New release of statistical data analysis and predictive analytics platform provides greater programming efficiency, versatility and comprehensive graphics
SEATTLE - May 21, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today the immediate availability of S-PLUS® 8 Enterprise Developer, the latest major release of Insightful’s software platform for statistical data analysis and predictive analytics.
S-PLUS 8 Enterprise Developer provides statisticians and developers with enhanced programming efficiencies, versatility, comprehensive graphics production and advanced statistical methods, all of which increase programmers’ ability to anticipate and plan for change. With S-PLUS 8 Enterprise Developer, IT organizations can speed their deployment of advanced, integration-friendly analytical solutions. S-PLUS 8 Enterprise Developer also provides users with the visualization and reporting tools necessary to communicate results to technical and non-technical audiences, delivering the knowledge to act on critical decision points.
“S-PLUS provides me with the tools necessary to work faster and more flexibly with clinical data,” said Harry Southworth, statistical science director for AstraZeneca, one of the world's leading pharmaceutical companies. “The superior quality of the graphs has made it easier for me to communicate across a broad audience including statisticians, drug safety personnel and physicians.”
KEY 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. The workbench has modern debugging tools including 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 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.
S-PLUS 8 ENTERPRISE DEVELOPER: COMPREHENSIVE RESPONSE TO USERS’ NEEDS
S-PLUS 8 Enterprise Developer was put through a lengthy beta testing period to provide for the most comprehensive response to testers’ comments as well as thorough testing of new features and functions. Customers have responded enthusiastically to the new release.
Knut Wittkowski, director, Biostatistics/Epidemiology/Research Design Center for Clinical and Translational Science at Rockefeller University Hospital said, “S-PLUS 8 excels in the documentation of the algorithms being used and the addition of the Eclipse Workbench facilitates the implementation of novel results from statistical research.”
“The S-PLUS Package System in version 8 provides tools to develop S-PLUS packages easily and in a routinely automated way that should facilitate ready cross-talk with the R system and user,” said Brad Biggerstaff, mathematical statistician for the Division of Vector-Borne Infectious Diseases National Center for Infectious Diseases, Centers for Disease Control and Prevention. “I was able to build a package from existing code in a very reasonable time, and the documentation of this task was understandable and complete.”
AVAILABILITY/PLATFORMS
S-PLUS 8 is available today for Microsoft Windows®, Red Hat® Enterprise Linux® and Sun Solaris® operating systems.
“We are very pleased to announce the release of S-PLUS 8 Enterprise Developer, our most comprehensive development environment for statistical data analysis and predictive analytics,” said Jeff Coombs, CEO of Insightful. “S-PLUS 8 enables the rapid development of applications based on predictive analytic modeling and their delivery to a much broader set of users across the enterprise.”
Statistical analysis software
Friday, October 3, 2008
Wednesday, October 1, 2008
Insightful Corporation Reports Building Strong Momentum in Life Sciences
Major pharmaceutical companies select Insightful’s S-PLUS software and life sciences solutions over the past 12 months
SEATTLE - May 23, 2007 -
Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, today announced building momentum with large life sciences customers, including both new and expanding engagements over the past 12 months to integrate cutting edge analytics and graphics into all phases of the drug development life cycle.
Insightful counts a majority of the world’s leading pharmaceutical companies as customers, including Pfizer, Inc., AstraZeneca International, Johnson & Johnson, and Hoffman-La Roche, Inc. During the past 12 months, each of these four companies and many of the other leading pharmaceutical companies started new life sciences solutions projects with Insightful, expanded existing projects, or purchased more software licenses from Insightful.
Pfizer, Inc. has signed an agreement to deploy S-PLUS predictive analytics software within the company. Insightful's agreement with Pfizer is based on software license and maintenance fees.
Life Sciences Solutions Provide the Knowledge to Act™
Insightful provides life sciences organizations with the knowledge they need to drive faster, better decisions with specialized analytics, graphics and reporting formats. Insightful offers software and service solutions in clinical graphics, PK/PD reporting, clinical data review, innovative trial design, and safety data mining. These solutions are designed to act in concert with existing data management and workflow systems within validated environments to speed the analysis and reporting processes, to increase the likelihood of discerning safety and efficacy signals earlier in the development lifecycle thus decreasing our customers’ product development costs and time to market.
