Product Revenues Up 18 Percent INDIANAPOLIS, Oct. 25
/PRNewswire-FirstCall/ -- Interactive Intelligence Inc.
(NASDAQ:ININ), a global developer of business communications
software, today reported total revenues of $15.2 million for the
quarter ended Sept. 30, 2005, an increase of 13 percent from total
revenues of $13.4 million in the same period last year. Net income
for the 2005 third quarter was $28,000, or $0.00 per share,
compared to $102,000, or $0.01 per share in the third quarter of
2004. Product revenues increased 18 percent to $7.8 million in the
2005 third quarter and services revenues increased 9 percent to
$7.4 million. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO ) "Orders in
the quarter were up sharply from the same period last year," said
Interactive Intelligence president and chief executive officer, Dr.
Donald E. Brown. "This activity drove an increase in new revenues
that enabled us to record our seventh consecutive quarter of
profitability. We have good momentum across all product lines,
received positive outlooks from our major resellers at our recent
partner conference, have some very innovative product releases
nearing completion, and continue to see an increasing number of
wins over our major competitors. Overall, we are pleased with
results in the quarter and the progress we are making in both the
contact center and enterprise IP telephony markets." For the first
nine months of 2005, total revenue was $45.4 million, an 11 percent
increase from $40.8 million of total revenue in the same period of
2004. Net income for the first nine months of 2005 was $343,000, or
$0.02 per share, compared to $526,000, or $0.03 per share in the
first nine months of 2004. Product revenues increased 16 percent to
$24.3 million in the 2005 nine month period and services revenues
increased 7 percent to $21.1 million. Customers signing contracts
in the third quarter included American Health Network, Angie's
List, Bass Pro Shops, Case Western Reserve University, Dialogue
Marketing, ITT Educational Services, OSI Software, Research In
Motion, Robert Half International, and State of Tennessee. The
company received two significant market recognitions during the
third quarter: -- Interactive Intelligence contact center
automation software was named the "Best Integrated Multimedia, IP
Contact Center" offering in a hands-on, side-by-side comparison of
contact center solutions completed by independent network
consultancy and test lab Miercom, which included products from
Avaya, Genesys, Mitel, Nortel, and Siemens. -- Global research and
consulting firm, Frost & Sullivan, named Interactive
Intelligence its 2005 "Excellence in Technology of the Year"
recipient in the field of customer contact center management
software. Interactive Intelligence will host an earnings conference
call today at 4:30 p.m. Eastern time (EDT), featuring Dr. Brown and
the company's chief financial officer, Stephen R. Head. There will
be a live Q&A session following opening remarks. The
teleconference is expected to last approximately 45 minutes. To
access the teleconference, please dial 1-888-882-0115 at least five
minutes prior to the start of the call. Ask for the teleconference
by the following name: "Interactive Intelligence third quarter
earnings call." The teleconference will also be broadcast live on
the company's investor relations' page at
http://www.inin.com/investors . An archive of the teleconference
will be posted following the call. To receive a copy of the
earnings release, please call 317.872.3000 and press "4" for
investor relations, or e-mail . About Interactive Intelligence
Interactive Intelligence Inc. (NASDAQ:ININ) offers business
communications innovation, experience and value with software
solutions for IP contact centers, enterprise IP telephony,
self-service automation, and unified communications and messaging.
The company was founded in 1994 and has more than 1,500 customers
worldwide. Recent awards include Software Magazine's 2005 Top 500
Global Software and Services Companies, Miercom's 2005 Best
Integrated Multimedia IP Contact Center product award, and Frost
& Sullivan's 2005 Excellence in Technology of the Year Award.
