Fiscal 2012 Nine-Months Financial Results
Total revenue for the first nine months of fiscal 2012 was $33.7 million, compared to $35.2 million for the same period of the prior year. GAAP net loss for the first nine months of fiscal 2012 was $931,000, or $0.08 loss per share, compared to a net loss of $793,000, or $0.06 loss per share, in the same period last year. Non-GAAP net income was $3.0 million, or $0.18 per share, compared to $3.6 million, or $0.26 per share, for the first nine months of last year. Adjusted EBITDA for the first nine months was $5.8 million, compared to $5.6 million in first nine months of fiscal 2011.
Investor Conference Call
Management will host a conference call today, March 8, 2012, at 2:00 p.m. PT (5:00 p.m. ET) to review the third quarter 2012 financial results. The call can be accessed by dialing (888) 846-5003 or (480) 629-9856 for international callers. Additionally, the conference call will be broadcast live on Daegis’ website at www.daegis.com. A replay of the call will be available through 11:59 p.m. ET on March 16, 2012 by dialing (800) 406-7325 or (303) 590-3030 for international callers and using the following passcode: 4515355#.About Daegis Daegis (NASDAQ: DAEG) delivers eDiscovery and information management solutions. The Daegis eDiscovery Platform serves corporate and law firm clients by combining technology and services to deliver the industry’s most complete solution. Daegis also provides managed document review services with predictable pricing to contain costs and promote efficiency in a defensible manner. For additional information, visit www.daegis.com or follow us via our blog, Twitter at @daegis and Facebook. Use of Non-GAAP Financial Information To supplement the Company's unaudited condensed consolidated financial statements presented in accordance with GAAP, Daegis uses certain Non-GAAP measures of financial performance. The presentation of these Non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from Non-GAAP financial measures used by other companies. In addition, these Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. For more information on these Non-GAAP financial measures including how they are calculated, please see the table in this release captioned "Reconciliation of GAAP to Non-GAAP Net Income" which includes a reconciliation of the GAAP results to Non-GAAP results.