SEATTLE - February 14, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its fourth quarter and fiscal year 2006 financial results and conference call for Thursday, March 1, 2007, after market close. Jeff Coombs, president and CEO of Insightful, and Richard Barber, CFO of Insightful, will be present on the conference call. The call will begin at 2:00 p.m. PT (5:00 p.m. ET).
The company invites the public to submit questions for management via e-mail to investor@insightful.com. Responses to selected questions submitted on or before February 26, 2007 will be provided on the call. Written responses to selected questions about the company’s financial results received after the call, and before the close of business on the first business day after the call, will be posted in the Investor Relations section of the Insightful website (http://www.insightful.com/investors/), and if appropriate, filed with the Securities and Exchange Commission on Form 8-K. There will be no live question and answer session during the call.
Statistical analysis software
Friday, October 3, 2008
Insightful Schedules Announcement of Financial Results for Fourth Quarter and Fiscal Year 2006
SEATTLE - February 14, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its fourth quarter and fiscal year 2006 financial results and conference call for Thursday, March 1, 2007, after market close. Jeff Coombs, president and CEO of Insightful, and Richard Barber, CFO of Insightful, will be present on the conference call. The call will begin at 2:00 p.m. PT (5:00 p.m. ET).
The company invites the public to submit questions for management via e-mail to investor@insightful.com. Responses to selected questions submitted on or before February 26, 2007 will be provided on the call. Written responses to selected questions about the company’s financial results received after the call, and before the close of business on the first business day after the call, will be posted in the Investor Relations section of the Insightful website (http://www.insightful.com/investors/), and if appropriate, filed with the Securities and Exchange Commission on Form 8-K. There will be no live question and answer session during the call.
Statistical analysis software
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its fourth quarter and fiscal year 2006 financial results and conference call for Thursday, March 1, 2007, after market close. Jeff Coombs, president and CEO of Insightful, and Richard Barber, CFO of Insightful, will be present on the conference call. The call will begin at 2:00 p.m. PT (5:00 p.m. ET).
The company invites the public to submit questions for management via e-mail to investor@insightful.com. Responses to selected questions submitted on or before February 26, 2007 will be provided on the call. Written responses to selected questions about the company’s financial results received after the call, and before the close of business on the first business day after the call, will be posted in the Investor Relations section of the Insightful website (http://www.insightful.com/investors/), and if appropriate, filed with the Securities and Exchange Commission on Form 8-K. There will be no live question and answer session during the call.
Statistical analysis software
National Council for Social Security Fund of the People's Republic of China Standardizes on S-PLUS®
SSF will deploy S-PLUS as its predictive analytic and reporting platform for risk management and investment performance
SEATTLE - February 26, 2007 -
Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the National Council for Social Security Fund (SSF) of the People’s Republic of China has selected Insightful’s S-PLUS® as its primary analytics platform for building the SSF’s internal metric system for risk management and investment performance.
SSF, established to manage and operate more than $25 billion in assets of the National Social Security Fund, chose Insightful’s S-PLUS product family after a thorough analysis of most of the commercially available statistical software packages available. SSF will use the Insightful platform’s advanced quantitative and scientific approaches to build predictive models in order to accurately predict risk and thereby minimize economic surprises. By developing an S-PLUS-based investment performance system, the fund’s goals are to improve returns and manage risks more effectively.
“Given our mandate for building an internal metric system for risk management and investment performance, we needed a strong analytics platform that will help us to quickly build and test predictive quantitative models,” said Mr. Su Yuansheng, project leader of Information Research Division of SSF. “We chose S-PLUS over competitors including SAS and SPSS because of the economic value it provides with its flexible and rapid prototyping and its proven capabilities in modeling and analyzing financial market data.”
In addition to S-PLUS, SSF will also be deploying Insightful’s S+FinMetrics® and S+NuOPT™. S+FinMetrics is a specialized software solution for modeling, analyzing, and visualizing financial market data. The software offers a modern, and flexible analytic environment for reliable and robust, predictive econometric modeling. S+NuOPT combines powerful statistics and graphics with large-scale optimization problem solving. It is specifically designed to optimize large portfolios of assets and liabilities. By deploying Insightful’s analytics platform, SSF can quickly develop an investment metric system that enables better decision making in risk and performance management.
“We are very pleased to have the S-PLUS product family selected by the National Council for Social Security Fund after such a thorough and rigorous evaluation process,” said Jeff Coombs, president and chief executive officer of Insightful. “Being selected by the SSF is not only highly prestigious for Insightful, but an important step in our strategy to build Insightful’s presence in China.”
ABOUT SSF
In August 2000, the Central Committee of CPC and the State Council established a National Social Security Fund (NSSF), and set up National Council for Social Security Fund (SSF) for managing and operating the NSSF's assets. NSSF aims to be a solution to the problem of aging and serves as a strategic reserve fund accumulated by the central government to support future social security expenditures. SSF is responsible for the management and operation of NSSF, including selecting investment managers and custodians of the NSSF, to mandate them with and to monitor the investment operation and custody of the NSSF assets, and to invest directly in prescriptive markets in accordance with the related laws and regulations. During the past few years the SSF has diversified its investments and in 2004 the State Council agreed that NSSF could be invested in overseas markets.
Statistical analysis software
SEATTLE - February 26, 2007 -
Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the National Council for Social Security Fund (SSF) of the People’s Republic of China has selected Insightful’s S-PLUS® as its primary analytics platform for building the SSF’s internal metric system for risk management and investment performance.
SSF, established to manage and operate more than $25 billion in assets of the National Social Security Fund, chose Insightful’s S-PLUS product family after a thorough analysis of most of the commercially available statistical software packages available. SSF will use the Insightful platform’s advanced quantitative and scientific approaches to build predictive models in order to accurately predict risk and thereby minimize economic surprises. By developing an S-PLUS-based investment performance system, the fund’s goals are to improve returns and manage risks more effectively.
