VIEWPOINT CORPORATION 2007 - 500 Beiträge pro Seite

[gerdass]

Internationale Handelsplätze
NASDAQ
VWPT / USD 0,98
2.076 +0,080
+8,89 22:00:13
09.08.2007 -
- 0,90
0,84 1,05
0,82 136.019
129.099

[gerdass]

Viewpoint Corporation (NASDAQ:VWPT), a leading internet marketing technology company, today announced financial results for the second quarter ended June 30, 2007.



Viewpoint reported total revenue of $3.8 million for the second quarter of 2007, a 16 percent increase as compared to $3.3 million in the first of quarter 2007 and a 33 percent decrease as compared to $5.7 million in the second quarter of 2006. Gross profit was $2.4 million for the second quarter of 2007, an increase of 2 percent as compared to the $2.3 million for the first quarter of 2007 and a decrease of 15 percent from $2.8 million for the second quarter of 2006.

Patrick Vogt, President and Chief Executive Officer, commented, "We made progress during the quarter by continuing to execute on our strategy to meet the escalating demand for Premium Rich Media from marketers, agencies and publishers. We are laying the groundwork for sustainable long-term profitability through our strategic DG Fastchannel partnership and our recent enterprise customer wins." Mr. Vogt continued, "Moving forward we will continue to focus on creating the most flexible rich media and video ad platform in the industry. With the successful build out of our capabilities, we are now in a position where we can really take advantage of the tremendous opportunities in the market. We continue to refine our business - creating additional capabilities that complement our offerings in order to accelerate our growth. As a result, we expect improvement in both revenue and operating performance in 2007 compared to 2006."

Operating loss for the second quarter of 2007 was $2.6 million as compared to an operating loss of $2.0 million in the first quarter of 2007 and an operating loss of $2.1 million for the second quarter of 2006. Net loss for the second quarter of 2007 was $5.2 million or $(0.07) per share compared to a net loss of $2.0 million, or $(0.03) per share in the first quarter 2007 and a net loss of $2.8 million or $(0.04) per share, in the second quarter 2006. Adjusted operating income ("AOI"), as defined below, was $(1.5) million for the second quarter, as compared to $(1.3) million in the first quarter of 2007, and $(1.4) million for the second quarter of 2006

For the six months ended June 30, 2007, the Company reported revenue of $7.2 million, compared with $9.7 million for the same period in 2006. For the six months ended June 30, 2007, gross profit decreased 7 percent to $4.7 million in 2007 from $5.1 million in 2006. Viewpoint's operating expenses for the six-month period ended June 30, 2007 were $9.3 million compared with $10.3 million for the six-month period ended June 30, 2006, a decrease of 10 percent.

The Company's net loss for the six months ended June 30, 2007 of $7.2 million, or $(0.10) per share, was based on a loss from operations of $4.6 million, which included charges of $1.0 million for stock based compensation and $0.7 million for depreciation and amortization. This compares to a net loss for the six months ended June 30, 2006 of $6.8 million, or $(0.10) per share, based on a loss from operations of $5.2 million, which included charges of $1.2 million for stock based compensation and $0.6 million for depreciation and amortization. AOI for the first six months ended June 30, 2007 was $(2.9) million, a $0.5 million operating performance improvement, compared to $(3.4) million for the first six months ended June 30, 2006.

Viewpoint's cash, cash equivalents, and marketable securities as of June 30, 2007 were $5.7 million. This can be compared with cash, cash equivalents, and marketable securities of $2.8 million as of March 31, 2007.

FINANCIAL INFORMATION

Management prepares and is responsible for the Company's consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the United States. The financial information contained in this press release, which is unaudited, is subject to revision and should not be considered final until the Company files its Quarterly Report on Form 10-Q, which is scheduled to occur on or before August 9, 2007. At the present time, the Company has no reason to believe that there will be changes to the financial information contained herein.

FINANCIAL MEASURES

In addition to the results presented above in accordance with generally accepted accounting principles, or GAAP, the Company presents financial measures that are non-GAAP measures, specifically adjusted operating income. The Company believes that this non-GAAP measure, viewed in addition to and not in lieu of the Company's reported GAAP results, provides useful information to investors regarding its performance and overall results of operations. These metrics are an integral part of the Company's internal reporting to measure the performance of the Company and the overall effectiveness of senior management. Reconciliations to comparable GAAP measures are available in the accompanying schedules and on the Company's website. The financial measures presented are consistent with the Company's historical financial reporting practices. The non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies, and are not identical to corresponding measures used in our various agreements or public filings.

CONFERENCE CALL

The Company will host a conference call on August 9, 2007 at 9:00 A.M. (Eastern Time) to discuss second quarter 2007 financial results.