“The agreement with Pfizer, which was signed in December, was one of several with large life sciences companies over the past 12 months, which we believe reflects pharmaceutical companies’ demand for faster, better and more cost effective ways to analyze their data and report their results in all phases of the drug development lifecycle,” said Jeff Coombs, president and CEO of Insightful. “The analytic rigor and graphic superiority of our S-PLUS platform for pre-clinical, clinical, and regulatory submissions have been recognized by our customers as setting a standard of excellence in the industry.”
Statistical analysis software
SEATTLE - May 23, 2007 -
Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, today announced building momentum with large life sciences customers, including both new and expanding engagements over the past 12 months to integrate cutting edge analytics and graphics into all phases of the drug development life cycle.
Insightful counts a majority of the world’s leading pharmaceutical companies as customers, including Pfizer, Inc., AstraZeneca International, Johnson & Johnson, and Hoffman-La Roche, Inc. During the past 12 months, each of these four companies and many of the other leading pharmaceutical companies started new life sciences solutions projects with Insightful, expanded existing projects, or purchased more software licenses from Insightful.
Pfizer, Inc. has signed an agreement to deploy S-PLUS predictive analytics software within the company. Insightful's agreement with Pfizer is based on software license and maintenance fees.
Life Sciences Solutions Provide the Knowledge to Act™
Insightful provides life sciences organizations with the knowledge they need to drive faster, better decisions with specialized analytics, graphics and reporting formats. Insightful offers software and service solutions in clinical graphics, PK/PD reporting, clinical data review, innovative trial design, and safety data mining. These solutions are designed to act in concert with existing data management and workflow systems within validated environments to speed the analysis and reporting processes, to increase the likelihood of discerning safety and efficacy signals earlier in the development lifecycle thus decreasing our customers’ product development costs and time to market.
“The agreement with Pfizer, which was signed in December, was one of several with large life sciences companies over the past 12 months, which we believe reflects pharmaceutical companies’ demand for faster, better and more cost effective ways to analyze their data and report their results in all phases of the drug development lifecycle,” said Jeff Coombs, president and CEO of Insightful. “The analytic rigor and graphic superiority of our S-PLUS platform for pre-clinical, clinical, and regulatory submissions have been recognized by our customers as setting a standard of excellence in the industry.”
Statistical analysis software
Insightful Corporation Launches the Comprehensive S-PLUS® Archive Network (CSAN)
Site aids collaboration and cooperation among the S-PLUS programming community
SEATTLE - June 13, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today the formal launch of its Comprehensive S-PLUS® Archive Network (CSAN) at http://csan.insightful.com for the submission and sharing of free S-PLUS packages for the open source and commercial statistical programming communities.
With its latest release, S-PLUS 8.0 Enterprise Developer, Insightful has delivered the S-PLUS package system, a set of features and functions that allows the delivery of complete statistical analysis software packages in S-PLUS. The system also includes tools for porting R packages for use in S-PLUS. The response from package developers and customers has been enthusiastic.
“We are very excited by the interest and contributions that we have received so far,” comments Dr. Stephen Kaluzny, senior engineering manager for Insightful Corporation and architect for the S-PLUS package system. “Early feedback from beta customers and from the R community indicates a strong interest in using the package system for collaboration and the reliable delivery of rigorous statistical analysis.”
Over 25 packages are currently available on the CSAN site free for download. Authors of new S-PLUS packages are encouraged to submit their packages to CSAN.
Currently available packages were submitted during the S-PLUS 8.0 beta period. They include work done by Insightful’s own research group and S-PLUS users and packages converted by R users, including the following:
* Richard Heiberger, from Temple University, contributed a package named "HH" which supports the extensive use of graphic displays for data exploration as described in his book, "Statistical Analysis and Data Display."
* Harry Southworth, from AstraZeneca Pharmaceutical, contributed a port from R of the "ismev" package which is designed to support the computations in the book, "An Introduction to Statistical Modeling of Extreme Values."
* Knut Wittkowski, from Rockefeller University, contributed the "muStat" package which performs nonparametric tests.
* Martyn Plummer, from the International Agency for Research on Cancer in Lyon, France, is a contributing author for a package named "coda" which provides output analysis and diagnostics for Markov Chain Monte Carlo simulations.
“This is a very encouraging development in the R/S-PLUS relationship,” states Uwe Ligges, from Dortmund University. “Insightful’s S-PLUS package system is a great start in bridging the gap between these statistical programming languages and we anticipate further cooperation will result in benefits for all statisticians, open source and commercial.”
