BURLINGTON, Massachusetts, Nov. 2, 2017
/PRNewswire/ -- Attunity Ltd. (NasdaqCM: ATTU), a leading
provider of data integration and Big Data management software
solutions, today reported its unaudited financial results for the
three-month period ended September 30,
2017.
"We continued to see an increasing demand for our innovative
solutions from customers and partners in the growing Big Data and
cloud markets. This demand has resulted in a strong third quarter
during which license revenue and total revenue grew 45% and 27%,
respectively," stated Shimon Alon,
Chairman and CEO of Attunity. "We are also seeing a growing
customer need for data lake, cloud and SAP solutions, and continue
to see Attunity's platform selected by large global
corporations."
"As we focus on driving our business forward, we announced this
morning a strategic new hire to enhance our management team.
Mark Logan will join the Attunity
team as our new Chief Operating Officer. Mark is an experienced
leader with a proven track record of revenue growth and enterprise
value. We are excited to have him join our leadership team to take
us to the next stage of accelerated growth for the Company,"
concluded Mr. Alon.
Recent Operational Highlights
- Appointed Mark Logan as new
Chief Operating Officer, effective November
20, 2017
- Closed multiple agreements for Attunity Replicate and Compose
for Hive, including a $1.0 million deal with a global
financial services company
- Launched Replicate for Microsoft Migrations, a collaboration
with Microsoft
- Announced v6 of our Modern Data Integration Platform
- Recognized by Gartner for the second year in a row as a
Challenger in the 2017 Magic Quadrant for Data Integration
Tools
Financial Highlights for the Third Quarter of 2017, compared
with the Third Quarter of 2016
- Total revenue was $16.5 million,
compared with $13.0 million
- Operating profit was $0.1
million, compared with an operating loss of $4.1 million
- Non-GAAP operating profit was $1.5
million, compared with an operating loss of $0.5 million*
- Net loss of $0.4 million,
compared with a net loss of $4.0
million
- Non-GAAP net income of $0.8
million, compared with non-GAAP net loss of $1.7 million*
Attunity v6 – Technology
In September 2017, Attunity
launched a major new release of its data integration platform. The
new release includes Attunity Replicate 6.0 along with new versions
of Attunity Compose for Hive and Attunity Enterprise Manager
(AEM). The Attunity v6 data integration platform uniquely
accommodates these needs with the addition of many capabilities
including:
- Expanded cloud data integration for migration and
analytics
- Enhanced performance for Hadoop data ingestion and Oracle
environments
- Universal database stream generation to support streaming
enterprise architectures
- Secure management of data pipelines with global role-based
access control and auditing
- AEM Analytics, providing trend analysis on system resource
utilization and performance monitoring in large-scale
environments
Financial Results for Q3 2017
Total revenue for the third quarter of 2017 was $16.5 million, compared with $13.0 million for the same period in 2016. This
includes license revenue of $9.2
million, which grew 45% compared with $6.3 million for the same period in 2016, and
maintenance and service revenue, which grew 10% to $7.3 million, compared with $6.6 million for the same period in 2016. License
revenue includes approximately $3.0
million recognized from a previously announced strategic OEM
licensing agreement with a top information technology company.
Operating expenses for the third quarter of 2017 decreased 4% to
$16.4 million, compared with
$17.0 million for the same period in
2016.
Non-GAAP operating expenses for the third quarter of 2017
increased 12% to $15.0 million,
compared with $13.5 million for the
same period in 2016. Non-GAAP operating expenses exclude
approximately $1.3 million in
equity-based compensation expenses and amortization associated with
acquisitions, compared with an approximately $2.0 million charge for partial impairment of
acquired technology associated with the Appfluent acquisition and
$1.6 million in equity-based
compensation expenses and amortization associated with acquisitions
for the same period in 2016.*
Operating profit for the third quarter of 2017 was $0.1 million, compared with an operating loss of
$4.1 million for the same period in
2016.