“Given our mandate for building an internal metric system for risk management and investment performance, we needed a strong analytics platform that will help us to quickly build and test predictive quantitative models,” said Mr. Su Yuansheng, project leader of Information Research Division of SSF. “We chose S-PLUS over competitors including SAS and SPSS because of the economic value it provides with its flexible and rapid prototyping and its proven capabilities in modeling and analyzing financial market data.”
In addition to S-PLUS, SSF will also be deploying Insightful’s S+FinMetrics® and S+NuOPT™. S+FinMetrics is a specialized software solution for modeling, analyzing, and visualizing financial market data. The software offers a modern, and flexible analytic environment for reliable and robust, predictive econometric modeling. S+NuOPT combines powerful statistics and graphics with large-scale optimization problem solving. It is specifically designed to optimize large portfolios of assets and liabilities. By deploying Insightful’s analytics platform, SSF can quickly develop an investment metric system that enables better decision making in risk and performance management.
“We are very pleased to have the S-PLUS product family selected by the National Council for Social Security Fund after such a thorough and rigorous evaluation process,” said Jeff Coombs, president and chief executive officer of Insightful. “Being selected by the SSF is not only highly prestigious for Insightful, but an important step in our strategy to build Insightful’s presence in China.”
ABOUT SSF
In August 2000, the Central Committee of CPC and the State Council established a National Social Security Fund (NSSF), and set up National Council for Social Security Fund (SSF) for managing and operating the NSSF's assets. NSSF aims to be a solution to the problem of aging and serves as a strategic reserve fund accumulated by the central government to support future social security expenditures. SSF is responsible for the management and operation of NSSF, including selecting investment managers and custodians of the NSSF, to mandate them with and to monitor the investment operation and custody of the NSSF assets, and to invest directly in prescriptive markets in accordance with the related laws and regulations. During the past few years the SSF has diversified its investments and in 2004 the State Council agreed that NSSF could be invested in overseas markets.
Statistical analysis software
Insightful Announces 2006 Fourth Quarter and Annual Results
Reports Record Quarterly and Annual Revenues
SEATTLE - March 1, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced operating results for the fourth quarter and year ended December 31, 2006.
Insightful reported revenues of $7.5 million for the fourth quarter of 2006, an increase of 14% over revenues of $6.6 million for the fourth quarter of 2005. Revenues from the company’s core Data Analysis business increased 18% for the fourth quarter of 2006 compared to the fourth quarter of 2005. The company reported net income of $0.3 million, or $0.02 per diluted share, for the fourth quarter of 2006, including stock-based compensation expense of $0.2 million. Net income for the fourth quarter of 2005 was $1.0 million, or $0.08 per diluted share. There was no stock-based compensation expense in the fourth quarter of 2005.
For the full year 2006, Insightful reported revenues of $24.0 million, an increase of 8% over revenues of $22.3 million for 2005. Revenues from the company’s core Data Analysis business increased 11% for 2006 compared to 2005. Net income for 2006 was $0.2 million, or $0.01 per diluted share, including stock-based compensation expense of $0.7 million. Net income for 2005 was $2.0 million, or $0.15 per diluted share. There was no stock-based compensation expense in 2005.
Non-GAAP earnings, which exclude stock-based compensation expense and amortization of intangible assets, were $0.7 million, or $0.05 per share, for the fourth quarter of 2006, compared to $1.2 million, or $0.09 per share, for the fourth quarter of 2005. Non-GAAP earnings for 2006 were $1.4 million, or $0.11 per share, compared to $2.6 million, or $0.20 per share, for 2005. As described in the section below entitled “Use of Non-GAAP Financial Measures,” non-GAAP earnings or loss differs from net income or loss reported under accounting principles generally accepted in the United States (GAAP) due to the exclusion of stock-based compensation expense and the amortization of intangible assets. A reconciliation of Insightful’s GAAP net income to its non-GAAP earnings for the fourth quarters and fiscal years ended December 31, 2006 and 2005 are set forth at the end of this release.
Insightful’s cash, cash equivalents, and short and long-term investments balance increased to $10.2 million at December 31, 2006, from $9.9 million at December 31, 2005. Deferred revenues were $6.2 million at December 31, 2006, compared to $6.3 million at December 31, 2005.
“The fourth quarter was the strongest revenue quarter in Insightful’s history,” said Jeff Coombs, president and CEO of Insightful Corporation. “It also marks our 15th consecutive quarter of year-over-year revenue growth. This growth was driven by our ability to sell larger, solutions-oriented deals to customers in both the life sciences and financial services industries, worldwide. For example, in the fourth quarter we did business in excess of a half-million dollars each with two pharmaceutical companies and one large European financial institution.”
“We continue to focus our efforts on building an organization capable of building, selling and delivering not only an enterprise scale S-PLUS platform but also vertically-oriented solutions, to enable the company to increase revenues at an even higher rate than we have recently experienced,” Coombs continued. “Our increased level of investment means short-term profits could be lower than they otherwise would be, in the interest of accelerating growth.”
Fourth Quarter 2006 Highlights
* Fourth quarter software license revenues were $3.6 million in both 2006 and 2005.
* Software maintenance revenues were $2.0 million in the fourth quarter of 2006, an increase of 18% over $1.7 million in the fourth quarter of 2005.
* Fourth quarter 2006 professional services and other revenues were $1.9 million, an increase of 40% over $1.3 million in the fourth quarter of 2005.
