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Direct Insite Announces Third Quarter Results

Stocks in this article: DIRI

The Company will hold an earnings webcast for the third quarter 2012 on Friday, November 16, 2012 at 10:00 AM (Eastern). This call is being webcast by PrecisionIR and can be accessed at www.InvestorCalendar.com. Participant toll-free dial-in is (877) 407-9210.

       

Summarized Financial Information

 

               
FOR THE THREE FOR THE THREE FOR THE NINE FOR THE NINE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
STATEMENTS OF OPERATIONS   SEPTEMBER 30, 2012   SEPTEMBER 30, 2011   SEPTEMBER 30, 2012   SEPTEMBER 30, 2011
Revenue $ 2,168,000 $ 2,263,000 $ 6,550,000 $ 6,416,000
Operating Income (Loss) $ 103,000 $ 204,000 $ 245,000 $ (531,000 )
Other (Expense) Income, Net $ (11,000 ) $ 12,000 $ (17,000 ) $ (192,000 )
Income (Loss) Before Income Taxes $ 92,000 $ 216,000 $ 228,000 $ (723,000 )
Provision for Income Taxes $ - $ - $ - $ -
Net Income (Loss) $ 92,000 $ 216,000 $ 228,000 $ (723,000 )
Basic and Diluted Income (Loss) per Share $ 0.01   $ (0.02 ) $ 0.02   $ (0.06 )
                                 
         
BALANCE SHEET   SEPTEMBER 30, 2012   DECEMBER 31, 2011
Total Current Assets   $ 3,246,000   $ 2,749,000
Total Assets $ 5,010,000 $ 4,528,000
Total Current Liabilities $ 1,529,000 $ 1,611,000
Total Liabilities $ 1,747,000 $ 1,892,000
Total Stockholders' Equity $ 3,263,000 $ 2,636,000
         
                 
  FOR THE THREE   FOR THE THREE  
MONTHS ENDED MONTHS ENDED (DECREASE)
REVENUE, NET OF SIEMENS SCANNING   SEPTEMBER 30, 2012   SEPTEMBER 30, 2011   INCREASE
Total Revenue $ 2,168,000 $ 2,263,000 (4.2 ) %
Siemens Scanning Revenue $ -   $ (117,000 ) (100.0 ) %
Revenue, net of Siemens Scanning $ 2,168,000   $ 2,146,000   1.0 %
                 
               
  FOR THE NINE   FOR THE NINE  
MONTHS ENDED MONTHS ENDED (DECREASE)
REVENUE, NET OF SIEMENS SCANNING   SEPTEMBER 30, 2012   SEPTEMBER 30, 2011   INCREASE
Total Revenue $ 6,550,000 $ 6,416,000 2.1 %
Siemens Scanning Revenue $ (30,000 ) $ (355,000 ) (91.6 ) %
Revenue, net of Siemens Scanning $ 6,520,000   $ 6,061,000   7.6 %
               
 

FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

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