“We are committed to furthering the science of statistical programming as a company,” says Jeff Coombs, president and CEO of Insightful Corporation. “We want to thank all of the contributing authors to the S-PLUS package system. The CSAN site enables our customers to benefit directly from cutting-edge work being done in the predictive analytics field, as well as providing them with a conduit for giving back to the worldwide statistics community.”
Statistical analysis software
SEATTLE - June 13, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today the formal launch of its Comprehensive S-PLUS® Archive Network (CSAN) at http://csan.insightful.com for the submission and sharing of free S-PLUS packages for the open source and commercial statistical programming communities.
With its latest release, S-PLUS 8.0 Enterprise Developer, Insightful has delivered the S-PLUS package system, a set of features and functions that allows the delivery of complete statistical analysis software packages in S-PLUS. The system also includes tools for porting R packages for use in S-PLUS. The response from package developers and customers has been enthusiastic.
“We are very excited by the interest and contributions that we have received so far,” comments Dr. Stephen Kaluzny, senior engineering manager for Insightful Corporation and architect for the S-PLUS package system. “Early feedback from beta customers and from the R community indicates a strong interest in using the package system for collaboration and the reliable delivery of rigorous statistical analysis.”
Over 25 packages are currently available on the CSAN site free for download. Authors of new S-PLUS packages are encouraged to submit their packages to CSAN.
Currently available packages were submitted during the S-PLUS 8.0 beta period. They include work done by Insightful’s own research group and S-PLUS users and packages converted by R users, including the following:
* Richard Heiberger, from Temple University, contributed a package named "HH" which supports the extensive use of graphic displays for data exploration as described in his book, "Statistical Analysis and Data Display."
* Harry Southworth, from AstraZeneca Pharmaceutical, contributed a port from R of the "ismev" package which is designed to support the computations in the book, "An Introduction to Statistical Modeling of Extreme Values."
* Knut Wittkowski, from Rockefeller University, contributed the "muStat" package which performs nonparametric tests.
* Martyn Plummer, from the International Agency for Research on Cancer in Lyon, France, is a contributing author for a package named "coda" which provides output analysis and diagnostics for Markov Chain Monte Carlo simulations.
“This is a very encouraging development in the R/S-PLUS relationship,” states Uwe Ligges, from Dortmund University. “Insightful’s S-PLUS package system is a great start in bridging the gap between these statistical programming languages and we anticipate further cooperation will result in benefits for all statisticians, open source and commercial.”
“We are committed to furthering the science of statistical programming as a company,” says Jeff Coombs, president and CEO of Insightful Corporation. “We want to thank all of the contributing authors to the S-PLUS package system. The CSAN site enables our customers to benefit directly from cutting-edge work being done in the predictive analytics field, as well as providing them with a conduit for giving back to the worldwide statistics community.”
Statistical analysis software
Insightful Corporation Announces Insightful Impact 2007
User Conference to Showcase Innovative Solutions in the Use of Predictive Analytics and Reporting for Business Success
SEATTLE - June 27, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today its upcoming user conference, Insightful Impact 2007, to be held October 9th through 12th, 2007, at the Tropicana Resort and Casino in Atlantic City, New Jersey.
Keynotes for the event will include Dr. Thomas Davenport, author of Competing on Analytics, The New Science of Winning and Douglas Niemann of Zurich Financial Services an Insightful customer and Impact Award nominee.
The Impact of Predictive Analytics
Insightful Impact 2007 will feature three industry tracks showcasing the best practices and practical reality of implementing predictive analytics within an organization. Speakers will include executives from General Mills, DemandTec, Bank of America and AstraZeneca. Applications, case studies and industry standards will be presented and discussed within tracks for Financial Services, Life Sciences and Customer Analytics.
Research Posters and Special Sessions
Insightful has put out a call for research posters to provide a forum for authors to present their work in an informal setting. Poster submissions should provide information about how the presenters have applied S-PLUS® technology for data analysis and/or reporting to gain insight into a specific business problem. Poster submissions are being accepted at http://www.insightful.com/news_events/impact2007/participate/poster_registration.asp.
The conference will also provide two special sessions. The first is a presentation by Dr. Travis Moebes from Science Applications International Corporation (SAIC) at NASA who will present a recently released paper on his work analyzing Lithium Ion Battery data from the Shuttle, Space Station and Space Ship programs. The second session will be a panel discussion on the future of statistical computing chaired by Dr. Stephen Kaluzny.