* Funded research, which is an offset to research and development expense in the company’s income statement, was $0.6 million in the fourth quarter 2006, compared to $0.5 million in the fourth quarter of 2005, representing an increase of 9%.
Through the fourth quarter of 2006, Insightful had two segments for its product and service offerings: Data Analysis and Text Analysis. Following are highlights for the quarter in each segment.
Data Analysis Financial Results
* Total Data Analysis revenues, which include software licenses, maintenance and professional services and other, were $7.3 million in the fourth quarter of 2006, an increase of 18% over $6.2 million in the fourth quarter of 2005.
* Data Analysis software license revenues were $3.5 million in the fourth quarter of 2006, an increase of 7% over $3.3 million in the fourth quarter of 2005.
* Data Analysis professional services and other revenues were $1.8 million in the fourth quarter of 2006, an increase of 49% over $1.2 million in the fourth quarter of 2005.
* Total domestic Data Analysis revenues were $4.0 million in the fourth quarters of 2006 and 2005.
* Total international Data Analysis revenues were $3.4 million in the fourth quarter of 2006, an increase of 51% over $2.2 million in the fourth quarter of 2005.
Text Analysis Financial Results
* Total Text Analysis revenues, which include software licenses and professional services, were $123,000 in the fourth quarter of 2006, compared to $346,000 in the fourth quarter of 2005.
* Text Analysis license revenues were $113,000 in the fourth quarter of 2006, compared to $262,000 in the fourth quarter of 2005.
* Text Analysis professional services and other revenues were $10,000 in the fourth quarter of 2006, compared to $84,000 in the fourth quarter of 2005.
“We did business in excess of $1 million dollars with two data analysis customers in 2006, one of which was in excess of $2 million. We did business in excess of $500,000 with four customers. Our strong Data Analysis business enabled us to achieve overall growth despite significant declines in revenues from our Text Analysis business,” Coombs said. “We continue to believe that the greatest opportunities for Insightful are in Data Analysis, so that is where we have put most of our focus and resources.”
“Beginning in the first quarter of 2007 we are integrating our Text Analysis product lines more closely with our Data Analysis business, and will no longer treat Text Analysis as a separate division,” continued Coombs. “Rather, we’ll treat it as a separate product line, similar to how we treat other products in our portfolio.”
Fiscal Year 2006 Highlights
* Software license revenues were $10.6 million in 2006, an increase of 1% over $10.5 million in 2005.
o Software maintenance revenues were $7.5 million in 2006, an increase of 12% over $6.7 million in 2005.
* Professional services and other revenues were $6.0 million in 2006, an increase of 15% over $5.2 million in 2005.
* Gross profit margin was 76% in 2006, compared to 78% in 2005.
* Cash flows from operations were $2.0 million in 2006, compared to $1.4 million in 2005.
Data Analysis Financial Results
* Total Data Analysis revenues, which include software licenses, maintenance and professional services and other, were $23.0 million in 2006, an increase of 11% over $20.8 million in 2005.
* Data Analysis software license revenues were $9.7 million in 2006, an increase of 4% over $9.3 million in 2005.
* Data Analysis professional services and other revenues were $5.8 million in 2006, an increase of 23% over $4.8 million in 2005.
* Total domestic Data Analysis revenues were $13.3 million in 2006, an increase of 6% over $12.5 million in 2005.
* Total international Data Analysis revenues were $9.7 million in 2006, an increase of 19% over $8.2 million in 2005.
* Funded research, which is an offset to research and development expense in the company’s income statement, increased to $2.3 million in 2006, as compared to $2.2 million in 2005.
Text Analysis Financial Results
* Total Text Analysis revenues, which include software licenses and professional services, were $1.0 million in 2006, compared to $1.6 million in 2005.
* Text Analysis license revenues were $0.9 million in 2006, compared to $1.1 million in 2005.
* Text Analysis professional services and other revenues were $0.1 million in 2006, compared to $0.4 million in 2005.
Product Releases
In 2006, Insightful released the following data analysis products:
* the beta version of S-PLUS® 8, the next major release of Insightful’s software platform for statistical data analysis and predictive analytics.
* FAME S+Connector™, an integration module that allows S-PLUS® to integrate with SunGard’s FAME data management solution for managing high-volume time series data in the financial services market.
* Insightful Dynamic Reporting Suite, which provides on demand predictive analytic reporting for business users.
Guidance
For the first quarter of 2007, Insightful expects revenues to increase over the first quarter of 2006. Consistent with the seasonal nature of its business, the company expects revenues in the first quarter of 2007 to decline from the fourth quarter of 2006. The company expects costs in the first quarter of 2007 to be higher than in the fourth quarter of 2006, as it continues to set the foundation for future growth by investing in sales, marketing and development of its products and solutions and as it incurs costs associated with complying with Sarbanes-Oxley Section 404. Because of these investments, management believes Insightful will incur both a GAAP and a non-GAAP loss in the first quarter of 2007. For the year 2007, the company expects increases in both revenues and costs over 2006.
Use of Non-GAAP Financial Measures
The non-GAAP financial measure of earnings included in this press release is different from the GAAP measure of net income, as this non-GAAP measure excludes certain charges otherwise included in the computation of net income or loss. Insightful believes that this non-GAAP measure is useful to enhance an overall understanding of its past financial performance and also its prospects for the future. These adjustments to the company’s GAAP results are presented with the intent of providing both management and investors a more complete understanding of Insightful’s underlying operating results and trends. This non-GAAP measure is among the primary indicators that management uses as a basis for planning and forecasting of future periods.