The conference call will be available via the Internet in the Investor Relations section of Viewpoint's Web site at http://www.viewpoint.com, as well as through Thomson/CCBN at www.earnings.com. If you are not able to access the live Web cast, dial in information is as follows:

Toll-Free Telephone Number: [phone]

International Telephone Number: [phone]

Pass code: 11784828

Participants should call at least 10 minutes prior to the start of the call.

A complete replay of the conference call will be available approximately one hour after the completion of the call by dialing [phone] through Thursday, August 16, 2007. Callers should enter the pass code above to access the recording.

ABOUT VIEWPOINT

Viewpoint is a leading Internet marketing technology company, offering Internet marketing and online advertising solutions through the powerful combination of its proprietary visualization technology and a full range of campaign management services including TheStudio, Viewpoint's creative services group; Unicast, Viewpoint's online advertising group; and KeySearch, Viewpoint's search engine marketing consulting practice. Viewpoint's technology and services are behind the online presence of some of the world's most esteemed brands, including AOL, GE, Sony, and Toyota. More information on Viewpoint can be found at www.viewpoint.com.

The company has approximately 100 employees principally at its headquarters in New York City, with additional offices in Los Angeles, CA and in Austin, TX.

FORWARD LOOKING STATEMENTS

This press release contains "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and similar expressions that reflect Viewpoint's current expectations about its future performance. These statements and expressions are subject to risks, uncertainties and other factors that could cause Viewpoint's actual performance to differ materially from those expressed in, or implied by, these statements and expressions. Such risks, uncertainties and factors include those described in Viewpoint's filings and reports on file with the Securities and Exchange Commission, as well as, the lack of assurance that Viewpoint will achieve long-term profitability.

Copyright (C) 2007 Viewpoint Corporation. All Rights Reserved. Viewpoint, Unicast, TheStudio by Viewpoint and KeySearch are trademarks or registered trademarks of Viewpoint Corporation.

VIEWPOINT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)

Three Months Ended
June 30, March
31,
----------------- --------
2007 2006 2007
-------- -------- --------
Revenue:
Advertising systems $ 1,426 $ 3,013 $ 1,110
Search 1,726 1,573 1,485
Services 680 1,091 719
Licenses 5 32 6
-------- -------- --------
Total revenue 3,837 5,709 3,320

Cost of revenue:
Advertising systems 913 2,199 452
Search 28 38 43
Services 509 648 481
Licenses - 2 -
-------- -------- --------
Total cost of revenue 1,450 2,887 976
-------- -------- --------
Gross profit 2,387 2,822 2,344

Operating expenses:

Sales and marketing 1,322 1,449 1,195
Research and development 804 1,068 810
General and administrative 2,507 2,226 2,078
Depreciation 113 107 115
Amortization of intangible assets 230 111 128
-------- -------- --------
Total operating expenses 4,976 4,961 4,326

Loss from operations (2,589) (2,139) (1,982)

Other income (expense)
Interest and other income, net 61 90 51
Interest expense (200) (209) (204)
Changes in fair values of warrants to
purchase common stock (2,418) (544) 157
-------- -------- --------
Total other income (expense) (2,557) (663) 4
-------- -------- --------
Loss before provision for income taxes (5,146) (2,802) (1,978)
Provision for income taxes 16 19 12
-------- -------- --------
Net loss $(5,162) $(2,821) $(1,990)
======== ======== ========
Basic and diluted net loss per common
share:
Net loss per common share $ (0.07) $ (0.04) $ (0.03)

Weighted average number of shares
outstanding-basic and diluted 76,577 66,505 67,670

VIEWPOINT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)

Six Months Ended
June 30,
-----------------
2007 2006
-------- --------
Revenue:
Advertising Systems $ 2,536 $ 4,608
Search 3,211 3,362
Services 1,399 1,644
Licenses 11 78
-------- --------
Total revenue 7,157 9,692

Cost of revenue:
Advertising systems 1,365 3,239
Search 71 74
Services 990 1,311
Licenses - 8
-------- --------
Total cost of revenue 2,426 4,632
-------- --------
Gross profit 4,731 5,060

Operating expenses:

Sales and marketing 2,517 3,027
Research and development 1,614 2,156
General and administrative 4,585 4,585
Depreciation 228 224
Amortization of intangible assets 358 221
Restructuring charges - 92
-------- --------
Total operating expenses 9,302 10,305

Loss from operations (4,571) (5,245)

Other income (expense):
Interest and other income, net 112 169
Interest expense (404) (496)
Changes in fair values of warrants to purchase
common stock (2,261) (1,172)
-------- --------
Total other income (expense) (2,553) (1,499)
-------- --------
Loss before provision for income taxes (7,124) (6,744)

Provision for income taxes 28 26
-------- --------
Net loss $(7,152) $(6,770)
======= =======

Basic and diluted net loss per common share:
Net loss per common share $ (0.10) $ (0.10)

