[MD1] Metrowerks Has Record Quarter
TweetFollow Us on Twitter

[MD1] Metrowerks Has Record Quarter

METROWERKS FOURTH QUARTER REVENUES UP
TO RECORD US$6.2 MILLION

Company Records Profit of US$155,000 for Quarter

AUSTIN, Texas-August 28, 1997- Metrowerks Inc. (NASDAQ: MTWKF, TSE/ME:MWK),
one of the world's leading providers of software development tools, today
announced its results of operations for the fourth quarter of fiscal year
ending
July 31, 1997 (Q4FYJuly97).

Revenues for Q4FYJuly97 totaled US$6.2 million, an increase of 78% over
revenues of US$3.5 million for the corresponding Q4FYJuly96, and an
increase of 72% over revenues of US$3.6 million for the previous quarter,
Q3FYJuly97.

The Company reported a net profit of US$155,000 (US$0.01 per share on a
fully diluted basis), compared to a net loss of US$178,000 (US$0.02 per
share) for the corresponding Q4FYJuly96, and compared to a net loss of
US$5.9 million for the previous quarter, Q3FYJuly97.

"We are very happy with the results for the fourth quarter," said Jean
Belanger, Metrowerks CEO and Chairman of the Board. "We have made
significant investments in new products and infrastructure throughout
Fiscal 1997, and we are starting to realize the benefits of these
investments both in revenue growth and in profitability."

Revenues for Q4FYJuly97 break down as follows: 35% were related to embedded
market revenues and 65% were related to desktop market revenues, which
includes all Mac OS- and Windows-related sales. Revenues for Q4FYJuly97 can
also be broken down as to 80% for embedded and desktop market product
sales, and 20% product agreement revenues for both embedded and desktop
markets.

Cost of goods sold for Q4FYJuly97 were 17% of net revenues compared to an
average cost of goods sold of 29% for the first three quarters of Fiscal
1997. The reduction in cost of goods sold is the result of increased
efficiencies in fulfillment and production operations.

In Q4FYJuly97, R&D expenses totaled US$2.3 million as compared to US$1.8
million in Q3FYJuly97. This represents an increase of 24% as compared to
the increase in R&D expenses from Q2FYJuly97 to Q3FYJuly97 of 38%.

SG&A and technical support expenses totaled US$2.4 million in Q4FYJuly97 as
compared to US$2.2 million for Q3FYJuly97, an increase of 11%.
Comparatively, the increase in SG&A and technical support expenses from
Q2FYJuly97 to Q3FYJuly97 was 22%.

The company had approximately US$5.0 million of cash and cash equivalents
on hand at July 31, 1997.

This release, other than historical financial information, may consist of
forward-looking statements that involve risks and uncertainties. These
statements may differ materially from actual future events or results. For
instance, factors which could cause results to differ from future events
include the state of the Mac OS tools market, the timing of product
deliveries, competitive pricing actions and marketing programs, among
others. Additional information on these and other factors which could
affect the Company's financial results are included in the Company's 1996
annual report to shareholders and most recent quarterly reports on file
with the Securities and Exchange Commission.

Earnings Table
All figures are reported in '000s US dollars (except per share amount):

Metrowerks Inc. Consolidated Statements of Operations

Yr End Yr End Qtr End Qtr End Qtr End Qtr End Qtr End

7/31/97 7/31/96 7/31/97 4/30/97 1/31/97 10/31/96 7/31/96

Revenues, net 18,293 10,619 6,228 3,615 4,684 3,766 3,504

Cost of goods
sold 4,563 2,663 1,062 958 1,449 1,094 1,069
SG&A and
tech support 8,121 4,620 2,437 2,203 1,813 1,636 1,386
R & D 6,486 3,251 2,272 1,828 1,327 1,091 1,217
Depreciation 1,154 355 360 324 261 209 160
Non-recurring
charge 4,297 - - 4,297 - - -
Interest income (353) (375) (58) (75) (91) (129) (150)
--------------------------------------------------------
24,268 10,514 6,073 9,535 4,759 3,901 3,682

Net earnings/
(loss) (5,975) 105 155 (5,920) (75) (135) (178)

Earnings (loss)
per share (0.52) 0.01 0.01 (0.51) (0.01) (0.01) (0.02)

Weighted avg
# of shares
outstanding 11,523 10,620 11,646 11,529 11,520 11,505 11,282

About CodeWarrior
CodeWarrior is an intuitive suite of software development tools that
includes an award-winning Integrated Development Environment (IDE) complete
with project manager, resource and text editors, debugger, class browser,
online documentation and tutorials. CodeWarrior's cross-platform compilers
support C, C++, Java and Pascal, and allow programmers to build
applications for a number of different target platforms, all from one
development environment.

About Metrowerks
Founded in 1985, Metrowerks develops, markets and supports a complete line
of programming tools used for software development for a number of
operating systems and microprocessors. Intended for use on desktop
computers or embedded systems, these operating systems include Mac OS,
Windows 95, Windows NT, PlayStation OS, BeOS and Palm OS, running on
68K, PowerPC, MIPS and x86 microprocessors. Metrowerks' CodeWarrior
products are used by over 90,000 registered users in 70 countries.