Statistical analysis software
SEATTLE - June 27, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today its upcoming user conference, Insightful Impact 2007, to be held October 9th through 12th, 2007, at the Tropicana Resort and Casino in Atlantic City, New Jersey.
Keynotes for the event will include Dr. Thomas Davenport, author of Competing on Analytics, The New Science of Winning and Douglas Niemann of Zurich Financial Services an Insightful customer and Impact Award nominee.
The Impact of Predictive Analytics
Insightful Impact 2007 will feature three industry tracks showcasing the best practices and practical reality of implementing predictive analytics within an organization. Speakers will include executives from General Mills, DemandTec, Bank of America and AstraZeneca. Applications, case studies and industry standards will be presented and discussed within tracks for Financial Services, Life Sciences and Customer Analytics.
Research Posters and Special Sessions
Insightful has put out a call for research posters to provide a forum for authors to present their work in an informal setting. Poster submissions should provide information about how the presenters have applied S-PLUS® technology for data analysis and/or reporting to gain insight into a specific business problem. Poster submissions are being accepted at http://www.insightful.com/news_events/impact2007/participate/poster_registration.asp.
The conference will also provide two special sessions. The first is a presentation by Dr. Travis Moebes from Science Applications International Corporation (SAIC) at NASA who will present a recently released paper on his work analyzing Lithium Ion Battery data from the Shuttle, Space Station and Space Ship programs. The second session will be a panel discussion on the future of statistical computing chaired by Dr. Stephen Kaluzny.
Statistical analysis software
Insightful Corporation Schedules Announcement Of Financial Results For Second Quarter 2007
SEATTLE - July 19, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its second quarter 2007 financial results and conference call for Thursday, August 2, 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 July 31, 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.
Statistical analysis software
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, has scheduled the announcement of its second quarter 2007 financial results and conference call for Thursday, August 2, 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 July 31, 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.
Statistical analysis software
Insightful Corporation Presenting at 2007 Joint Statistical Meetings in Salt Lake City, Utah
Predictive analytics and reporting solutions provider hosting eight sessions focusing on statistical analysis and statistical graphics
SEATTLE - July 25, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today that employees of the company will be presenting and/or chairing eight sessions at the 2007 Joint Statistical Meetings (JSM), the world’s largest annual gathering of statisticians, which will be held at Salt Lake City’s Salt Palace Convention Center from July 29, 2007 to August 2, 2007. Insightful will also be exhibiting in booths 418 and 420 throughout the conference.
During the conference, Insightful employees will be involved in the following eight sessions:
July 30, 2007
* “Applications of Visualization for Web 2.0”, Sven Knudson, Author, Session #132, 10:30 am-12:20 pm
* “S-PLUS and R-Package for Least Angle Regression”, Dr. Tim Hesterberg, Author, Session #209, 2:00 pm-3:50 pm
July 31, 2007
* “Uses of Packages in R and S-PLUS”, Dr. Stephen Kaluzny, Author, Session #294, 10:30 am – 12:20 am
* “Bootstrap Methods and Permutation Tests for Doing and Teaching Statistics”, Dr. Tim Hesterberg, Instructor, Session #CE 28C, 1:00 pm- 5:00 pm
* “Design Issues for Clinical Trials”, Dr. Jill Goldschneider, Chair, Session #335, 2:00-3:50 pm
August 1, 2007
* “How Scientists Can Work effectively with the Media”, Dr. Tim Hesterberg,Chair, Session #353, 8:30 am – 10:20 pm
* “Statistical Graphics for Analysis of Drug Safety and Efficacy”, Dr. Michael O’Connell, Author, and Dr. Stephen Kaluzny, Chair, Session #456, 2:00 pm -3:00 pm
* “Statistical and Graphical Analysis of Adverse Events Counts in Clinical Trials”, Dr. Michael O’Connell, Author, Session #456, 2:05 pm -2:30 pm
ABOUT JSM
JSM (the Joint Statistical Meetings) is the world’s largest gathering of statisticians It is held jointly with the American Statistical Association, the International Biometric Society (ENAR and WNAR), the Institute of Mathematical Statistics, and the Statistical Society of Canada. Attended by over 5000 people, activities of the meeting include oral presentations, panel sessions, poster presentations, continuing education courses, exhibit hall (with state-of-the-art statistical products and opportunities), career placement service, society and section business meetings, committee meetings, social activities, and networking opportunities.