Weighted average number of shares outstanding-basic
and diluted 72,148 65,689

VIEWPOINT CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
(Unaudited)

June 30, December
2007 31, 2006
---------- ----------
Assets
Current assets:
Cash and cash equivalents $ 5,401 $ 4,154
Marketable securities 312 113
Accounts receivable, net 3,353 3,037
Prepaid expenses and other current assets 593 543
---------- ----------
Total current assets 9,659 7,847

Restricted cash 194 190
Property and equipment, net 916 1,023
Goodwill 15,103 14,882
Intangible assets, net 4,086 3,689
Other assets 59 56
---------- ----------
Total assets $ 30,017 $ 27,687
========== ==========

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 1,853 $ 1,660
Accrued expenses 442 401
Deferred revenue 101 70
Current portion of notes payable 488 389
Accrued incentive compensation 545 545
Current liabilities related to discontinued
operations 231 231
---------- ----------
Total current liabilities 3,660 3,296

Accrued expenses - Deferred Rent 183 232

Warrants to purchase common stock 4,131 467
Subordinate notes 2,446 2,456
Unicast notes 1,459 1,541

Stockholders' equity
Preferred stock - -
Common stock 83 68
Paid-in capital 311,798 306,214
Treasury stock (1,015) (1,015)
Accumulated other comprehensive loss 10 14
Accumulated deficit (292,738) (285,586)
---------- ----------
Total stockholders' equity 18,138 19,695
---------- ----------
Total liabilities and stockholders' equity $ 30,017 $ 27,687
========== ==========

VIEWPOINT CORPORATION
RECONCILIATION OF INCOME (LOSS) FROM OPERATIONS TO ADJUSTED OPERATING
INCOME (LOSS)
(in thousands, except per share amounts)
(Unaudited)

March
June 30, 31, June 30,
----------------- -------- -----------------
2007 2006 2007 2007 2006
-------- -------- -------- -------- --------

Loss from Operations $(2,589) $(2,139) $(1,982) $(4,571) $(5,245)
Plus (Less):
Stock based
Compensation:
COS-Ad Systems 4 2 4 8 5
COS - Services 9 46 7 16 101
Sales and marketing 91 119 86 177 291
Research and
development 26 85 28 54 194
General and
administrative 513 243 213 726 572
Depreciation: 140 133 141 281 278
Amortization: 258 139 156 414 277
Restructuring charges - - - - 92
-------- -------- -------- -------- --------
Adjusted Operating
Income (loss) $(1,548) $(1,372) $(1,347) $(2,895) $(3,435)
-------- -------- -------- -------- --------

Viewpoint:
Tatyana Yemets, 212-201-0821
[e-mail]
or
Investor Relations:
212-201-0800
[e-mail]

[gerdass]

DG FastChannel(TM), Inc. (NASDAQGIT), the leading provider of digital media services to the advertising, entertainment and broadcast industries, today reported financial results for the second quarter ended June 30, 2007.



Second Quarter Highlights

-- Consolidated revenue of $21.7 million compared to $15.1 million in the comparable period of 2006. The Company's consolidated revenue for the period ended June 30, 2007 includes approximately one month of results of operations of Pathfire, Inc., which was acquired on June 4, 2007. The second quarter 2006 consolidated results include one month of operations of FastChannel Network, Inc.

-- Second quarter pro forma revenue growth of 8% on a year-over-year basis. Pro forma revenues for the 2007 and 2006 second quarters include contributions from Pathfire, Inc., and FastChannel Network, Inc. as if these entities were acquired as of April 1, 2007 and April 1, 2006, respectively.

-- Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, restructuring, and impairment charges) of $7.4 million compared to $4.1 million in the comparable period of 2006, an increase of approximately 81%.

-- Net income of $3.3 million, or $0.20 per diluted share, compared with net income of $1.1 million, or $0.12 per diluted share in the 2006 second quarter.

-- Reflecting the $30 million acquisition of Pathfire during the quarter, DG FastChannel had $8.3 million in cash and $33.1 million of debt and capital leases as of June 30, 2007.

Scott K. Ginsburg, Chairman and CEO of DG FastChannel commented on the results, "The second quarter was an active and successful period for DG FastChannel highlighted by record financial results. Additionally, we entered into several strategic acquisitions and partnerships that will expand the breadth of our next generation, state-of-the-art digital media offerings across new and exciting markets.

"Our strategy of constantly upgrading our technology platform and consolidating complementary businesses is setting new benchmarks for revenue, EBITDA, net income and EPS. Importantly, margins and operating efficiencies also are improving. Year-over-year revenue rose 43% to $21.7 million, driving a 67% increase in diluted earnings per share. In addition, our operations achieved year-over-year pro forma organic revenue gains of 8% while second quarter adjusted EBITDA rose 81% to $7.4 million. Second quarter 2007 EBITDA margins rose to a quarterly record 34% and reflect our ability to extract cost synergies and derive operating efficiencies.

