CIMATRON LIMITED
CONSOLIDATED STATEMENTS OF INCOME
(US Dollars in thousands, except for per share data)
Three months ended
March 31,
2012 2011
Total revenue 9,886 8,894
Total cost of revenue 1,418 1,345
Gross profit 8,468 7,549
Research and development expenses, net 1,693 1,554
Selling, general and administrative expenses 5,886 5,571
Operating income 889 424
Financial income, net 113 116
Taxes on income (174) (227)
Other 15 (2)
Net income 843 311
Less: Net (income) loss attributable to the
noncontrolling interest (12) 28
Net income attributable to Cimatron's shareholders $ 831 $ 339
Net income per share - basic and diluted $ 0.09 $ 0.04
Weighted average number of shares outstanding
Basic EPS (in thousands) 9,301 9,106
Diluted EPS (in thousands) 9,318 9,239
CIMATRON LIMITED
RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION
(US Dollars in thousands, except for per share data)
Three months ended
March 31,
2012 2011
GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP
Total revenue 9,886 - 9,886 8,894 - 8,894
Total cost of revenue (1) 1,418 (147) 1,271 1,345 (147) 1,198
Gross profit 8,468 147 8,615 7,549 147 7,696
Research and development
expenses, net 1,693 - 1,693 1,554 - 1,554
Selling, general and administrative
expenses (1) 5,886 (99) 5,787 5,571 (101) 5,470
Operating income 889 246 1,135 424 248 672
Financial income, net 113 - 113 116 - 116
Taxes on income (2) (174) (91) (265) (227) 172 (55)
Other 15 - 15 (2) - (2)
Net income 843 155 998 311 420 731
Less: Net (income) loss
attributable to the
noncontrolling interest (12) - (12) 28 - 28
Net income attributable
to Cimatron's
shareholders $ 831 $ 155 $ 986 $ 339 $ 420 $ 759
Net income per share -
basic and diluted $ 0.09 $ 0.11 $ 0.04 $ 0.08
Weighted average number of shares outstanding
Basic EPS
(in thousands) 9,301 9,301 9,106 9,106
Diluted EPS
(in thousands) 9,318 9,318 9,239 9,239
