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04.10.01 09:43

6203 Postings, 7332 Tage Star IkoneHier pennt DEUTSCLAND...

INTRAWARE Inc. Shares ( WKN 919292 ):

Am 2.10 mit Ergebnissen DEUTLICH über den Erwartungen.
Spanne USA 0,8$ zu 1,29$!

Hier Spanne 0,8 zu 0,9E., nun ja, mal schauen, ob man für 0,8E. noch rein kommt!

Die Meldung:

Intraware Narrows EBITDA Loss to $1.1 Million; Gross Margin Improves to 40% from 35% as Company Continues to Focus on Proprietary Products

ORINDA, Calif., Oct 2, 2001 (BUSINESS WIRE) -- Intraware, Inc. (Nasdaq: ITRA), a
                leading provider of electronic software management and information technology
                (IT) management solutions, today announced financial results for the second
                quarter of fiscal year (FY) 2002 ended August 31, 2001.

                The company achieved significant progress towards EBITDA profitability,
                narrowing its EBITDA loss to $1.1 million, from $1.8 million in the preceding
                quarter. In addition, as a result of the company's focus on its proprietary
                asset management and software delivery solutions, gross profit margins improved
                to 40% from 35% in the preceding quarter.

                "We are pleased that our gross profit as a percent of revenue and EBITDA were at
                their best levels since the inception of the company, a trend we expect to
                continue in the coming quarters," said Peter Jackson, chief executive officer of
                Intraware. "We remain focused on achieving positive EBITDA and are determined to
                realize that milestone this fiscal year."

                Total revenues for the second quarter of FY 2002 were $13.6 million, compared to
                $32.6 million in the corresponding quarter last year and $15.3 million in the
                immediately preceding quarter ended May 31, 2001. The decline in total revenues
                is a result of the company's transition away from reselling third party software
                products. Online services and technology revenues represented 30% of total
                revenues in the second quarter of FY 2002, compared to 20% in the same period
                last year and 28% in the first quarter of FY 2002.

                Gross profit for the second quarter of FY 2002 ended August 31, 2001 was $5.4
                million, compared to $11.0 million in the corresponding quarter a year ago and
                $5.4 million in the previous quarter ended May 31, 2001. During the second
                quarter of FY2002, Intraware incurred a first-time non-cash warrant charge of
                approximately $200,000 to revenue and gross profit.(1)

                The EBITDA loss before restructuring charges, interest, taxes, depreciation,
                stock-based compensation, amortization, warrant charges, and charges related to
                preferred stock and promissory notes financings was $1.1 million or $(0.04) per
                share for the quarter ended August 31, 2001, compared to an EBITDA loss of $7.7
                million or $(0.29) per share for the same quarter a year earlier and an EBITDA
                loss of $1.8 million or $(0.06) per share for the quarter ended May 31, 2001.

                Net loss attributable to common stockholders was $20.1 million or $(0.71) per
                share in the quarter ended August 31, 2001, compared to a net loss attributable
                to common stockholders of $11.8 million or $(0.45) per share in the prior year's
                second quarter. The net loss attributable to common stockholders includes
                charges of $5.4 million related to preferred stock and promissory notes
                financings as well as a restructuring charge of $8.6 million. The restructuring
                charge consists primarily of impairments of intangible assets and fixed assets,
                and impairments of future lease obligations and severance payments. This
                restructuring was necessitated by the transition from our third-party resale
                business and the resulting reorganization. Net loss attributable to common
                stockholders for the immediately preceding quarter ended May 31, 2001 was $7.8
                million or $(0.28) per share.

                "Our strategy of focusing the company on our proprietary products and services,
                developing strong channel partners, and closely controlling our costs is paying
                off," said Frost Prioleau, president of Intraware. "That progress on the
                operating front, when coupled with our recent attainment of additional
                financing, puts Intraware in a strong position to achieve our goals going
                forward."

                In an effort to accelerate the company's drive toward profitability, Intraware
                reduced its workforce in August to 118 employees from 186 at the end of July and
                consolidated its two Bay Area offices into one. The organization now operates in
                two business units, one focused on its proprietary Asset Management software
                products and services, and the other focused on its SubscribeNet online software
                delivery service and associated software marketing services. As a result of the
                reductions, Intraware expects its quarterly operating expenses beginning in the
                third fiscal quarter ending November 30, 2001 to be approximately $2.5 million
                lower than in its quarter ended August 31, 2001.


                    Business Outlook: Second Quarter and FY 2002

                The following statements are forward looking and are based on current
                expectations. These expectations are based on preliminary estimates and are
                subject to adjustment in the future. Actual results may differ materially and
                are subject to risks and uncertainties. The company believes these risks and
                uncertainties have become heightened in recent weeks and will remain so through
                the remainder of its fiscal year.