Statistical analysis software
SEATTLE - July 25, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, announced today that employees of the company will be presenting and/or chairing eight sessions at the 2007 Joint Statistical Meetings (JSM), the world’s largest annual gathering of statisticians, which will be held at Salt Lake City’s Salt Palace Convention Center from July 29, 2007 to August 2, 2007. Insightful will also be exhibiting in booths 418 and 420 throughout the conference.
During the conference, Insightful employees will be involved in the following eight sessions:
July 30, 2007
* “Applications of Visualization for Web 2.0”, Sven Knudson, Author, Session #132, 10:30 am-12:20 pm
* “S-PLUS and R-Package for Least Angle Regression”, Dr. Tim Hesterberg, Author, Session #209, 2:00 pm-3:50 pm
July 31, 2007
* “Uses of Packages in R and S-PLUS”, Dr. Stephen Kaluzny, Author, Session #294, 10:30 am – 12:20 am
* “Bootstrap Methods and Permutation Tests for Doing and Teaching Statistics”, Dr. Tim Hesterberg, Instructor, Session #CE 28C, 1:00 pm- 5:00 pm
* “Design Issues for Clinical Trials”, Dr. Jill Goldschneider, Chair, Session #335, 2:00-3:50 pm
August 1, 2007
* “How Scientists Can Work effectively with the Media”, Dr. Tim Hesterberg,Chair, Session #353, 8:30 am – 10:20 pm
* “Statistical Graphics for Analysis of Drug Safety and Efficacy”, Dr. Michael O’Connell, Author, and Dr. Stephen Kaluzny, Chair, Session #456, 2:00 pm -3:00 pm
* “Statistical and Graphical Analysis of Adverse Events Counts in Clinical Trials”, Dr. Michael O’Connell, Author, Session #456, 2:05 pm -2:30 pm
ABOUT JSM
JSM (the Joint Statistical Meetings) is the world’s largest gathering of statisticians It is held jointly with the American Statistical Association, the International Biometric Society (ENAR and WNAR), the Institute of Mathematical Statistics, and the Statistical Society of Canada. Attended by over 5000 people, activities of the meeting include oral presentations, panel sessions, poster presentations, continuing education courses, exhibit hall (with state-of-the-art statistical products and opportunities), career placement service, society and section business meetings, committee meetings, social activities, and networking opportunities.
Statistical analysis software
Insightful Announces Operating Results for Second Quarter 2007
Reports 12% Revenue Growth over Second Quarter of 2006 in Core Data Analysis Business
SEATTLE - August 2, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced its operating results for the second quarter ended June 30, 2007.
Insightful reported total revenues of $5.5 million in the second quarter of 2007, an increase of 7% over revenues of $5.2 million in the second quarter of 2006. Total revenues associated with the company’s core data analysis product line increased by 12% in the second quarter of 2007 compared to the second quarter of 2006. Revenues associated with the company’s text analysis product, InFact, decreased from $0.3 million in the second quarter of 2006 to $0.1 million in the second quarter of 2007. For the second quarter of 2007, Insightful reported a net loss of $1.3 million, or $0.10 per share, compared to a net loss of $0.4 million, or $.03 per share, for the second quarter of 2006.
Non-GAAP operating results, which exclude stock-based compensation expense and amortization of intangible assets, was a loss of $1.1 million, or $0.08 per share, for the second quarter of 2007, compared to a non-GAAP loss of $0.1 million, or $0.01 per share, for the second 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 loss for the quarters ended June 30, 2007 and 2006 are set forth at the end of this release.
“The second quarter marked our third consecutive quarter of double-digit year-over-year growth in data analysis revenue,” said Jeff Coombs, president and CEO of Insightful Corporation. “While we’re pleased that our core business grew compared to last year, driven entirely by growth in Europe, we’re disappointed that license revenues and domestic revenues declined year-over-year. During the second quarter we made our S-PLUS 8.0 Enterprise Developer desktop product generally available and we plan to deliver a series of high-value solutions targeted at the life science and financial services industries starting later this year.”
The company also reported separately today the sale of its InFact search technology and associated intellectual property rights to Hypertext Solutions Inc. for $3.65 million in cash. Hypertext is a Seattle-based startup company focused on making information on the web more “intelligent.” A gain will be recorded in Insightful’s financial results for the quarter ended September 30, 2007 in the amount of the purchase price less the direct costs of the transaction, which closed today.
