LMS announces second quarter revenue and provides revenue guidance for remainder of fiscal 2006
October 13 2005 - 9:25AM
PR Newswire (US)
MONTREAL, Oct. 13 /PRNewswire-FirstCall/ -- LMS Medical Systems
(AMEX:LMZ; TSX: LMZ), a healthcare technology company and developer
of the CALM(TM) system (Computer Assisted Labour Management), today
reported its revenue for the second quarter ended September 30,
2005. All amounts are in Canadian dollars. Revenue for the quarter
totaled $551,000 versus $76,000 for the same quarter in the
previous year. Revenue for the six months ended September 30, 2005
was $819,000 compared to $308,000 the year prior. Sales of the
Company's CALM 3.0 software, which became available to the
marketplace at the end of August 2005, accounted for a substantial
portion of second quarter revenues. "Market availability of CALM
3.0 allows us to ramp up sales through its delivery to medium and
large sized facilities," stated Diane Cote, President and Chief
Executive Officer. "It is gratifying after the delay experienced on
3.0's initial market introduction to move forward with installation
and start- up from several of our resellers' significant accounts."
Complete results for the second quarter along with Management's
Discussion and Analysis will be released and posted on the
Company's website during the week of November 7, 2005. Business
Outlook and Guidance LMS anticipates that revenue for the third
quarter ending December 31, 2005, will exceed the revenue generated
for the 6 months ended September 30, 2005, and, further, that
revenue for the fourth quarter ending March 31, 2006 will show a
further increase over revenue for the third quarter. The actual
timing of revenue recognition may alter due to the Company's
dependency upon its customers own planning and availability
considerations. About LMS LMS Medical Systems is a leader in the
application of advanced mathematical modeling and neural networks
for medical use. The LMS Computer Assisted Labor Management product
suite provides physicians, nursing staff and risk managers with
innovative obstetrical decision support and risk management tools,
integrated into clinical information systems, designed to improve
outcomes and patient care for mothers and their infants during
labor and delivery. Statements in this press release and any other
statements, managements' future expectations, beliefs, goals, plans
or prospects including with respect to the business outlook and
guidance constitute forward-looking statements that involve risks
and uncertainties, which may cause actual results to differ
materially from the statements made. For this purpose, any
statements that are contained herein that are not statements of
historical fact may be deemed to be forward-looking statements made
pursuant to the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Without limiting the
foregoing, the words "believes", "anticipates", "plans", "intends",
"will", "should", "expects", "projects", and similar expressions
are intended to identify forward-looking statements. You are
cautioned that such statements are subject to a multitude of risks
and uncertainties that could cause actual results, future
circumstances, or events to differ materially from those projected
in the forward-looking statements. These risks include, but are not
limited to, those associated with the success of research and
development programs, the regulatory approval process, competition,
securing and maintaining corporate alliances, market acceptance of
the Company's products, the availability of government and
insurance reimbursements for the Company's products, the strength
of intellectual property, financing capability, the potential
dilutive effects of and financing, reliance on subcontractors and
key personnel and other risks detailed from time-to-time in the
Company's public disclosure documents or other filings with the
Canadian and U.S. securities commissions or other securities
regulatory bodies. The forward- looking statements are made as of
the date hereof, and the Company disclaims any intention and has no
obligation or responsibility, except as required by law, to update
or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise. The Company expressly
disclaims any obligation to update any outlooks or guidance given
in this press release. DATASOURCE: LMS MEDICAL SYSTEMS INC.
CONTACT: Andrea Miller, Communications, LMS Medical Systems Inc.,
(514) 488-3461 Ext. 222, Fax: (514) 488-1880, E-mail: , Website:
http://www.lmsmedical.com/
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