Non-GAAP operating profit was $1.5
million for the third quarter of 2017, compared with
non-GAAP operating loss of $0.5
million for the same period in 2016. Non-GAAP operating
profit excludes a total of $1.3
million in equity-based compensation expenses and
amortization associated with acquisitions, compared with an
approximately $2.0 million charge for
partial impairment of acquired technology associated with the
Appfluent acquisition and $1.6
million in equity-based compensation expenses and
amortization associated with acquisitions for the same period in
2016.*
Net loss for the third quarter of 2017 was $0.4 million, or ($0.03) per diluted share, compared with a net
loss of $4.0 million, or ($0.24) per diluted share, in the third quarter
of 2016.
Non-GAAP net income for the third quarter of 2017 was
$0.8 million, or $0.04 per diluted share, compared with a non-GAAP
net loss of $1.7 million, or
($0.10) per diluted share, for the
same period in 2016. Non-GAAP net loss excludes approximately
$1.2 million in equity-based
compensation expenses, amortization associated with acquisitions
and tax benefits related to non-GAAP adjustments, compared with
approximately $2.3 million in partial
impairment of acquired technology associated with the Appfluent
acquisition, equity-based compensation expenses and amortization
associated with acquisitions, including tax benefits related to
non-GAAP adjustments of $1.2 million,
for the same period in 2016.*
Cash and cash equivalents were $7.3
million as of September 30,
2017, compared with $10.0
million as of June 30, 2017.
Cash and cash equivalents at the end of the third quarter of 2017
were mainly impacted by $1.6 million
used in operating activities.
Shareholders' equity as of September 30,
2017 increased to $30.5
million, compared with $29.8
million as of June 30,
2017.
Conference Call and Webcast Information
The Company will host a conference call with the investment
community on Thursday, November 2nd at 8:30
a.m. Eastern Time featuring remarks by Shimon Alon, Chairman
and CEO, Dror Harel-Elkayam, CFO,
and Itamar Ankorion, CMO of Attunity. The dial-in numbers for the
conference call are +1-800-967-7134 (U.S. Toll Free), +1 80 925
8243 (Israel), or +1-719-325-2339
(International). All dial-in participants must use the following
code to access the call: 5157422.
Please call at least five minutes before the scheduled start
time. The conference call will also be available via webcast,
which can be accessed through the Investor Relations section of
Attunity's website, ir.attunity.com. Please allow extra time
prior to the call to visit the site and download any necessary
software to listen to the live broadcast.
For interested individuals unable to join the conference call, a
replay of the call will be available through November 16,
2017, at +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671
(International). Participants must use the following code to access
the replay of the call: 5157422. The online archive of the webcast
will be available on ir.attunity.com/events for 30 days
following the call.
About Attunity
Attunity is a leading
provider of data integration and Big Data management software
solutions that enable availability, delivery, and, management of
data across heterogeneous enterprise platforms, organizations,
and the Cloud. Our software solutions include data
replication and distribution, test data
management, change data capture (CDC), data
connectivity, enterprise file
replication (EFR), managed file
transfer (MFT), data warehouse automation, data
usage analytics, and cloud data delivery.
Attunity has supplied innovative software solutions to its
enterprise-class customers for over 20 years and has successful
deployments at thousands of organizations
worldwide. Attunity provides software directly and
indirectly through a number of partners such
as Microsoft, Oracle, IBM and Hewlett
Packard Enterprise. Headquartered
in Boston, Attunity serves its customers via offices
in North America, Europe, and Asia Pacific and
through a network of local partners. For more information,
visit http://www.attunity.com or
our blog and join our communities
on Twitter, Facebook, LinkedIn and YouTube.
(*) Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with U.S.
generally accepted accounting principles, or GAAP, Attunity uses
Non-GAAP measures of net income (loss), operating expenses,
operating profit (loss), and diluted net income (loss) per share,
which are adjusted from results based on GAAP to exclude
amortization and impairment charges associated with the
acquisitions, stock-based compensation expenses, non-cash financial
expenses, such as the effect of a revaluation of liabilities
presented at fair value and accretion of payment obligations, and
tax benefits related to non-GAAP adjustments. Attunity's management
believes the non-GAAP financial information provided in this
release is useful to investors' understanding and assessment of
Attunity's on-going core operations and prospects for the future.
Management uses both GAAP and non-GAAP information in evaluating
and operating its business internally and as such has determined
that it is important to provide this information to investors. The
presentation of this non-GAAP financial information is not intended
to be considered in isolation or as a substitute for results
prepared in accordance with GAAP. For further details, see
the Reconciliation of Supplemental Non-GAAP Financial Information
table later in this press release.