"Operationally, during the 2007 second quarter, 94 percent of our video traffic was delivered through our electronic digital network, up from 92 percent a year ago, and 82 percent two years ago. Another important milestone was reached as second quarter HD revenues surpassed $1.3 million, accounting for approximately 6% of the Company's total revenue, as compared to less than $100,000 in the same period last year."

DG FastChannel recorded other income, net of interest expense, for the 2007 second quarter of $0.7 million compared to interest expense of $0.6 million in the 2006 second quarter. During the 2007 second quarter the Company recorded a $0.9 million adjustment to other income reflecting the extinguishment of certain liabilities associated with the Media DVX and Pathfire acquisitions. The Company reported net debt of $24.9 million at June 30, 2007 as borrowings increased during the period to fund the acquisition of Pathfire, Inc.

Business Summary

Mr. Ginsburg added, "We are consistently executing on our strategy to create value for our shareholders through the combination of strategic initiatives, technological innovation, HD advertising, and the realization of operational and cost synergies. DG FastChannel is the premier digital media services entity offering streamlined advertising workflow solutions to brands and agencies. Our customer base, leading-edge product offerings, unmatched network footprint and experienced client services team have created a solid foundation for further growth.

"Besides our strategic acquisitions and HD advertising initiatives and capabilities, DG FastChannel's commitment to bring 'digital convergence' and integrated marketing solutions to the advertising community for both traditional and new media is being addressed through our strategic partnership with Viewpoint Corporation. As market analysts project significant increases in online video advertising, we have rolled out products to allow advertisers and agencies to re-purpose their valuable broadcast video assets across the Internet with rich media ads that are engaging, interactive and visually stunning."

Transaction Update

During the recent quarter, DG FastChannel:

-- Entered into a definitive agreement to acquire, in an accretive transaction, Point.360's ads distribution operations including its customer base, sales professionals, and customer service representatives.

-- Completed the acquisition of Pathfire, Inc. Pathfire provides a robust digital media distribution pathway and sophisticated network operations center serving the television and entertainment industries and expands DG FastChannel's capabilities to include distribution of third-party long-form content, primarily news and syndicated programming.

-- Announced a strategic partnership with Viewpoint Corporation (NASDAQ:VWPT), a leading Internet marketing technology and ad serving company, whereby DG FastChannel integrated its media services platform with Viewpoint's Unicast advertising solutions technology. DG FastChannel's Online Video Internet partnership with Unicast enables brands and advertisers to turn their traditional and broadcast video assets into online display ads that are pre-certified across thousands of Web sites. DG FastChannel also completed a $4.3 million private equity investment in Viewpoint Corporation which, as of June 30, 2007, had a fair market value of approximately $14.3 million (inclusive of 2.7 million common stock warrants).

-- Entered into a definitive agreement to acquire GTN, Inc. which serves the advertising community through a comprehensive range of advertising media services including distribution for standard definition (SD) and high definition (HD) commercials, production, post-production, asset management and archival services. GTN's marquee clients include top automotive advertisers and Detroit-based advertising agencies focused on the automotive advertising market.

Non-core Asset Disposition Update

DG FastChannel completed its strategic program to divest of non-core assets and certain intellectual property. The Company finalized this plan via the sale of certain intellectual property assets for $2.5 million in July 2007.

Company Outlook

Mr. Ginsburg concluded, "Three years ago, we outlined a strategy for growth whereby we would capitalize on the expansiveness of our digital distribution network, agency and advertiser relationships, focus on customer care, dedication to technology and a host of new business initiatives and strategic acquisitions. Since that time, we have invested heavily in research and development; advanced IP multicast digital satellite and Internet delivery technologies; and led industry innovation with an expanded range of digital media service offerings. Through a dedicated company-wide effort, we successfully integrated the operations of DG Systems, AGT-Broadcast, Media DVX, Source TV and FastChannel. Altogether, these efforts have resulted in an entity with growing revenue and operating efficiencies and excellent prospects for future growth.

"It is anticipated that DG FastChannel's 2007 revenues on a pro forma basis--assuming the Point.360 advertising distribution operations, GTN acquisition, and Pathfire operations were acquired effective as of January 1, 2007, and reflecting anticipated revenue and expense synergies--will approximate $118 to $123 million with expected EBITDA in the $37 to $39 million range.

"The Point.360, Pathfire, Viewpoint and GTN transactions will deliver significant additional enhancements to the customer base while DG FastChannel shareholders will benefit from our proven ability to combine like businesses and drive superior returns. We expect the current and upcoming periods to continuously show benefits from our strong industry position, merger synergies and core competencies.

