---------  ---------  ---------  ---------

Operating expenses:
  Research and development           1,566      1,308      4,372      4,065
  S  
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