Important Note: Attunity is not
responsible for the awards mentioned in this press release or the
entities that award them.
Safe Harbor Statement
This press release contains forward-looking statements,
including statements regarding the anticipated features and
benefits of Replicate Solutions, within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995 and other Federal Securities laws. Statements preceded by,
followed by, or that otherwise include the words "believes",
"expects", "anticipates", "intends", "estimates", "plans", and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. For example, when we discuss
the demand for our products and expectations regarding future
growth, we are using forward-looking statements. In addition,
announced results for the third quarter of 2017 are
preliminary, unaudited and subject to year-end audit adjustment.
Because such statements deal with future events, they are subject
to various risks and uncertainties and actual results, expressed or
implied by such forward-looking statements, could differ materially
from Attunity's current expectations. Factors that could cause or
contribute to such differences include, but are not limited to,
risks and uncertainties relating to: our history of operating
losses and ability to achieve or sustain profitability; our ability
to manage our growth effectively; our business and operating
results dependency on the successful and timely implementation of
our third party partner solutions; the lengthy sales cycle of our
products; competition; acquisitions, including costs and
difficulties related to integration of acquired businesses and
impairment charges; global economic conditions; the potential loss
of one or more of our significant customers or a decline in demand
from one or more of these customers; timely availability and
customer acceptance of Attunity's new and existing products,
including Attunity Compose and Attunity Visibility; international
operations; our need and ability to raise capital; and other
factors and risks on which Attunity may have little or no control.
This list is intended to identify only certain of the principal
factors that could cause actual results to differ. For a more
detailed description of the risks and uncertainties affecting
Attunity, reference is made to Attunity's latest Annual Report on
Form 20-F (as amended) which is on file with the Securities and
Exchange Commission (SEC) and the other risk factors discussed from
time to time by Attunity in reports filed with, or furnished to,
the SEC. Except as otherwise required by law, Attunity undertakes
no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
The contents of any website or hyperlinks mentioned in this
press release are for informational purposes and the contents
thereof are not part of this press release.
© Attunity 2017. All Rights Reserved. Attunity is a registered
trademark of Attunity Inc. All other product and company names
herein may be trademarks of their respective owners.
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
U.S. dollars in
thousands
|
|
|
|
|
|
|
|
|
September
30,
|
|
December
31,
|
|
|
|
2017
|
|
2016
|
|
|
|
|
|
|
|
|
|
Unaudited
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
7,293
|
$
|
9,166
|
|
Trade receivables
(net of allowance for doubtful accounts of $15
at September 30, 2017 and December 31, 2016)
|
|
8,536
|
|
7,031
|
|
Other accounts
receivable and prepaid expenses
|
|
1,307
|
|
663
|
|