"The second quarter's two strategic transactions -- Pathfire and Point.360 ads distribution business -- add new clients and strengthen our core business of offering the standard in digital media distribution services to a growing base of blue chip advertisers and agencies. Additionally, the Pathfire transaction broadens DG FastChannel's product offerings with the electronic delivery of syndicated programming, news, and electronic press kits.

"We expect continued financial growth for the second half of 2007 based upon increasing electronic video traffic, growing HD deliveries and the near-term benefit of the Pathfire and Point.360 ads distribution acquisitions. The GTN transaction, the realization of merger cost synergies and our strategic alliance with Viewpoint, which initiated an online delivery component to the DG FastChannel platform, will contribute to our financial growth in the periods ahead."

Second Quarter 2007 Financial Results Webcast

The Company's second quarter conference call will be broadcast live on the Internet at 10 a.m. EDT on Thursday, August 9, 2007. The webcast is open to the general public and all interested parties may access the live webcast on the Internet at the Company's Web site at www.dgfastchannel.com. Please allow 15 minutes to register and download or install any necessary software.

Non-GAAP Reconciliation and Adjusted EBITDA Definition

Adjusted EBITDA is defined as earnings before interest, taxes, impairment, restructuring, depreciation and amortization. Although adjusted EBITDA is not a measure of performance or liquidity calculated in accordance with generally accepted accounting principles (GAAP), the Company believes they may be useful to an investor in evaluating the Company's performance. However, investors should not consider these measures in isolation or as substitutes for operating income, cash flows from operating activities or any other measure for determining the Company's operating performance or liquidity that is calculated in accordance with GAAP. In addition, because adjusted EBITDA is not calculated in accordance with generally accepted accounting principles, it may not necessarily be comparable to similarly titled measures employed by other companies. A reconciliation of the adjusted EBITDA figures included herein with operating income can be made by deducting operating expenses, excluding depreciation and amortization from the Company's revenues.

About DG FastChannel, Inc.

DG FastChannel (DGIT: Nasdaq) is the leading provider of next generation workflow solutions, digital media technology and delivery services to America's most esteemed brands. The Company's delivery network reaches over 21,000 television and radio stations, cable and TV networks, cable outlets and newspapers. DG FastChannel's service and proprietary product set are integrated to provide content providers, including brands and commercial production entities, news organizations, syndicated programmers, and video news release producers and broadcasters end-to-end digital solutions that maximize efficiency while reducing costs. DG FastChannel's advanced capabilities include online delivery of high-definition (HD) content, re-purposing of broadcast video for the Internet, management of digital assets, and ubiquitous satellite and Internet reach resulting in the industry's highest levels of reliability, speed and quality. For more information visit www.dgfastchannel.com.

Forward-Looking Statements

This release contains forward-looking statements relating to the Company, including the expansion of its digital distribution network, the demand among certain clients for digital audio and video delivery services and its expectations for the proposed acquisition of the Point.360 advertising distribution operations, GTN and its strategic alliance with Viewpoint Corporation. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to DG FastChannel's business are set forth in the Company's filings with the Securities and Exchange Commission. DG FastChannel assumes no obligation to publicly update or revise any forward-looking statements.

DG FastChannel, Inc.
Consolidated Statements of Income
(In thousands, except per share data)

Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2007 2006 2007 2006
---------- ------- -------- -------
Revenues $ 21,689 $15,124 $41,583 $28,159
Operating expenses, excluding
depreciation and amortization 14,304 11,035 27,597 20,949
---------- ------- -------- -------
EBITDA 7,385 4,089 13,986 7,210
Depreciation and amortization 2,469 1,758 5,013 3,296
---------- ------- -------- -------
Operating income $ 4,916 $ 2,331 $ 8,973 $ 3,914
Interest expense and (other
income), net (657) 622 (483) 1,133
---------- ------- -------- -------
Income before income taxes from
continuing operations 5,573 1,709 9,456 2,781
Provision for income taxes 2,229 649 3,780 1,056
---------- ------- -------- -------
Net income from continuing
operations 3,344 1,060 5,676 1,725
---------- ------- -------- -------
Net income (loss) from
discontinued operations (4) 32 (137) 117
---------- ------- -------- -------
Net income 3,340 1,092 5,539 1,842
========== ======= ======== =======
Basic net income per common share
from continuing operations $ 0.21 $ 0.12 $ 0.36 $ 0.21
Basic net income (loss) per common
share from discontinued
operations - - (0.01) 0.01
---------- ------- -------- -------
Basic net income per common share $ 0.21 $ 0.12 $ 0.35 $ 0.22
---------- ------- -------- -------
Diluted net income per common
share from continuing operations 0.20 0.12 0.35 0.21
Diluted net income (loss) per
common share from discontinued
operations - - (0.01) 0.01
---------- ------- -------- -------
Diluted net income per common
share $ 0.20 $ 0.12 $ 0.34 $ 0.22
========== ======= ======== =======
Weighted average shares
outstanding - Basic 15,865 9,138 15,855 8,285
========== ======= ======== =======
Weighted average shares
outstanding - Diluted 16,358 9,141 16,251 8,286
========== ======= ======== =======

