Retalix Q3 revenue surged 85% to $15m

Company netted $362K compared with losing $566K in parallel quarter
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Retalix (Nasdaq:RTLX) met guidance with its third-quarter results. The company, which makes software solutions for retailers, today reported quarterly revenue of $15.1 million, about 85% more than in the corresponding quarter of 2000.

According to chief executive Barry Shaked, Retalix brought in operating profit of $569,000, against losing $706,000 in the parallel.

It netted $362,000, or 3 cents per share, compared with losing $566,000 or 5 cents per share in the third quarter of 2000.

For the first nine months of 2001, Retalix posted a 91% surge in revenue to $43.8 million, compared with $22.9 million in the parallel.

It netted about $3.4 million, or 28 cents per share, compared with losing $1.4 million in the parallel nine months of 2000, or 13 cents per share.

"We are pleased to report another quarter of record revenues and continuing profitability, powered by ongoing rollouts of our market leading software solutions to leading names in the grocery and convenience store sectors," Shaked commented, adding that most of the company's growth is generated in North America. That market alone contributed 60% of Retalix's sales during the third quarter, he said.

On the acquisition of privately-held Dayton, Ohio company BASS, Shaked commented, "(it) adds another 2,300 stores to Retalix's install-base and expands our marketing reach and back office software capabilities for medium-sized U.S. grocery chains." BASS designs and develops retail automation software applications for the tier-two grocery market.