The charges excluded from Insightful’s GAAP results include stock-based compensation expense and amortization of intangible assets arising from the 2004 acquisition from Lucent Technologies, Inc. of the title to the software code underlying the “S” programming language. Stock-based compensation expense and amortization of intangible assets have no current effect on cash or the future uses of cash. Insightful’s stock-based compensation expense fluctuates with changes in the company’s stock price and interest rates. For this reason, changes in stock prices and interest rates could mask variation and trends in Insightful’s GAAP operating results that may otherwise be important to an understanding of the company’s results. The acquisition of intangible assets was an event outside of the course of Insightful’s normal business operations. For these reasons, management believes that exclusion of stock-based compensation expense and amortization of intangible assets may be important to an understanding of Insightful’s ongoing operating performance.
Reconciliations of GAAP to non-GAAP results are as follows:
Statistical analysis software
SEATTLE - March 1, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced operating results for the fourth quarter and year ended December 31, 2006.
Insightful reported revenues of $7.5 million for the fourth quarter of 2006, an increase of 14% over revenues of $6.6 million for the fourth quarter of 2005. Revenues from the company’s core Data Analysis business increased 18% for the fourth quarter of 2006 compared to the fourth quarter of 2005. The company reported net income of $0.3 million, or $0.02 per diluted share, for the fourth quarter of 2006, including stock-based compensation expense of $0.2 million. Net income for the fourth quarter of 2005 was $1.0 million, or $0.08 per diluted share. There was no stock-based compensation expense in the fourth quarter of 2005.
For the full year 2006, Insightful reported revenues of $24.0 million, an increase of 8% over revenues of $22.3 million for 2005. Revenues from the company’s core Data Analysis business increased 11% for 2006 compared to 2005. Net income for 2006 was $0.2 million, or $0.01 per diluted share, including stock-based compensation expense of $0.7 million. Net income for 2005 was $2.0 million, or $0.15 per diluted share. There was no stock-based compensation expense in 2005.
Non-GAAP earnings, which exclude stock-based compensation expense and amortization of intangible assets, were $0.7 million, or $0.05 per share, for the fourth quarter of 2006, compared to $1.2 million, or $0.09 per share, for the fourth quarter of 2005. Non-GAAP earnings for 2006 were $1.4 million, or $0.11 per share, compared to $2.6 million, or $0.20 per share, for 2005. As described in the section below entitled “Use of Non-GAAP Financial Measures,” non-GAAP earnings or loss differs from net income or loss reported under accounting principles generally accepted in the United States (GAAP) due to the exclusion of stock-based compensation expense and the amortization of intangible assets. A reconciliation of Insightful’s GAAP net income to its non-GAAP earnings for the fourth quarters and fiscal years ended December 31, 2006 and 2005 are set forth at the end of this release.
Insightful’s cash, cash equivalents, and short and long-term investments balance increased to $10.2 million at December 31, 2006, from $9.9 million at December 31, 2005. Deferred revenues were $6.2 million at December 31, 2006, compared to $6.3 million at December 31, 2005.
“The fourth quarter was the strongest revenue quarter in Insightful’s history,” said Jeff Coombs, president and CEO of Insightful Corporation. “It also marks our 15th consecutive quarter of year-over-year revenue growth. This growth was driven by our ability to sell larger, solutions-oriented deals to customers in both the life sciences and financial services industries, worldwide. For example, in the fourth quarter we did business in excess of a half-million dollars each with two pharmaceutical companies and one large European financial institution.”
“We continue to focus our efforts on building an organization capable of building, selling and delivering not only an enterprise scale S-PLUS platform but also vertically-oriented solutions, to enable the company to increase revenues at an even higher rate than we have recently experienced,” Coombs continued. “Our increased level of investment means short-term profits could be lower than they otherwise would be, in the interest of accelerating growth.”
Fourth Quarter 2006 Highlights
* Fourth quarter software license revenues were $3.6 million in both 2006 and 2005.
* Software maintenance revenues were $2.0 million in the fourth quarter of 2006, an increase of 18% over $1.7 million in the fourth quarter of 2005.
* Fourth quarter 2006 professional services and other revenues were $1.9 million, an increase of 40% over $1.3 million in the fourth quarter of 2005.
* Funded research, which is an offset to research and development expense in the company’s income statement, was $0.6 million in the fourth quarter 2006, compared to $0.5 million in the fourth quarter of 2005, representing an increase of 9%.
Through the fourth quarter of 2006, Insightful had two segments for its product and service offerings: Data Analysis and Text Analysis. Following are highlights for the quarter in each segment.
Data Analysis Financial Results
* Total Data Analysis revenues, which include software licenses, maintenance and professional services and other, were $7.3 million in the fourth quarter of 2006, an increase of 18% over $6.2 million in the fourth quarter of 2005.
* Data Analysis software license revenues were $3.5 million in the fourth quarter of 2006, an increase of 7% over $3.3 million in the fourth quarter of 2005.
* Data Analysis professional services and other revenues were $1.8 million in the fourth quarter of 2006, an increase of 49% over $1.2 million in the fourth quarter of 2005.
* Total domestic Data Analysis revenues were $4.0 million in the fourth quarters of 2006 and 2005.
* Total international Data Analysis revenues were $3.4 million in the fourth quarter of 2006, an increase of 51% over $2.2 million in the fourth quarter of 2005.
Text Analysis Financial Results
* Total Text Analysis revenues, which include software licenses and professional services, were $123,000 in the fourth quarter of 2006, compared to $346,000 in the fourth quarter of 2005.
* Text Analysis license revenues were $113,000 in the fourth quarter of 2006, compared to $262,000 in the fourth quarter of 2005.
* Text Analysis professional services and other revenues were $10,000 in the fourth quarter of 2006, compared to $84,000 in the fourth quarter of 2005.