DG FastChannel, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

June 30, December 31,
2007 2006
------------ ------------
Cash $ 8,255 $ 24,474
Accounts receivable 19,290 15,433
Property and equipment 15,759 12,829
Long term investments 23,642 5,180
Goodwill 85,269 65,545
Deferred tax assets 2,129 12,534
Intangibles and Other 50,145 37,002
Assets of discontinued operations 1,798 2,586
------------ ------------
TOTAL ASSETS $ 206,287 $ 175,583
============ ============

Accounts payable and accrued liabilities $ 9,713 $ 12,612
Deferred revenue 3,752 1,100
Deferred tax liabilities 3,465 -
Debt and capital leases 33,150 19,840
Liabilities of discontinued operations 106 145
------------ ------------
TOTAL LIABILITIES 50,186 33,697
TOTAL STOCKHOLDERS' EQUITY 156,101 141,886
------------ ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 206,287 $ 175,583
============ ============

DG FastChannel, Inc.
Omar Choucair, 972-581-2000
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, 212-835-8500
[e-mail]

[gerdass]

Internationale Handelsplätze
NASDAQ
VWPT / USD 0,99
300 +0,0100
+1,02 22:00:12
10.08.2007 -
- 0,98
1,02 1,02
0,89 185.068
172.000

[gerdass]

Antwort auf Beitrag Nr.: 31.106.285 von gerdass am 09.08.07 23:05:59

[gerdass]

Internationale Handelsplätze
NASDAQ
VWPT / USD 0,81
1.384 +0,080
+10,96 22:00:07
14.09.2007 -
- 0,73
0,75 0,82
0,74 53.279
41.535


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[gerdass]

Viewpoint Corporation (NASDAQ:VWPT), a leading internet marketing technology company, today announced financial results for the third quarter and nine months ended September 30, 2007.



Viewpoint reported total revenue of $4.5 million for the third quarter of 2007, an 18 percent increase as compared to $3.8 million in the second quarter of 2007 and a 40 percent increase as compared to $3.2 million in the third quarter 2006. Gross profit was $2.4 million for the third quarter of 2007, in line with the second quarter of 2007, and an increase of 3 percent compared to the $2.3 million in the third quarter of 2006.

Patrick Vogt, Chief Executive Officer, commented, "I am pleased with the progress in the third quarter. Our Unicast Ad Delivery platform continues to achieve strong results as we maintain our laser focus on meeting the escalating demand for Premium Rich Media. Our business continues to gain momentum and we are on track to finish 2007 with strong financial results."

Net loss for the third quarter 2007 was $0.3 million or $(0.00) per share compared to a net loss of $5.2 million, or $(0.07) per share in the second quarter 2007 and a net loss of $12.3 million, or $(0.18) per share, in the third quarter 2006. Operating loss for the third quarter of 2007 was $2.4 million, compared to operating loss of $2.6 million in the second quarter of 2007 and a $13.2 million operating loss for the third quarter of 2006. Both the net loss and operating loss in the third quarter of 2006 included a non-cash goodwill impairment charge of $10.7 million.

Adjusted operating loss (as defined in Financial Measures below) for the third quarter 2007 was $1.5 million, in-line with the second quarter of 2007 and an improvement over a $1.7 million adjusted operating loss in the third quarter of 2006.

For the nine months ended September 30, 2007, the Company reported revenue of $11.7 million, a 10 percent decrease compared to $12.9 million for the same period in 2006. Gross profit for the nine months ended September 30, 2007 was $7.1 million, a 4 percent decrease compared to $7.4 million for the nine months ended September 30, 2006. Viewpoint's operating expenses for the nine month period ending September 30, 2007 were $14.0 million, compared with $25.8 million for the nine month period ending September 30, 2006.

The Company's net loss for the nine months ended September 30, 2007 of $7.4 million, or $(0.10) per share, was based on a loss from operations of $6.9 million, which included charges of $1.3 million for non-cash stock based compensation and $1.2 million for depreciation and amortization. This compares to a net loss for the nine months ended September 30, 2006 of $19.1 million, or $(0.29) per share, based on a loss from operations of $18.5 million, which included charges of $1.6 million for non-cash stock based compensation and $0.9 million for depreciation and amortization and a $10.7 million non-cash goodwill impairment charge.

During the first nine months of 2007 the adjusted operating loss was $4.4 million as compared to an adjusted operating loss of $5.2 million for the first nine months of 2006.

