Beaverton, Ore.--Jan. 22, 1998--Analogy, Inc. announced its financialresults for the third fiscal quarter ended December 31, 1997. Both revenueand net income were the highest of any quarter in the company's history.
Total revenue for the third quarter of fiscal 1998 was $7,846,000, or 15 percentabove revenue of $6,816,000 in the third quarter of fiscal 1997. Productlicense revenue increased from $4,434,000 to $4,511,000 and service and otherrevenue increased from $2,382,000 to $3,335,000. Total revenue year-to-datefor fiscal 1998 was $20,974,000, or 25 percent above revenue of $16,791,000 reportedfor the comparable period a year ago.
Net income in the third quarter of fiscal 1998 was $347,000, compared witha net loss of $1,675,000 in the third quarter a year ago. Included in the netloss for the prior year's third fiscal quarter is a nonrecurring charge of$1,896,000 for in-process research and development expenses related to anacquisition. Excluding this one-time charge, net income for Analogy for thethird quarter a year ago was $221,000, and net income for the third quarter ofthe current fiscal year was 57 percent above the adjusted net income figure for theprior fiscal year.
Diluted net income per share for the third quarter and year-to-date forthe current fiscal year was $0.04 and $0.03, respectively, based on a weightedaverage of 9,834,000 and 9,639,000 shares outstanding, respectively. Basicand diluted earnings per share were the same for the quarter and the year-to-date period. The fiscal 1997 third quarter loss per share was $0.19, based ona weighted average of 8,596,000 shares outstanding, and the fiscal 1997 year-to-date loss per share was $0.39, based on a weighted average of 8,422,000shares outstanding.
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