“We did business in excess of $1 million dollars with two data analysis customers in 2006, one of which was in excess of $2 million. We did business in excess of $500,000 with four customers. Our strong Data Analysis business enabled us to achieve overall growth despite significant declines in revenues from our Text Analysis business,” Coombs said. “We continue to believe that the greatest opportunities for Insightful are in Data Analysis, so that is where we have put most of our focus and resources.”
“Beginning in the first quarter of 2007 we are integrating our Text Analysis product lines more closely with our Data Analysis business, and will no longer treat Text Analysis as a separate division,” continued Coombs. “Rather, we’ll treat it as a separate product line, similar to how we treat other products in our portfolio.”
Fiscal Year 2006 Highlights
* Software license revenues were $10.6 million in 2006, an increase of 1% over $10.5 million in 2005.
o Software maintenance revenues were $7.5 million in 2006, an increase of 12% over $6.7 million in 2005.
* Professional services and other revenues were $6.0 million in 2006, an increase of 15% over $5.2 million in 2005.
* Gross profit margin was 76% in 2006, compared to 78% in 2005.
* Cash flows from operations were $2.0 million in 2006, compared to $1.4 million in 2005.
Data Analysis Financial Results
* Total Data Analysis revenues, which include software licenses, maintenance and professional services and other, were $23.0 million in 2006, an increase of 11% over $20.8 million in 2005.
* Data Analysis software license revenues were $9.7 million in 2006, an increase of 4% over $9.3 million in 2005.
* Data Analysis professional services and other revenues were $5.8 million in 2006, an increase of 23% over $4.8 million in 2005.
* Total domestic Data Analysis revenues were $13.3 million in 2006, an increase of 6% over $12.5 million in 2005.
* Total international Data Analysis revenues were $9.7 million in 2006, an increase of 19% over $8.2 million in 2005.
* Funded research, which is an offset to research and development expense in the company’s income statement, increased to $2.3 million in 2006, as compared to $2.2 million in 2005.
Text Analysis Financial Results
* Total Text Analysis revenues, which include software licenses and professional services, were $1.0 million in 2006, compared to $1.6 million in 2005.
* Text Analysis license revenues were $0.9 million in 2006, compared to $1.1 million in 2005.
* Text Analysis professional services and other revenues were $0.1 million in 2006, compared to $0.4 million in 2005.
Product Releases
In 2006, Insightful released the following data analysis products:
* the beta version of S-PLUS® 8, the next major release of Insightful’s software platform for statistical data analysis and predictive analytics.
* FAME S+Connector™, an integration module that allows S-PLUS® to integrate with SunGard’s FAME data management solution for managing high-volume time series data in the financial services market.
* Insightful Dynamic Reporting Suite, which provides on demand predictive analytic reporting for business users.
Guidance
For the first quarter of 2007, Insightful expects revenues to increase over the first quarter of 2006. Consistent with the seasonal nature of its business, the company expects revenues in the first quarter of 2007 to decline from the fourth quarter of 2006. The company expects costs in the first quarter of 2007 to be higher than in the fourth quarter of 2006, as it continues to set the foundation for future growth by investing in sales, marketing and development of its products and solutions and as it incurs costs associated with complying with Sarbanes-Oxley Section 404. Because of these investments, management believes Insightful will incur both a GAAP and a non-GAAP loss in the first quarter of 2007. For the year 2007, the company expects increases in both revenues and costs over 2006.
Use of Non-GAAP Financial Measures
The non-GAAP financial measure of earnings included in this press release is different from the GAAP measure of net income, as this non-GAAP measure excludes certain charges otherwise included in the computation of net income or loss. Insightful believes that this non-GAAP measure is useful to enhance an overall understanding of its past financial performance and also its prospects for the future. These adjustments to the company’s GAAP results are presented with the intent of providing both management and investors a more complete understanding of Insightful’s underlying operating results and trends. This non-GAAP measure is among the primary indicators that management uses as a basis for planning and forecasting of future periods.
The charges excluded from Insightful’s GAAP results include stock-based compensation expense and amortization of intangible assets arising from the 2004 acquisition from Lucent Technologies, Inc. of the title to the software code underlying the “S” programming language. Stock-based compensation expense and amortization of intangible assets have no current effect on cash or the future uses of cash. Insightful’s stock-based compensation expense fluctuates with changes in the company’s stock price and interest rates. For this reason, changes in stock prices and interest rates could mask variation and trends in Insightful’s GAAP operating results that may otherwise be important to an understanding of the company’s results. The acquisition of intangible assets was an event outside of the course of Insightful’s normal business operations. For these reasons, management believes that exclusion of stock-based compensation expense and amortization of intangible assets may be important to an understanding of Insightful’s ongoing operating performance.
Reconciliations of GAAP to non-GAAP results are as follows:
Statistical analysis software
Insightful Corporation Schedules Announcement of Financial Results for First Quarter 2007
SEATTLE - April 18, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its first quarter 2007 financial results and conference call for Friday, May 4th, 2007, after market close. Jeff Coombs, president and CEO of Insightful, and Richard Barber, CFO of Insightful, will be present on the conference call. The call will begin at 2:00 p.m. PT (5:00 p.m. ET).
The company invites the public to submit questions for management via e-mail to investor@insightful.com. Responses to selected questions submitted on or before May 2nd, 2007 will be provided on the call. Written responses to selected questions about the company’s financial results received after the call, and before the close of business on the first business day after the call, will be posted in the Investor Relations section of the Insightful website (http://www.insightful.com/investors/), and if appropriate, filed with the Securities and Exchange Commission on Form 8-K. There will be no live question and answer session during the call.
Statistical analysis software
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its first quarter 2007 financial results and conference call for Friday, May 4th, 2007, after market close. Jeff Coombs, president and CEO of Insightful, and Richard Barber, CFO of Insightful, will be present on the conference call. The call will begin at 2:00 p.m. PT (5:00 p.m. ET).
