eGain Announces Fiscal 2012 Third Quarter Financial Results - Page 4
Marketwire
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
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
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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
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Total assets $ 26,272 $ 28,224
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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
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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
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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)
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Total stockholders' equity 5,028 6,012
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Total liabilities and stockholders' equity $ 26,272 $ 28,224
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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
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