GlobalSCAPE Announces Results for the Quarter and Six Months Ending June 30, 2008
20 8월 2008 - 6:07AM
Business Wire
GlobalSCAPE,�Inc. (AMEX: GSB) a leading developer of file centric
software for the Internet, announced its financial results today
for the quarter and six months ended June 30, 2008. Revenue for the
three months and six months ended June 30, 2008 were $4,213,066 and
$8,268,885, respectively. This compares to revenue of $6,418,025
and $10,041,172, respectively, for the three and six months ended
June 30, 2007. The decrease was largely due to a non-recurrent sale
to the U.S. Army for approximately $2.8 million that occurred
during the second quarter of 2007. Were it not for this
non-recurring sale, revenue for the three month period ended June
30, 2008 would have increased by $595,000 and by $1,027,000 for the
six months ended June 30, 2008. In addition, net income for the
three and six months ended June 30, 2008 were $292,319 and
$444,253, respectively. This compares to net income of $2,114,876
and $2,588,092, respectively, for the three and six months ended
June 30, 2007. Were it not for the U.S. Army non-recurring sale,
net income for the three month period ended June 30, 2008 would
have increased by $32,247 and decreased by $300,279 for the six
months ended June 30, 2008. With respect to its recent 8-K filing
announcing a restatement of its 2007 and first quarter 2008 results
GlobalSCAPE stated that the restatements were the result of errors
in the calculation of deferred taxes. While these restatements
resulted in a decrease in net income for both periods, it also
resulted in a tax refund due to the Company of $817,343. David L.
Mann, GlobalSCAPE�s interim President stated, �While we continue to
seek large non-recurrent sales like the sale to the U.S. Army, we
believe that the continued growth in our core business is critical
to our success. We are pleased that our core business has continued
to grow even in a difficult environment. We continue to believe
that our efforts in introducing new products will begin to bear
fruit in the fourth quarter of this year.� About GlobalSCAPE
GlobalSCAPE, a provider of Global Managed File Transfer (MFT)
solutions and wide-area file services (WAFS) technologies, delivers
a modular approach to solving the enterprise challenges of
security, bandwidth, latency and regulatory compliance.
GlobalSCAPE�s products securely and efficiently move files such as
financial data, medical records, customer files, intellectual
property, and other sensitive documents of any size between supply
chain partners and branch offices. GlobalSCAPE�s products are used
by mid-sized and large enterprise companies, including virtually
all of the Fortune 100, leading technology, banking, healthcare,
and public sector organizations. Headquartered in San Antonio, TX.,
GlobalSCAPE is also the developer of CuteFTP, the most popular file
transfer protocol application on the market. For more information
on our risk-free purchase options, visit www.globalscape.com or
call 800-290-5054 (US) or 210-308-8267 (international). Safe Harbor
Statement This press release contains forward-looking statements
within the meaning of Section�27A of the Securities Act of 1933 and
Section�21E of the Securities Exchange Act of 1934. The words
�would,� �exceed,� �should,� �steady,� �dramatic,� and variations
of such words and similar expressions identify forward-looking
statements, but their absence does not mean that a statement is not
a forward-looking statement. These forward-looking statements are
based upon the Company�s current expectations and are subject to a
number of risks, uncertainties and assumptions. The Company
undertakes no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to
differ significantly from those expressed or implied by such
forward-looking statements are risks that are detailed in the
Company�s Annual Report on Form�10-K for the 2007 calendar year,
filed on March�26, 2008 with the Securities and Exchange
Commission.
Globalscape (AMEX:GSB)
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