The company invites the public to submit questions for management via e-mail to investor@insightful.com. Responses to selected questions submitted on or before May 2nd, 2007 will be provided on the call. Written responses to selected questions about the company’s financial results received after the call, and before the close of business on the first business day after the call, will be posted in the Investor Relations section of the Insightful website (http://www.insightful.com/investors/), and if appropriate, filed with the Securities and Exchange Commission on Form 8-K. There will be no live question and answer session during the call.
Statistical analysis software
Insightful Announces Operating Results for First Quarter 2007
Reports 12% Revenue Growth over First Quarter 2006
SEATTLE - May 4, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced its operating results for the first quarter ended March 31, 2007.
Insightful reported total revenues of $6.2 million in the first quarter of 2007, an increase of 12% over revenues of $5.5 million in the first quarter of 2006. Total revenues associated with the company’s core data analysis product line increased by 16% in the first quarter of 2007 compared to the first quarter of 2006. Revenues associated with the company’s text analysis product, InFact, decreased from $0.4 million in the first quarter of 2006 to $0.2 million in the first quarter of 2007. For the first quarter of 2007, Insightful reported a net loss of $1.1 million, or $0.09 per share. Net loss for the first quarter of 2006 was $43,000, or break-even per share.
Non-GAAP operating results, which exclude stock-based compensation expense and amortization of intangible assets, was a loss of $0.8 million, or $0.06 per share, for the first quarter of 2007, compared to non-GAAP earnings of $0.3 million, or $0.02 per share, for the first quarter of 2006. As described in the section below entitled “Use of Non-GAAP Financial Measures,” non-GAAP earnings or loss differs from net income or loss reported under accounting principles generally accepted in the United States (GAAP) due to the exclusion of stock-based compensation expense and the amortization of intangible assets. The reconciliation of Insightful’s GAAP net loss to its non-GAAP operating results for the quarters ended March 31, 2007 and 2006 are set forth at the end of this release.
“The first quarter marked our second consecutive quarter of double digit year-over-year revenue growth,” said Jeff Coombs, president and CEO of Insightful Corporation. “More importantly, we made significant progress in building our vertical solutions organization and enhancing our platform development team. While the increased investments contributed to a loss in the first quarter, they are aimed at creating a product and solutions portfolio that will enable us to accelerate our growth. Our product investment strategy is focused on delivering an increasingly enterprise-scalable predictive analytic platform, and to that end we plan to make our S-PLUS® 8.0 Enterprise Developer product generally available later this quarter. In addition, we plan to deliver a series of high-value solutions targeted at the life science and financial services industries starting later this year.”
Quarterly Highlights
* Software license revenues were $2.0 million in the first quarter of 2007, as compared to $2.4 million in the first quarter of 2006. License revenues from the company’s data analysis product line declined from $2.1 million to $1.9 million. License revenues from the company’s InFact product declined from $0.3 million to $0.1 million. Maintenance revenues were $2.0 million in the first quarter of 2007, as compared to $1.8 million in the first quarter of 2006.
* Professional services and other revenues were $2.1 million in the first quarter of 2007, as compared to $1.3 million in the first quarter of 2006.
* Funded research, which is an offset to research and development expense in the company’s income statement, was $0.5 million in the first quarter of 2007, as compared to $0.6 million in the first quarter of 2006.
* Domestic revenues were $3.1 million in the first quarter of 2007, as compared to $3.4 million in the first quarter of 2006. International revenues were $3.1 million in the first quarter of 2007, as compared to $2.2 million in the first quarter of 2006.
* The company merged its data analysis and text analysis business segments. The S-PLUS predictive analytic product line and the InFact text analytic product will be sold by a single, worldwide enterprise sales force. The company’s current product development and marketing focus is on its data analysis product line.
* The company accelerated its investment in solutions focused on the financial services and life sciences vertical markets, and on enhancing its core S-PLUS predictive analytic platform. As a result, net research and development expenses increased 38% to $1.5 million in the first quarter of 2007, from $1.1 million in the first quarter of 2006, and increased as a percentage of revenues from 20% to 24%. .
Guidance
For the second quarter of 2007, Insightful expects revenues to increase over the second quarter of 2006. The company expects costs in the second quarter of 2007 to be higher than in the first quarter of 2007 as it continues to set the foundation for future growth by investing in sales, marketing and development of its product lines. Because of these investments, management believes the company will incur both a GAAP and a non-GAAP loss in the second quarter of 2007.
Use of Non-GAAP Financial Measures
The non-GAAP financial measure of earnings or loss included in this press release is different from the GAAP measure of net income or loss, as this non-GAAP measure excludes certain expenses otherwise included in the computation of net income or loss. Insightful believes this non-GAAP measure is useful to enhance an overall understanding of its past financial performance and also its prospects for the future. These adjustments to the company’s GAAP results are presented with the intent of providing both management and investors a more complete understanding of Insightful’s underlying operating results and trends. This non-GAAP measure is among the primary indicators management uses as a basis for planning and forecasting of future periods.
The expenses excluded from Insightful’s GAAP results include stock-based compensation expense and amortization of intangible assets arising from the 2004 acquisition from Lucent Technologies, Inc. of the title to the software code underlying the “S” programming language. Stock-based compensation expense and amortization of intangible assets have no current effect on cash or the future uses of cash. Insightful’s stock-based compensation expense fluctuates with changes in the company’s stock price and interest rates. For this reason, changes in stock prices and interest rates could mask variation and trends in Insightful’s GAAP operating results that may otherwise be important to an understanding of the company’s results. The acquisition of intangible assets was an event outside of the course of Insightful’s normal business operations. For these reasons, management believes that exclusion of stock-based compensation expense and amortization of intangible assets may be important to an understanding of Insightful’s ongoing operating performance.