|
|
|
|
|
|
Total current
assets
|
$
|
17,136
|
$
|
16,860
|
|
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
|
Other
assets
|
|
153
|
|
155
|
|
Deferred
taxes
|
|
1,978
|
|
2,340
|
|
Severance pay
fund
|
|
4,311
|
|
3,770
|
|
Property and
equipment, net
|
|
1,267
|
|
1,214
|
|
Intangible assets,
net
|
|
1,768
|
|
2,778
|
|
Goodwill
|
|
30,929
|
|
30,929
|
|
Total long-term
assets
|
$
|
40,406
|
$
|
41,186
|
|
|
|
|
|
|
|
Total
assets
|
$
|
57,542
|
$
|
58,046
|
|
|
|
|
|
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
U.S. dollars in
thousands, except share and per share data
|
|
|
|
|
|
|
|
September
30,
|
|
December
31,
|
|
|
2017
|
|
2016
|
|
|
|
|
|
|
|
Unaudited
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
|
|
|
|
Trade
payables
|
$
|
948
|
$
|
375
|
Payment obligation
related to acquisitions
|
|
-
|
|
271
|
Deferred
revenues
|
|
11,381
|
|
10,676
|
Employees and payroll
accruals
|
|
4,444
|
|
4,741
|
Accrued expenses and
other current liabilities
|
|
1,978
|
|
2,021
|
Liability presented
at fair value
|
|
300
|
|
-
|
|
|
|
|
|
Total current
liabilities
|
|
19,051
|
|
18,084
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Other
liabilities
|
|
304
|
|
277
|
Deferred
revenues
|
|
1,805
|
|
1,438
|
Liability presented
at fair value
|
|
-
|
|
512
|
Accrued severance
pay
|
|
5,857
|
|
5,027
|
|
|
|
|
|
Total long-term
liabilities
|
|
7,966
|
|
7,254
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY:
|
|
|
|
|
Share capital -
Ordinary shares of NIS 0.4 par value -
|
|
1,955
|
|
1,921
|
Authorized:
32,500,000 shares at September 30, 2017 and
December 31, 2016; Issued and outstanding 17,147,011 shares at
September 30, 2017 and 16,841,238 shares at December 31,
2016
|
|
|
|
|
Additional paid-in
capital
|
|
152,754
|
|
149,716
|
Accumulated other
comprehensive loss
|
|
(1,175)
|
|
(1,013)
|
Accumulated
deficit
|
|
(123,009)
|
|
(117,916)
|
|
|
|
|
|
Total
shareholders' equity
|
|
30,525
|
|
32,708
|
|
|
|
|
|
Total
liabilities and shareholders' equity
|
$
|
57,542
|
$
|
58,046
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
U.S. dollars and
shares in thousands, except per share data
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
|
Nine months
ended
|
|
|
September
30,
|
|
|
September
30,
|
|
|
2017
|
|
2016
|
|
|
2017
|
|
2016
|
|
|
Unaudited
|
|
|
Unaudited
|
Revenues:
|
|
|
|
|
|
|
|
|
|
Software
licenses
|
$
|
9,189
|
$
|
6,323
|
|
$
|
22,353
|
$
|
19,862
|
Maintenance and
services
|
|
7,290
|
|
6,629
|
|
|
21,470
|
|
19,062
|
|
|
|
|
|
|
|
|
|
|
Total
revenues
|
|
16,479
|
|
12,952
|
|
|
43,823
|
|
38,924
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
2,703
|
|
2,292
|
|
|
7,228
|
|
6,671
|
Research and
development
|
|
3,674
|
|
3,284
|
|
|
10,473
|
|
10,076
|
Selling and
marketing
|
|
8,527
|
|
8,177
|
|
|
25,182
|
|
26,024
|
General and
administrative
|
|
1,464
|
|
1,293
|
|
|
3,965
|
|
3,601
|
Impairment of
acquisition-related
intangible assets
|
|
-
|
|
1,990
|
|
|
-
|
|
4,122
|
Total operating
expenses
|
|
16,368
|
|
17,036
|
|
|
46,848
|
|
50,494
|
|
|
|
|
|
|
|
|
|
|
Operating profit
(loss)
|
|
111
|
|
(4,084)
|
|
|
(3,025)
|
|
(11,570)
|
|
|
|
|
|
|
|
|
|
|
Financial (expenses)
income, net
|
|
20
|
|
(75)
|
|
|
(37)
|
|
5
|
|
|
|
|
|
|
|
|
|
|
Profit (loss) before
income taxes
|
|
131
|
|
(4,159)
|
|
|
(3,062)
|
|
(11,565)
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit
(taxes on
income)
|
|
(559)
|
|
160
|
|
|
(2,031)
|
|
1,117
