This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cimatron Reports $1.0M Non-GAAP Operating Profit In The Third Quarter Of 2012

Stocks in this article: CIMT

CONSOLIDATED BALANCE SHEETS

(US Dollars in thousands)

                                                              September 30,  December 31,
                                                                   2012          2011
 
                 ASSETS
    CURRENT
    ASSETS:
             Total cash, cash equivalents and short-term
             investments                                         $ 12,276     $ 11,787
             Trade receivables                                      4,555        5,840
             Other current assets                                   1,669        1,452
             Total current assets                                  18,500       19,079
 
             Deposits with insurance companies and severance 
             pay fund                                               3,132        3,069
 
             Net property and equipment                               941        1,009
 
             Total other assets                                    10,649       11,365
 
             Total assets                                        $ 33,222     $ 34,522
 
             LIABILITIES AND SHAREHOLDERS' EQUITY
    CURRENT
    LIABILITIES:
             Short-term bank credit                                  $ 47         $ 87
             Trade payables                                         1,052        1,072
             Accrued expenses and other liabilities                 5,263        9,048
             Deferred revenues                                      4,468        2,403
             Total current liabilities                             10,830       12,610
 
    LONG-TERM
    LIABILITIES:
             Accrued severance pay                                  4,193        4,135
             Long-term loan                                             -            6
             Deferred tax liability                                   366          639
             Total long-term liabilities                            4,559        4,780
 
             Total shareholders' equity                            17,833       17,132
             Total liabilities and shareholders' equity          $ 33,222     $ 34,522

CIMATRON LIMITED

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

  (US Dollars in thousands)

                                                                    Accumulated
                                                                       other
                                                        Additional comprehensive
                                 Noncontrolling  Share   paid-in      income
                                    Interest    capital  capital      (loss)
    Balance at December 31,
    2011                              $ (131)   $ 313   $ 18,999       $ (446)
    Changes during the nine
    months ended September 30,
    2012:
    Net income                             24
    Cash dividend paid
    Exercise of share options                       -         40
    Unrealized gain on
    derivative instruments                                                 218
    Other                                                                    7
    Foreign currency
    translation adjustment                                                (77)
    Total comprehensive income
    Balance at September 30,
    2012                              $ (107)   $ 313   $ 19,039       $ (298)

Table continued…

                                 Retained
                                 earnings                                Total
                               (accumulated  Treasury  Comprehensive  shareholders'
                                 deficit)     stock    income (loss)    equity
    Balance at December 31,
    2011                           $ (851)  $ (752)                    $ 17,132
    Changes during the nine
    months ended September
    30, 2012:
    Net income                      2,352                  2,376         2,376
    Cash dividend paid             (1,863)                              (1,863)
    Exercise of share
    options                                                                 40
    Unrealized gain on
    derivative instruments                                   218           218
    Other                                                      7             7
    Foreign currency
    translation adjustment                                   (77)          (77)
    Total comprehensive
    income                                                 2,524
    Balance at September 30,
    2012                           $ (362)  $ (752)                   $ 17,833

CIMATRON LIMITED

6 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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