Viewpoint's cash, cash equivalents, and marketable securities as of September 30, 2007 were $3.3 million. This can be compared to cash, cash equivalents, and marketable securities of $5.7 million as of June 30, 2007 and $4.3 million as of December 31, 2006. Accounts receivable was $4.3 million as of September 30, 2007 compared to $3.4 million as of June 30, 2007 and $3.0 million as of December 31, 2006. As previously announced, in October the Company raised $11 million pursuant to a private placement transaction, and closed on the Springbox acquisition. As part of the cost of the acquisition, the Company paid approximately $5 million on closing at the end of October.

FINANCIAL INFORMATION

Management prepares and is responsible for the Company's consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the United States. The financial information contained in this press release, which is unaudited, is subject to revision and should not be considered final until the Company files its Quarterly Report on Form 10-Q, which is scheduled to occur on or before November 9, 2007. At the present time, the Company has no reason to believe that there will be changes to the financial information contained herein.

FINANCIAL MEASURES

In addition to the results presented above in accordance with generally accepted accounting principles, or GAAP, the Company presents financial measures that are non-GAAP measures, specifically adjusted operating income. The Company believes that this non-GAAP measure, viewed in addition to and not in lieu of the Company's reported GAAP results, provides useful information to investors regarding its performance and overall results of operations. These metrics are an integral part of the Company's internal reporting to measure the performance of the Company and the overall effectiveness of senior management. Reconciliations to comparable GAAP measures are available in the accompanying schedules and on the Company's website. The financial measures presented are consistent with the Company's historical financial reporting practices. The non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies, and are not identical to corresponding measures used in our various agreements or public filings.

CONFERENCE CALL

The Company will host a conference call on November 6, 2007 at 9:00 A.M. (Eastern Time) to discuss third quarter 2007 financial results.

The conference call will be available via the Internet in the Investor Relations section of Viewpoint's Web site at http://www.viewpoint.com, as well as through Thomson/CCBN at www.earnings.com. If you are not able to access the live Web cast, dial in information is as follows:

Toll-Free Telephone Number: [phone]

International Telephone Number: [phone]

Passcode: 23281362

Participants should call at least 10 minutes prior to the start of the call.

A complete replay of the conference call will be available approximately one hour after the completion of the call by dialing [phone] through Tuesday, November 13, 2007. Callers should enter the pass code above to access the recording.

ABOUT VIEWPOINT

Viewpoint is a leading Internet marketing technology company, offering Internet marketing and online advertising solutions through the powerful combination of its proprietary visualization technology and a full range of campaign management services including TheStudio, Viewpoint's creative services group; Unicast, Viewpoint's online advertising group; and KeySearch, Viewpoint's search engine marketing consulting practice. Viewpoint's technology and services are behind the online presence of some of the world's most esteemed brands, including AOL, GE, Sony, and Toyota. More information on Viewpoint can be found at www.viewpoint.com.

The company has approximately 140 employees with offices in New York, NY, Los Angeles, CA, Austin, TX and London, UK.

FORWARD LOOKING STATEMENTS

This press release contains "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and similar expressions that reflect Viewpoint's current expectations about its future performance. These statements and expressions are subject to risks, uncertainties and other factors that could cause Viewpoint's actual performance to differ materially from those expressed in, or implied by, these statements and expressions. Such risks, uncertainties and factors include those described in Viewpoint's filings and reports on file with the Securities and Exchange Commission.

Copyright (C) 2007 Viewpoint Corporation. All Rights Reserved. Viewpoint, Unicast, TheStudio by Viewpoint and KeySearch are trademarks or registered trademarks of Viewpoint Corporation.

VIEWPOINT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)


Three Months Ended
September 30, June 30,
------------------ --------
2007 2006 2007
-------- --------- --------
Revenue:
Advertising systems $ 2,004 $ 961 $ 1,426
Search 1,533 1,460 1,726
Services 954 786 680
Licenses 19 4 5
-------- --------- --------
Total revenue 4,510 3,211 3,837

Cost of revenue:
Advertising systems 1,350 399 913
Search 29 39 28
Services 747 455 509
Licenses 3 - -
-------- --------- --------
Total cost of revenue 2,129 893 1,450
-------- --------- --------
Gross profit 2,381 2,318 2,387

Operating expenses:

Sales and marketing 1,118 1,454 1,322
Research and development 892 982 804
General and administrative 2,301 2,102 2,507
Depreciation 147 113 113
Amortization of intangible assets 282 222 230
Impairment of goodwill - 10,655 -
-------- --------- --------
Total operating expenses 4,740 15,528 4,976

Loss from operations (2,359) (13,210) (2,589)

Other income (expense):
Interest and other income, net 68 95 61
Interest expense (202) (213) (200)
Changes in fair values of warrants to
purchase common stock and conversion
feature of convertible notes 2,254 1,021 (2,418)
-------- --------- --------
Total other income (expense) 2,120 903 (2,557)
-------- --------- --------
Loss before provision for income taxes (239) (12,307) (5,146)