Quarterly Highlights
* Software license revenues were $1.7 million in the second quarter of 2007, as compared to $2.2 million in the second quarter of 2006. License revenues from the company’s data analysis product line declined from $2.0 million to $1.6 million. License revenues from the company’s InFact product declined from $0.3 million to $0.1 million. Maintenance revenues increased to $2.0 million from $1.8 million.
* Professional services and other revenues were $1.8 million in the second quarter of 2007, as compared to $1.1 million in the second 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 second quarter of 2007, as compared to $0.6 million in the second quarter of 2006.
* Domestic revenues were $2.9 million in the second quarter of 2007, as compared to $3.3 million in the second quarter of 2006. This decrease resulted in part from a $0.2 million decline in revenues from the InFact product line. International revenues were $2.6 million in the second quarter of 2007, as compared to $1.9 million in the second quarter of 2006.
* During the second quarter the company announced the general availability of S-PLUS® 8.0 Enterprise Developer, the latest major release of Insightful’s software platform for statistical data analysis and predictive analytics.
* 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 by 47% to $1.5 million in the second quarter of 2007, from $1.0 million in the second quarter of 2006, and increased as a percentage of revenues from 20% to 28%.
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.
Reconciliations of GAAP to non-GAAP results are as follows:
Statistical analysis software
SEATTLE - August 2, 2007 -
Insightful Corporation (NASDAQ: IFUL), a leading provider of predictive analytics and reporting solutions, today announced its operating results for the second quarter ended June 30, 2007.
Insightful reported total revenues of $5.5 million in the second quarter of 2007, an increase of 7% over revenues of $5.2 million in the second quarter of 2006. Total revenues associated with the company’s core data analysis product line increased by 12% in the second quarter of 2007 compared to the second quarter of 2006. Revenues associated with the company’s text analysis product, InFact, decreased from $0.3 million in the second quarter of 2006 to $0.1 million in the second quarter of 2007. For the second quarter of 2007, Insightful reported a net loss of $1.3 million, or $0.10 per share, compared to a net loss of $0.4 million, or $.03 per share, for the second quarter of 2006.
Non-GAAP operating results, which exclude stock-based compensation expense and amortization of intangible assets, was a loss of $1.1 million, or $0.08 per share, for the second quarter of 2007, compared to a non-GAAP loss of $0.1 million, or $0.01 per share, for the second 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 loss for the quarters ended June 30, 2007 and 2006 are set forth at the end of this release.
“The second quarter marked our third consecutive quarter of double-digit year-over-year growth in data analysis revenue,” said Jeff Coombs, president and CEO of Insightful Corporation. “While we’re pleased that our core business grew compared to last year, driven entirely by growth in Europe, we’re disappointed that license revenues and domestic revenues declined year-over-year. During the second quarter we made our S-PLUS 8.0 Enterprise Developer desktop product generally available and we plan to deliver a series of high-value solutions targeted at the life science and financial services industries starting later this year.”
The company also reported separately today the sale of its InFact search technology and associated intellectual property rights to Hypertext Solutions Inc. for $3.65 million in cash. Hypertext is a Seattle-based startup company focused on making information on the web more “intelligent.” A gain will be recorded in Insightful’s financial results for the quarter ended September 30, 2007 in the amount of the purchase price less the direct costs of the transaction, which closed today.
Quarterly Highlights
* Software license revenues were $1.7 million in the second quarter of 2007, as compared to $2.2 million in the second quarter of 2006. License revenues from the company’s data analysis product line declined from $2.0 million to $1.6 million. License revenues from the company’s InFact product declined from $0.3 million to $0.1 million. Maintenance revenues increased to $2.0 million from $1.8 million.
* Professional services and other revenues were $1.8 million in the second quarter of 2007, as compared to $1.1 million in the second 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 second quarter of 2007, as compared to $0.6 million in the second quarter of 2006.
* Domestic revenues were $2.9 million in the second quarter of 2007, as compared to $3.3 million in the second quarter of 2006. This decrease resulted in part from a $0.2 million decline in revenues from the InFact product line. International revenues were $2.6 million in the second quarter of 2007, as compared to $1.9 million in the second quarter of 2006.
* During the second quarter the company announced the general availability of S-PLUS® 8.0 Enterprise Developer, the latest major release of Insightful’s software platform for statistical data analysis and predictive analytics.
* 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 by 47% to $1.5 million in the second quarter of 2007, from $1.0 million in the second quarter of 2006, and increased as a percentage of revenues from 20% to 28%.
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.
Reconciliations of GAAP to non-GAAP results are as follows:
Statistical analysis software
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