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Daegis Reports Fourth Quarter And Fiscal 2012 Year-End Financial Results

Fiscal 2012 Year End Financial Results

Total revenue for fiscal 2012 was $43.5 million, compared to $47.0 million for the same period of the prior year. GAAP net loss for fiscal 2012 was $16.7 million, or $1.16 loss per share, compared to a net loss of $16.7 million, or $1.23 loss per share, in the same period last year.

Non-GAAP net income was $2.6 million, or $0.16 per share, compared to $4.8 million, or $0.34 per share, for last year. Adjusted EBITDA was $6.1 million, compared to $7.6 million in fiscal 2011.

Investor Conference Call

Management will host a conference call today, July 17, 2012, at 2:00 p.m. PT (5:00 p.m. ET) to review the fourth quarter and year end 2012 financial results. The call can be accessed by dialing (877) 941-2068 or (480) 629-9712 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 July 26, 2012 by dialing (800) 406-7325 or (303) 590-3030 for international callers and using the following passcode: 4552575#.

About Daegis

Daegis delivers eDiscovery and information management solutions. Daegis’ eDiscovery Platform combines technology and on-demand services to deliver end-to-end and cost-effective solutions for corporations and law firms. The Company’s information management business delivers solutions for developing, managing, modernizing, and archiving application and business data. For additional information, visit www.daegis.com and follow us on our blog and Twitter at @daegis .

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 tables in this release captioned "Reconciliation of GAAP to Non-GAAP Net Income" which includes a reconciliation of the GAAP results to Non-GAAP results as well as Adjusted EBITDA.

Stock quotes in this article: DAEG 

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