Provision for income taxes 17 30 16
-------- --------- --------
Net loss from continuing operations (256) (12,337) (5,162)

Net loss $ (256) $(12,337) $(5,162)
======== ========= ========

Basic and diluted net loss per common
share: $ (0.00) $ (0.18) $ (0.07)
======== ========= ========

Weighted average number of shares
outstanding-basic and diluted 82,619 67,361 76,577
======= ======== =======

VIEWPOINT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)

Nine Months Ended
September 30,
----------------------------
2007 2006
-------------- -------------
Revenue:
Advertising systems $ 4,540 $ 5,569
Search 4,744 4,822
Services 2,353 2,430
Licenses 30 82
-------------- -------------
Total revenue 11,667 12,903

Cost of revenue:
Advertising systems 2,715 3,638
Search 100 113
Services 1,737 1,766
Licenses 3 8
-------------- -------------
Total cost of revenue 4,555 5,525
-------------- -------------
Gross profit 7,112 7,378

Operating expenses:

Sales and marketing 3,635 4,481
Research and development 2,506 3,138
General and administrative 6,886 6,687
Depreciation 375 337
Amortization of intangible assets 640 443
Impairment of goodwill - 10,655
Restructuring charges - 92
-------------- -------------
Total operating expenses 14,042 25,833

Loss from operations (6,930) (18,455)

Other income (expense):
Interest and other income, net 180 264
Interest expense (606) (709)
Loss on conversion of debt - -
Changes in fair values of warrants to
purchase common stock and conversion
feature of convertible notes (7) (151)
-------------- -------------
Total other income (expense) (433) (596)
-------------- -------------
Loss before provision for income taxes (7,363) (19,051)

Provision for income taxes 45 56
-------------- -------------
Net loss from continuing operations (7,408) (19,107)
Adjustment to net loss on disposal of
discontinued operations - -
-------------- -------------

Net loss $ (7,408) $ (19,107)
============== =============

Basic and diluted net loss per common
share: $ (0.10) $ (0.29)
============== =============

Weighted average number of shares
outstanding-basic and diluted 75,677 66,253
============== =============

VIEWPOINT CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
(Unaudited)


September December
30, 2007 31, 2006
---------- ----------
Assets
Current assets:
Cash and cash equivalents $ 1,531 $ 4,154
Marketable securities 1,725 113
Accounts receivable, net 4,345 3,037
Prepaid expenses and other current assets 679 543
---------- ----------
Total current assets 8,280 7,847

Restricted cash 591 190
Property and equipment, net 802 1,023
Goodwill 15,103 14,882
Intangible assets, net 3,779 3,689
Other assets 60 56
---------- ----------
Total assets $ 28,615 $ 27,687
========== ==========

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 2,527 $ 1,660
Accrued expenses 426 401
Deferred revenue 177 70
Current portion of notes payable 488 389
Accrued incentive compensation 545 545
Current liabilities related to discontinued
operations 231 231
---------- ----------
Total current liabilities 4,394 3,296

Accrued expenses - Deferred Rent 160 232
Warrants to purchase common stock 1,877 467
Subordinate notes 2,529 2,456
Unicast notes 1,420 1,541

Stockholders' equity
Preferred stock - -
Common stock 83 68
Paid-in capital 312,157 306,214
Treasury stock (1,015) (1,015)
Accumulated other comprehensive loss 4 14
Accumulated deficit (292,994) (285,586)
---------- ----------
Total stockholders' equity 18,235 19,695
---------- ----------
Total liabilities and stockholders' equity $ 28,615 $ 27,687
========== ==========

VIEWPOINT CORPORATION
RECONCILIATION OF INCOME (LOSS) FROM OPERATIONS TO ADJUSTED OPERATING
INCOME (LOSS)
(in thousands, except per share amounts)
(Unaudited)


Three Months Ended Nine Months Ended
September 30, June 30, September 30,
------------------ -------- ------------------
2007 2006 2007 2007 2006
-------- --------- -------- -------- ---------

Loss from Operations $(2,359) $(13,210) $(2,589) $(6,930) $(18,455)
Plus (Less):
Stock based
Compensation:
COS-Ad Systems 5 10 4 13 15
COS - Services 10 25 9 26 126
Sales and marketing 90 104 91 267 395
Research and
development 29 67 26 83 261
General and
administrative 218 247 513 944 819
Depreciation: 169 137 140 450 415
Amortization: 310 250 258 724 527
Impairment of
Goodwill - 10,655 - - 10,655
Restructuring charges - - - - 92
-------- --------- -------- -------- ---------
Adjusted Operating
Income (loss) $(1,528) $ (1,715) $(1,548) $(4,423) $ (5,150)
-------- --------- -------- -------- ---------

Viewpoint Corporation
Tatyana Yemets, 212-201-0821
[e-mail]
or
Investor Relations:
212-201-0800
[e-mail]

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