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
$
|
(428)
|
$
|
(3,999)
|
|
$
|
(5,093)
|
$
|
(10,448)
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net
loss per share
|
$
|
(0.03)
|
$
|
(0.24)
|
|
$
|
(0.30)
|
$
|
(0.63)
|
Weighted average
number of
shares used in computing basic net
and diluted loss per share
|
|
17,090
|
|
16,790
|
|
|
17,060
|
|
16,711
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
U.S. dollars in
thousands
|
|
|
Nine months ended
September 30,
|
|
|
2017
|
|
2016
|
|
|
Unaudited
|
Cash flows
activities:
|
|
|
|
|
Net loss
|
$
|
(5,093)
|
$
|
(10,448)
|
Adjustments required
to reconcile net loss to net cash used in
operating activities:
|
|
|
|
|
Depreciation
|
|
363
|
|
366
|
Stock based
compensation
|
|
2,654
|
|
2,957
|
Amortization of
intangible assets
|
|
1,010
|
|
1,948
|
Impairment of
acquisition-related intangible assets
|
|
-
|
|
4,122
|
Accretion of payment
obligation
|
|
-
|
|
33
|
Change in:
|
|
|
|
|
Accrued
severance pay, net
|
|
289
|
|
104
|
Trade
receivables
|
|
(1,472)
|
|
(1,212)
|
Other
accounts receivable and prepaid expenses
|
|
(596)
|
|
(410)
|
Other
long term assets
|
|
6
|
|
152
|
Trade
payables
|
|
555
|
|
365
|
Deferred
revenues
|
|
783
|
|
1,077
|
Employees and payroll accruals
|
|
(309)
|
|
793
|
Accrued
expenses and other liabilities
|
|
(15)
|
|
872
|
Liabilities presented
at fair value
|
|
(212)
|
|
(213)
|
Tax benefit related
to exercise of stock options
|
|
-
|
|
146
|
Change in deferred
taxes, net
|
|
388
|
|
(1,745)
|
Net cash used in
operating activities
|
|
(1,649)
|
|
(1,093)
|
Cash flows from
investing activities:
|
|
|
|
|
Purchase of property
and equipment
|
|
(409)
|
|
(392)
|
Net cash used in
investing activities
|
|
(409)
|
|
(392)
|
Cash flows from
financing activities:
|
|
|
|
|
Proceeds from
exercise of options
|
|
421
|
|
185
|
Payment of contingent
consideration
|
|
(271)
|
|
(1,990)
|
Tax benefit related
to exercise of stock options
|
|
-
|
|
(146)
|
Net cash provided by
(used in) financing activities
|
|
150
|
|
(1,951)
|
Foreign currency
translation adjustments on cash and cash
equivalents
|
|
35
|
|
(154)
|
|
|
|
|
|
Decrease in cash and
cash equivalents
|
|
(1,873)
|
|
(3,590)
|
Cash and cash
equivalents at the beginning of the year
|
|
9,166
|
|
12,522
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
|
7,293
|
$
|
8,932
|
|
|
|
|
|
Supplemental
disclosure of cash flow activities:
|
|
|
|
|
Cash paid during the
year for taxes
|
$
|
1,619
|
$
|
588
|
Supplemental
disclosure of non- cash investing activities:
|
|
|
|
|
Issuance of shares
related to acquisition
|
$
|
-
|
$
|
224
|
RECONCILIATION OF
SUPPLEMENTAL, NON-GAAP FINANCIAL INFORMATION
|
U.S. dollars and
shares in thousands, except per share data
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
September
30,
|
|
September
30,
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Unaudited
|
|
Unaudited
|
|
|
|
|
|
|
|
|
GAAP
revenues
|
$16,479
|
|
$12,952
|
|
$43,823
|
|
$38,924
|
Valuation adjustment
on acquired deferred service
revenue
|
-
|
|
9
|
|
-
|
|
35
|
Non-GAAP
revenues
|
16,479
|
|
12,961
|
|
43,823
|
|
38,959
|
|
-
|
|
|
|
|
|
|
GAAP operating
expenses
|
16,368
|
|
17,036
|
|
46,848
|
|
50,494
|
Cost of revenues
(1)
|
(51)
|
|
(42)
|
|
(115)
|
|
(122)
|
Research and
development (1) (2)
|
(213)
|
|
(265)
|
|
(578)
|
|
(944)
|
Sales and marketing
(1) (2)
|
(497)
|
|
(473)
|
|
(1,279)
|
|
(1,931)
|
General and
administrative (1)
|
(243)
|
|
(255)