Press Contacts:
Gordy Davies Jim Welch
Media Relations Chief Financial Officer
Metrowerks Inc. Metrowerks Inc.
(512) 873-4797 (512) 873-4777
gdavies@metrowerks.com welch@metrowerks.com

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Dr. Panda Racers (Education)
Dr. Panda Racers 1.0 Device: iOS Universal Category: Education Price: $2.99, Version: 1.0 (iTunes) Description: STEP ON THE GAS, RACE AND WIN!Fasten your seat belts and get ready to race! Speed your way to the finish line while doing... | Read more »
ROMANCING SAGA 2 (Games)
ROMANCING SAGA 2 1.0.0 Device: iOS Universal Category: Games Price: $17.99, Version: 1.0.0 (iTunes) Description: Romancing SaGa 2, originally released only in Japan in 1993, has been completely remastered and now receives its first... | Read more »
WRIO Keyboard (Utilities)
WRIO Keyboard 1.0 Device: iOS iPhone Category: Utilities Price: $2.99, Version: 1.0 (iTunes) Description: 40% OFF DURING LIMITED INTRODUCTORY OFFER | Read more »
Hatoful Boyfriend (Games)
Hatoful Boyfriend 1.0 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0 (iTunes) Description: The hit PC game that everybirdie loves has now migrated to your mobile device! Now you are free to explore the wonders of St... | Read more »
Warp Shift (Games)
Warp Shift 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: [ CHECK YOUR HARDWARE: Warp Shift does NOT run on iPhone 4, iPad 1 and iPod touch 4G or older devices! It requires at least iOS8... | Read more »
Lifeline: Whiteout (Games)
Lifeline: Whiteout 1.0.2 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.2 (iTunes) Description: Alone in a frozen wasteland with no memory of how he got there, a lost adventurer’s only hope is his last line of... | Read more »
Castles of Mad King Ludwig (Games)
Castles of Mad King Ludwig 1.0.1 Device: iOS Universal Category: Games Price: $6.99, Version: 1.0.1 (iTunes) Description: | Read more »
How to command and conquer in Raid HQ
Raid HQ is a satisfyingly deep base building game with over-the-top macho action and explosions. This little free to play bundle gives you a lot to do from managing a squad to building the most powerful base you possibly can. [Read more] | Read more »
How to build a successful civilisation i...
GodFinger 2 grants you godlike powers, leaving you to raise a civilization of followers. In the spirit of games like Black & White, the GodFinger games will see you building bigger and better villages, developing more advanced technology and... | Read more »
How to get all the crabs in Mr Crab 2
Mr. Crab 2 may look like a cutesy platformer for kids, but if you're the kind of person who likes to complete a game 100%, you'll soon realise that it's a tougher than a crustacean's shell. [Read more] | Read more »

Price Scanner via MacPrices.net

Kanex Introduces GoPower USB-C Rechargeable B...
Kanex has announced its GoPower USB-C portable battery for the USB-C MacBook, featuring the new industry standard connector and cable used for connectivity and power. Providing users with a new... Read more
Convertible and Detachable Devices Winning Ov...
According to the latest figures published by International Data Corporation (IDC), Western European shipments of ultraslim convertibles and detachables posted positive growth (44.7%) to account for... Read more
New MacBook Pros And Will MacBook Air Be Upgr...
With my mid-2013 13-inch MacBook Air closing on its third anniversary come November, I’m in system upgrade mode. Actually the Haswell CPU equipped Air is still doing a fine job, but my good wife is... Read more
Apple’s Education discount saves up to $300 o...
Purchase a new Mac or iPad using Apple’s Education Store and take up to $300 off MSRP. All teachers, students, and staff of any educational institution qualify for the discount. Shipping is free, and... Read more
13-inch 2.5GHz MacBook Pro on sale for $999,...
B&H Photo has the 13″ 2.5GHz MacBook Pro on sale for $999 including free shipping plus NY sales tax only. Their price is $100 off MSRP. Read more
Apple refurbished iMacs available for up to $...
Apple has Certified Refurbished 2015 21″ & 27″ iMacs available for up to $350 off MSRP. Apple’s one-year warranty is standard, and shipping is free. The following models are available: - 21″ 3.... Read more
Textkraft Professional Becomes A Mobile Produ...
The new update 4.1 of Textkraft Professional for the iPad comes with many new and updated features that will be particularly of interest to self-publishers of e-books. Highlights include import and... Read more
SnipNotes 2.0 – Intelligent note-taking for i...
Indie software developer Felix Lisczyk has announced the release and immediate availability of SnipNotes 2.0, the next major version of his productivity app for iOS devices and Apple Watch.... Read more
Pitch Clock – The Entrepreneur’s Wingman Laun...
Grand Rapids, Michigan based Skunk Tank has announced the release and immediate availability of Pitch Clock – The Entrepreneur’s Wingman 1.1, the company’s new business app available exclusively on... Read more
13-inch 2.9GHz Retina MacBook Pro on sale for...
B&H Photo has the 13″ 2.9GHz Retina MacBook Pro (model #MF841LL/A) on sale for $1599 including free shipping plus NY tax only. Their price is $200 off MSRP. Amazon also has the 13″ 3.9GHz Retina... Read more

Jobs Board

Editor, *Apple* News - APPLE (United States...
Job Summary The Apple News team is looking for a passionate and knowledgeable editor with experience covering entertainment/pop culture and experience running social Read more
*Apple* Nissan Service Technicians - Apple A...
Apple Automotive is one of the fastest growing dealer...and it shows. Consider making the switch to the Apple Automotive Group today! At Apple Automotive , Read more
ISCS *Apple* ID Site Support Engineer - APP...
…position, we are looking for an individual who has experience supporting customers with Apple ID issues and enjoys this area of support. This person should be Read more
Automotive Sales Consultant - Apple Ford Linc...
…you. The best candidates are smart, technologically savvy and are customer focused. Apple Ford Lincoln Apple Valley is different, because: $30,000 annual salary Read more
*Apple* Support Technician II - Worldventure...
…global, fast growing member based travel company, is currently sourcing for an Apple Support Technician II to be based in our Plano headquarters. WorldVentures is Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.