Statistical analysis software
SEATTLE - May 4, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced its operating results for the first quarter ended March 31, 2007.
Insightful reported total revenues of $6.2 million in the first quarter of 2007, an increase of 12% over revenues of $5.5 million in the first quarter of 2006. Total revenues associated with the company’s core data analysis product line increased by 16% in the first quarter of 2007 compared to the first quarter of 2006. Revenues associated with the company’s text analysis product, InFact, decreased from $0.4 million in the first quarter of 2006 to $0.2 million in the first quarter of 2007. For the first quarter of 2007, Insightful reported a net loss of $1.1 million, or $0.09 per share. Net loss for the first quarter of 2006 was $43,000, or break-even per share.
Non-GAAP operating results, which exclude stock-based compensation expense and amortization of intangible assets, was a loss of $0.8 million, or $0.06 per share, for the first quarter of 2007, compared to non-GAAP earnings of $0.3 million, or $0.02 per share, for the first quarter of 2006. As described in the section below entitled “Use of Non-GAAP Financial Measures,” non-GAAP earnings or loss differs from net income or loss reported under accounting principles generally accepted in the United States (GAAP) due to the exclusion of stock-based compensation expense and the amortization of intangible assets. The reconciliation of Insightful’s GAAP net loss to its non-GAAP operating results for the quarters ended March 31, 2007 and 2006 are set forth at the end of this release.
“The first quarter marked our second consecutive quarter of double digit year-over-year revenue growth,” said Jeff Coombs, president and CEO of Insightful Corporation. “More importantly, we made significant progress in building our vertical solutions organization and enhancing our platform development team. While the increased investments contributed to a loss in the first quarter, they are aimed at creating a product and solutions portfolio that will enable us to accelerate our growth. Our product investment strategy is focused on delivering an increasingly enterprise-scalable predictive analytic platform, and to that end we plan to make our S-PLUS® 8.0 Enterprise Developer product generally available later this quarter. In addition, we plan to deliver a series of high-value solutions targeted at the life science and financial services industries starting later this year.”
Quarterly Highlights
* Software license revenues were $2.0 million in the first quarter of 2007, as compared to $2.4 million in the first quarter of 2006. License revenues from the company’s data analysis product line declined from $2.1 million to $1.9 million. License revenues from the company’s InFact product declined from $0.3 million to $0.1 million. Maintenance revenues were $2.0 million in the first quarter of 2007, as compared to $1.8 million in the first quarter of 2006.
* Professional services and other revenues were $2.1 million in the first quarter of 2007, as compared to $1.3 million in the first quarter of 2006.
* Funded research, which is an offset to research and development expense in the company’s income statement, was $0.5 million in the first quarter of 2007, as compared to $0.6 million in the first quarter of 2006.
* Domestic revenues were $3.1 million in the first quarter of 2007, as compared to $3.4 million in the first quarter of 2006. International revenues were $3.1 million in the first quarter of 2007, as compared to $2.2 million in the first quarter of 2006.
* The company merged its data analysis and text analysis business segments. The S-PLUS predictive analytic product line and the InFact text analytic product will be sold by a single, worldwide enterprise sales force. The company’s current product development and marketing focus is on its data analysis product line.
* The company accelerated its investment in solutions focused on the financial services and life sciences vertical markets, and on enhancing its core S-PLUS predictive analytic platform. As a result, net research and development expenses increased 38% to $1.5 million in the first quarter of 2007, from $1.1 million in the first quarter of 2006, and increased as a percentage of revenues from 20% to 24%. .
Guidance
For the second quarter of 2007, Insightful expects revenues to increase over the second quarter of 2006. The company expects costs in the second quarter of 2007 to be higher than in the first quarter of 2007 as it continues to set the foundation for future growth by investing in sales, marketing and development of its product lines. Because of these investments, management believes the company will incur both a GAAP and a non-GAAP loss in the second quarter of 2007.
Use of Non-GAAP Financial Measures
The non-GAAP financial measure of earnings or loss included in this press release is different from the GAAP measure of net income or loss, as this non-GAAP measure excludes certain expenses otherwise included in the computation of net income or loss. Insightful believes this non-GAAP measure is useful to enhance an overall understanding of its past financial performance and also its prospects for the future. These adjustments to the company’s GAAP results are presented with the intent of providing both management and investors a more complete understanding of Insightful’s underlying operating results and trends. This non-GAAP measure is among the primary indicators management uses as a basis for planning and forecasting of future periods.
The expenses excluded from Insightful’s GAAP results include stock-based compensation expense and amortization of intangible assets arising from the 2004 acquisition from Lucent Technologies, Inc. of the title to the software code underlying the “S” programming language. Stock-based compensation expense and amortization of intangible assets have no current effect on cash or the future uses of cash. Insightful’s stock-based compensation expense fluctuates with changes in the company’s stock price and interest rates. For this reason, changes in stock prices and interest rates could mask variation and trends in Insightful’s GAAP operating results that may otherwise be important to an understanding of the company’s results. The acquisition of intangible assets was an event outside of the course of Insightful’s normal business operations. For these reasons, management believes that exclusion of stock-based compensation expense and amortization of intangible assets may be important to an understanding of Insightful’s ongoing operating performance.
Statistical analysis software
Insightful Corporation Announces S-PLUS® 8 Upgrade Program
Maintenance customers for S-PLUS 6.2 and 7 Professional Developer versions can upgrade to S-PLUS 8 Enterprise Developer for free
SEATTLE - May 21, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today a free upgrade for maintenance customers of Insightful’s S-PLUS® 6.2 or 7 Professional Developer, to its S-PLUS 8 Enterprise Developer.
