Press Release
Press Release
AXS-One Reports Financial Results
|
|
RUTHERFORD, N.J., May 11, 2006 / PRNewswire-FirstCall / -- AXS-One Inc. (Amex: AXO) , a leading provi der of high performance Records Compliance Management (RCM) software solutions today announced its financial results for the first quarter ended March 31, 2006 . Total revenues for the first quarter were $7.5 million, a decrease of 7.0 percent, compared with revenues of $8.1 million in the first quarter of 2005. License revenues for the first quarter were $1.0 million, unchanged from $1.0 million in the first quarter of 2005. Total expenses decreased 8.1 percent to $10.2 million compared to $11.1 million in the first quarter of 2005. The Company reported a net loss of $2.7 million for the first quarter, or $(0.08) per diluted share compared to a net loss of $3.2 million, or $(0.11) per diluted share in the first quarter of last year. “During the past few months, we have experienced an increase in license deal closures and believe that our growth prospects for 2006 remain strong,” said Bill Lyons , chairman and CEO of AXS-One. “We are witnessing significantly improved activity as a result of the partner programs we initiated at the beginning of this year, fueling our confidence going forward. During the first quarter of 2006, we closed a number of deals with Sun, a clear sign that this partnership is now delivering on its revenue opportunity. Since the beginning of April, we have experienced even more activity with Sun and our other partners world wide, providing further evidence that our sales model is gaining momentum and thus creating a foundation for future success.” Highlights from the First Quarter include:
Conference call information Management will conduct a conference call to discuss these results at 4:30 p.m. Eastern on May 11, 2006 . Interested parties can participate in the call by dialing 706-645-0399 or can access the webcast at www.axsone.com . The webcast will be archived for 30 days following the call. Interested parties may submit questions that they would like answered during the conference call by e-mail to info@axsone.com . Interested parties may listen to the call via a live CCBN webcast that will be available via the company website www.axsone.com. Interested parties should access the webcast approximately 10-15 minutes before the scheduled start time. About AXS-One Inc. AXS-One (AMEX: AXO) is a leading provider of high performance Records Compliance Management solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. AXS-One's technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford , NJ , AXS-One has offices worldwide including in the United States , Australia , Singapore , United Kingdom and South Africa . For further information, visit the AXS-One website at http://www.axsone.com. AXS-One, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and AXS-One Compliance Platform, AXS-One Retention Manager, “The Records Compliance Management Company”, e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, AXS-Link and Tivity are trademarks of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies. Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to return to profitability in 2006; our ability to grow license and service revenue in 2006; potential vulnerability to technological obsolescence; the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in AXO's Securities and Exchange Commission filings. -Tables Follow-
Company Contact: IR Contact: |
 |