Interactive Intelligence employs approximately 350 people and is
headquartered in Indianapolis. The company has 12 offices
throughout North America, Europe and Asia Pacific. Interactive
Intelligence can be reached at +1 317.872.3000 or ; on the Web:
http://www.inin.com/ . This release contains certain
forward-looking statements that involve a number of risks and
uncertainties. Among the factors that could cause actual results to
differ materially are the following: rapid technological changes in
the industry; volatility in the market price of the company's
common stock; the company's ability to maintain profitability, to
manage successfully its growth and increasingly complex third party
relationships, to maintain successful relationships with its
current and any new resellers, to maintain and improve its current
products and to develop new products and to protect its proprietary
rights adequately; and other factors described in the company's SEC
filings, including the company's latest annual report on Form 10-K
and its quarterly reports on Form 10-Q. Interactive Intelligence
Inc. is the owner of the marks INTERACTIVE INTELLIGENCE, its
associated LOGO and numerous other marks. All other trademarks
mentioned in this document are the property of their respective
owners. Contacts: Stephen R. Head Chief Financial Officer
Interactive Intelligence Inc. +1 317.715.8412 Christine Holley
Director, Market Communications Interactive Intelligence Inc. +1
317.715.8220 Interactive Intelligence, Inc. Condensed Consolidated
Balance Sheets (in thousands) September 30, December 31, 2005 2004
(unaudited) Assets Current assets: Cash and cash equivalents
$13,692 $14,603 Accounts receivable, net 14,847 10,251 Prepaid
expenses 2,367 2,119 Other current assets 555 836 Total current
assets 31,461 27,809 Property and equipment, net 3,968 4,071 Other
assets, net 592 618 Total assets $36,021 $32,498 Liabilities and
Shareholders' Equity Current liabilities: Line of credit $3,000
$3,000 Accounts payable and accrued liabilities 5,244 5,894 Accrued
compensation and related expenses 1,657 1,200 Deferred product
revenues 4,375 4,484 Deferred services revenues 15,805 12,884 Total
current liabilities 30,081 27,462 Shareholders' equity: Preferred
stock - - Common stock 161 159 Additional paid-in-capital 65,738
65,179 Accumulated deficit (59,959) (60,302) Total shareholders'
equity 5,940 5,036 Total liabilities and shareholders' equity
$36,021 $32,498 Interactive Intelligence, Inc. Condensed
Consolidated Statements of Operations (in thousands, except per
share amounts) Three months Nine months ended ended September 30,
September 30, 2005 2004 2005 2004 (unaudited) (unaudited) Revenues:
Product $7,783 $6,591 $24,265 $20,947 Services 7,405 6,823 21,138
19,814 Total revenues 15,188 13,414 45,403 40,761 Cost of revenues:
Product 963 452 2,837 1,451 Services 2,743 2,564 8,153 8,088 Total
cost of revenues 3,706 3,016 10,990 9,539 Gross profit 11,482
10,398 34,413 31,222 Operating expenses: Sales and marketing 6,188
5,228 18,188 15,292 Research and development 3,061 3,208 9,468
9,744 General and administrative 2,153 1,860 6,209 5,666 Total
operating expenses 11,402 10,296 33,865 30,702 Operating income 80
102 548 520 Other income (expense): Interest income, net 69 28 182
60 Other income (expense) (74) 10 (256) 82 Total other income
(expense) (5) 38 (74) 142 Income before income taxes 75 140 474 662
Income taxes 47 38 131 136 Net income $28 $102 $343 $526 Net income
per share: Basic $0.00 $0.01 $0.02 $0.03 Diluted $0.00 $0.01 $0.02
$0.03 Shares used to compute net income per share: Basic 16,054
15,872 16,009 15,841 Diluted 16,928 16,476 16,730 16,637
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO
http://photoarchive.ap.org/ DATASOURCE: Interactive Intelligence
Inc. CONTACT: Stephen R. Head, Chief Financial Officer,
+1-317-715-8412, , or Christine Holley, Director, Market
Communications, +1-317-715-8220, , both of Interactive Intelligence
Inc. Web site: http://www.inin.com/
Copyright
Interactive Intelligence Grp., Inc. (NASDAQ:ININ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Intelligence Grp., Inc. (NASDAQ:ININ)
Historical Stock Chart
From Jul 2023 to Jul 2024