"We wanted to find the best way to say thank you to our loyal customers for 20 years of support and believe that delivering our most comprehensive development platform ever to the widest possible audience was a great start,” commented Jeff Coombs, president and CEO of Insightful. He added, “By waiving the software upgrade fee we hope to encourage as many of our users as possible to take advantage of the development breakthroughs available in S-PLUS 8.”
NEW FEATURES IN S-PLUS 8.0
* Workbench: This feature, originally introduced in S-PLUS 7, has been further enhanced in the 8 release. Programmers can speed the development of applications for competitive advantage by using the new debugger and profiler. The interactive debugger allows users to quickly debug S-PLUS code from within the S-PLUS workbench, and includes modern debugging tools such as step debugging and breakpoints. The profiler provides an environment for writing and developing functions in S-PLUS that allow profiling of time and memory allocation within S-PLUS tasks. The user can now optimize the code’s execution by evaluating where bottlenecks exist.
* Graphics enhancements: S-PLUS is already a leading platform for graphics creation and delivery. In version 8, Insightful has included a larger and normalized color palette as well as providing simplified code necessary to deliver complex graphs and charts. Whether a developer is creating graphics for submission to the FDA or distribution to a group of portfolio managers at an investment bank, S-PLUS 8 Enterprise Developer makes this task easier and more time efficient.
* S-PLUS Package System: With already 25 published packages available, S-PLUS 8 Enterprise Developer provides a convenient framework for creating and distributing libraries for S-PLUS and for converting packages written in R (S-PLUS’s open-source cousin) for use in S-PLUS.
* S language extensions: Over one hundred new functions have been added in order to support the graphics enhancements, the S-PLUS Package System and to augment compatibility with R. Types of functions that have been added include math, character, file manipulation and string manipulation.
UPGRADE PROGRAM DETAILS
Current maintenance customers with the S-PLUS 6.2 or 7 Professional Developer versions can upgrade to the S-PLUS 8 Enterprise Developer version for free. Insightful will waive the software upgrade fee until December 31st, 2007, for all current maintenance customers who purchased their copy of S-PLUS Professional Developer prior to May 21st, 2007.
To claim the free upgrade all current maintenance customers need to visit the Insightful website at http://www.insightful.com/upgrade and submit an upgrade request form with their license and contact information. Upgrade software will be shipped upon confirmation of license ownership and maintenance status.
Current customer maintenance contracts will remain in place until their current end date. At the end of their current maintenance contracts, customers will renew at the Enterprise Developer level.
AVAILABILITY/PLATFORMS
S-PLUS 8 is available today for Microsoft Windows®, Red Hat® Enterprise Linux® and Sun Solaris® operating systems.
Statistical analysis software
SEATTLE - May 21, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today a free upgrade for maintenance customers of Insightful’s S-PLUS® 6.2 or 7 Professional Developer, to its S-PLUS 8 Enterprise Developer.
"We wanted to find the best way to say thank you to our loyal customers for 20 years of support and believe that delivering our most comprehensive development platform ever to the widest possible audience was a great start,” commented Jeff Coombs, president and CEO of Insightful. He added, “By waiving the software upgrade fee we hope to encourage as many of our users as possible to take advantage of the development breakthroughs available in S-PLUS 8.”
NEW FEATURES IN S-PLUS 8.0
* Workbench: This feature, originally introduced in S-PLUS 7, has been further enhanced in the 8 release. Programmers can speed the development of applications for competitive advantage by using the new debugger and profiler. The interactive debugger allows users to quickly debug S-PLUS code from within the S-PLUS workbench, and includes modern debugging tools such as step debugging and breakpoints. The profiler provides an environment for writing and developing functions in S-PLUS that allow profiling of time and memory allocation within S-PLUS tasks. The user can now optimize the code’s execution by evaluating where bottlenecks exist.
* Graphics enhancements: S-PLUS is already a leading platform for graphics creation and delivery. In version 8, Insightful has included a larger and normalized color palette as well as providing simplified code necessary to deliver complex graphs and charts. Whether a developer is creating graphics for submission to the FDA or distribution to a group of portfolio managers at an investment bank, S-PLUS 8 Enterprise Developer makes this task easier and more time efficient.
* S-PLUS Package System: With already 25 published packages available, S-PLUS 8 Enterprise Developer provides a convenient framework for creating and distributing libraries for S-PLUS and for converting packages written in R (S-PLUS’s open-source cousin) for use in S-PLUS.
* S language extensions: Over one hundred new functions have been added in order to support the graphics enhancements, the S-PLUS Package System and to augment compatibility with R. Types of functions that have been added include math, character, file manipulation and string manipulation.
UPGRADE PROGRAM DETAILS
Current maintenance customers with the S-PLUS 6.2 or 7 Professional Developer versions can upgrade to the S-PLUS 8 Enterprise Developer version for free. Insightful will waive the software upgrade fee until December 31st, 2007, for all current maintenance customers who purchased their copy of S-PLUS Professional Developer prior to May 21st, 2007.
To claim the free upgrade all current maintenance customers need to visit the Insightful website at http://www.insightful.com/upgrade and submit an upgrade request form with their license and contact information. Upgrade software will be shipped upon confirmation of license ownership and maintenance status.
Current customer maintenance contracts will remain in place until their current end date. At the end of their current maintenance contracts, customers will renew at the Enterprise Developer level.
AVAILABILITY/PLATFORMS
S-PLUS 8 is available today for Microsoft Windows®, Red Hat® Enterprise Linux® and Sun Solaris® operating systems.
Statistical analysis software
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