                          --  Revenue for the third quarter of FY 2002 is expected to be in
                        the range of $7 to $8 million, with a decline in our 3rd party
                        software sales partially offset by an increase in our revenue
                        from our proprietary online services and technologies. Revenue
                        for FY 2002 is expected to be between $48 and $50 million. Our
                        projected revenues include estimated non-cash warrant charges
                        as an offset to revenue of $270,000 for the third quarter and
                        approximately $1.47 million for fiscal year 2002.(1)
                          --  Gross profit for the third quarter of FY 2002 is expected to
                        be in the range of $4.0 to $4.2 million. For FY 2002, the
                        company expects gross profit to range between $20 and $21
                        million. Included in this gross profit forecast is the effect
                        of the non-cash warrant charges mentioned above.(1)
                          --  EBITDA loss per share, excluding non-recurring charges and
                        certain cash and non-cash charges such as expenses and
                        amortization related to acquisitions, restructuring,
                        depreciation, interest expense, interest income, the stock
                        based compensation charge, warrant charges, and any charges
                        related to the preferred stock, promissory notes financings,
                        and warrants is expected to range between break-even and
                        ($0.04) for the third quarter and between ($0.06) and ($0.13)
                        for full fiscal year 2002.
                          --  Including non-recurring charges and the previously mentioned
                        cash and non-cash charges, Intraware expects a per share loss
                        attributable to common stockholders of between ($0.25) and
                        ($0.29) for the third quarter and between ($1.41) and ($1.48)
                        for the full FY 2002.

                    About Intraware

                Intraware, Inc. (Nasdaq: ITRA) is a leading provider of electronic software
                management and information technology (IT) management solutions that enable
                corporations to optimize their IT investments. Intraware's unique spectrum of
                innovative IT management solutions has attracted strategic relationships with
                industry-leading vendors such as Computer Associates International, Inc.,
                Corporate Software, iPlanet E-Commerce Solutions, a Sun-Netscape Alliance,
                PeopleSoft, Inc., and Lockheed Martin Corporation. Intraware is headquartered in
                Orinda, California, and can be reached by phone at 888/446-8729, 925/253-4500 or
                http://www.intraware.com.


                    Conference Call and Web Cast Information

                There will be a conference call accessible by telephone and via a simultaneous
                web cast over the Internet at http://www.shareholder.com/intraware/medialist.cfm
                beginning at 2:00 p.m. Pacific Time on October 2, 2001. The live conference call
                dial in number is 913/981-5508 and the confirmation code is 602286. A replay of
                the call will be available for two weeks following the live call by dialing
                719/457-0820 and entering confirmation code 602286.


                    Forward Looking Statements

                The statements in this news release referring to the company's expected
                improvement in its gross profit margin and operating income (excluding certain
                non-cash items), its determination to achieve positive EBITDA during its current
                fiscal year, its expectation that quarterly operating expenses beginning in the
                third fiscal quarter ending November 30, 2001 will be approximately $2.5 million
                lower than in its quarter ended August 31, 2001, and expected revenue, gross
                profit, EBITDA, and loss per share attributable to common stockholders in its
                fiscal quarter ending November 30, 2001 and fiscal year ending February 28,
                2002; and other statements in this release which are not historical facts, may
                be deemed to be forward-looking statements involving a number of risk factors
                and uncertainties. Factors that could cause actual results to differ materially
                from those anticipated in this news release include a failure by the company to
                maintain, generate or procure sufficient cash, or adequately manage its working
                capital, to finance its planned expansion of operations and product development
                or satisfy its liquidity needs; failure of recently signed agreements between
                the company and Corporate Software and between the Company and Computer
                Associates International, Inc. to generate expected cash flows or revenue; loss
                or delay of sales of Intraware's products and services due to concerns by
                prospective customers about general economic conditions or Intraware's financial
                strength; unanticipated delays in the release of product and service
                enhancements currently in development by Intraware; unanticipated technical or
                operational problems in customers' implementation of Intraware's products and
                services; the introduction of competitive services and products by other
                companies; the early stage of development of the market in which Intraware
                operates and susceptibility of this market to rapid shifts; reluctance by
                potential customers to procure software online due to security and other
                concerns; and interruptions in Intraware's online services due to unanticipated
                technical problems. Further information on potential factors that could affect
                Intraware's financial results is included in Intraware's Form 10-K for the 2001
                fiscal year filed with the Securities and Exchange Commission (SEC) on June 13,
                2001, and Intraware's Form 10-Q for its first fiscal quarter of the 2002 fiscal
                year filed with SEC on July 13, 2001. Copies of this and other Intraware filings
                with the SEC are available from Intraware without charge or online at
                http://www.intraware.com.

                Note to Editors: "Intraware" and "SubscribeNet" are registered trademarks of
                Intraware, Inc. All other company, product and service names mentioned herein
                may be trademarks of their respective owners.  

04.10.01 09:44

6203 Postings, 7332 Tage Star IkoneUnd ich auch: DeutscHland...;) o.T.

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