|
|
(682)
|
|
(739)
|
Amortization of
acquired intangible assets
|
(337)
|
|
(555)
|
|
(1,010)
|
|
(1,948)
|
Impairment of
acquisition-related intangible assets
|
-
|
|
(1,990)
|
|
-
|
|
(4,122)
|
Non-GAAP operating
expenses
|
15,027
|
|
13,456
|
|
43,184
|
|
40,688
|
|
|
|
|
|
|
|
|
GAAP operating income
(loss)
|
111
|
|
(4,084)
|
|
(3,025)
|
|
(11,570)
|
Operating loss
adjustments
|
(1,341)
|
|
(3,589)
|
|
(3,664)
|
|
(9,841)
|
Non-GAAP operating
income (loss)
|
1,452
|
|
(495)
|
|
639
|
|
(1,729)
|
|
|
|
|
|
|
|
|
GAAP financial
(expenses) income, net
|
20
|
|
(75)
|
|
(37)
|
|
5
|
Revaluation of
liabilities presented at fair value
|
-
|
|
(127)
|
|
(212)
|
|
(213)
|
Accretion of payment
obligations
|
-
|
|
10
|
|
-
|
|
(2)
|
Non -GAAP Financial
(expense) income, net
|
20
|
|
(192)
|
|
(249)
|
|
(210)
|
|
|
|
|
|
|
|
|
GAAP income tax
benefit (taxes on income)
|
(559)
|
|
160
|
|
(2,031)
|
|
1,117
|
Tax benefits (taxes
on income) related to non-GAAP
adjustments
|
(161)
|
|
(1,189)
|
|
22
|
|
(2,503)
|
Non-GAAP taxes on
income
|
(720)
|
|
(1,029)
|
|
(2,009)
|
|
(1,386)
|
|
|
|
|
|
|
|
|
GAAP net
loss
|
(428)
|
|
(3,999)
|
|
(5,093)
|
|
(10,448)
|
Valuation adjustment
on acquired deferred revenue
|
-
|
|
9
|
|
-
|
|
35
|
Amortization of
acquired intangible assets
|
337
|
|
555
|
|
1,010
|
|
1,948
|
Impairment of
acquisition-related intangible assets
|
-
|
|
1,990
|
|
-
|
|
4,122
|
Acquisition related
expenses
|
-
|
|
-
|
|
-
|
|
779
|
Stock-based
compensation
|
1,004
|
|
1,035
|
|
2,654
|
|
2,957
|
Revaluation of
liabilities presented at fair value
|
-
|
|
(127)
|
|
(212)
|
|
(213)
|
Accretion of payment
obligations
|
-
|
|
10
|
|
-
|
|
(2)
|
Tax benefits (taxes
on income) related to non-GAAP
adjustments
|
(161)
|
|
(1,189)
|
|
22
|
|
(2,503)
|
Non-GAAP net income
(loss)
|
$752
|
|
$(1,716)
|
|
$(1,619)
|
|
$(3,325)
|
|
|
|
|
|
|
|
|
GAAP basic and
diluted net loss per share
|
$(0.03)
|
|
$(0.24)
|
|
$(0.30)
|
|
$(0.63)
|
Non-GAAP diluted net
income (loss) per share
|
$0.04
|
|
$(0.10)
|
|
$(0.09)
|
|
$(0.20)
|
|
|
|
|
|
|
|
|
Shares used in
computing GAAP basic and diluted net
loss per share
|
17,090
|
|
16,790
|
|
17,060
|
|
16,711
|
|
|
|
|
|
|
|
|
Shares used in
computing Non-GAAP diluted net income
(loss) per share
|
17,896
|
|
16,790
|
|
17,060
|
|
16,711
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Stock-based
compensation expenses (*):
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
September
30,
|
|
September
30,
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Cost of
revenues
|
$
51
|
|
$
42
|
|
$
115
|
|
$
122
|
Research and
development
|
213
|
|
265
|
|
578
|
|
758
|
Sales and
marketing
|
497
|
|
473
|
|
1,279
|
|
1,338
|
General and
administrative
|
243
|
|
255
|
|
682
|
|
739
|
|
$ 1,004
|
|
$
1,035
|
|
$
2,654
|
|
$
2,957
|
(*) Retention bonus
paid in Attunity shares constitute part of (2) below
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Acquisition
related expenses
|
-
|
|
-
|
|
-
|
|
$
186
|
Research and
development
|
-
|
|
-
|
|
-
|
|
593
|
Sales and
marketing
|
-
|
|
-
|
|
-
|
|
$
779
|
For more information, please contact:
Todd Fromer / Allison Soss
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / asoss@kcsa.com
Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel. +972-9-899-3000
dror.elkayam@attunity.com
View original
content:http://www.prnewswire.com/news-releases/attunity-reports-third-quarter-2017-results-300548337.html
SOURCE Attunity Ltd