This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Selectica Reports Results For Second Quarter Fiscal 2011

Selectica (NASDAQ:SLTC), a leading provider of contract lifecycle management and sales configuration solutions, today announced financial results for its second fiscal quarter ended September 30, 2010.

Highlights in the second quarter 2011 include:

  • Announced the appointment of three new board members
  • Resolved litigation regarding the company’s Shareholder Rights Plan
  • Opened a new global research and operations center
  • Reduced operating expenses for the third consecutive quarter

“This quarter we continued to make significant progress in controlling expenses while establishing the infrastructure to accelerate the development of innovative new solutions,” said Jason Stern, President and Chief Operating Officer of Selectica. “We believe these investments will enable us to create a scalable organization and sustainable growth.”

Revenue for the second quarter of fiscal 2011 was $3.1 million, compared to $3.7 million for the first quarter of fiscal 2011, and $3.7 million for the second quarter of fiscal 2010. New license revenue for the quarter was $304,000, compared with $836,000 last quarter and $945,000 in the second quarter of fiscal 2010. Revenue for the second quarter consisted of 21% license and subscription revenue, 49% maintenance and support revenue, and 30% professional services and other revenue. Revenue for the second quarter from contract lifecycle management solutions was $1.8 million or 59% of total revenue, and revenue from sales configuration solutions was $1.3 million or 41%. Cash, cash equivalents, and short-term investments were $16.7 million on September 30, 2010.

New license revenue consisted of SaaS and perpetual licenses from direct and channel sales. New customer wins in the second quarter included companies in life sciences, high tech, and financial services industries.

Net loss for the second quarter of fiscal 2011 was $(632,000), or $(0.22) per share, compared to a net loss of $(447,000), or $(0.16) per share, in the first quarter of fiscal 2011 and a net loss of $(1.1 million), or $(0.39) per share, in the second quarter of fiscal 2010.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs