Radware - da steckt was dahinter... - 500 Beiträge pro Seite

[detroit]

guten morgen,

nachdem das 3. quartal nicht so berauschende zahlen gebracht hat, ist der jahresabschluß meine ich umso besser und ich hoffe, daß dadurch diesem israelischen high-tech-wert jetzt mehr beachtung geschenkt wird. dazu möchte ich auch diesen thread hier benutzen. ich bitte um meinungen zu RDWR, da es hierzu erst sehr wenige postings gibt.

hier einige news:

RADWARE Ltd. Announces Record Fourth Quarter and Year-End Revenues and Record
Earnings Per Share

PR Newswire
Wednesday February 2 4:05pm

TEL AVIV, Israel, Feb. 2 /PRNewswire/ -- RADWARE Ltd. (Nasdaq: RDWR), a leading provider of
Internet traffic management (ITM) solutions enabling continuous access to Web sites, IP applications and
content, today is pleased to announce its results of operations for the quarter and year ended December
31, 1999.

For the fourth quarter of fiscal 1999, RADWARE reported revenues of $5.0 million, an increase of 176%
from $1.8 million in the fourth quarter of 1998. For fiscal 1999, the Company reported revenues of $14.1
million, up 189% from $4.9 million for fiscal 1998.

RADWARE has reached profitability for the first time. Net income for the fourth quarter of fiscal 1999
was $517 thousand or $0.03 per diluted share, compared to net loss of $108 thousand or ($0.01) per diluted
share for the fourth quarter of fiscal 1998. The net income for fiscal 1999 was $280 thousand or $0.02 per
diluted share, compared to a net loss of $1.3 million or ($0.16) per diluted share for the previous year.

In January 2000, RADWARE successfully completed a follow-on public offering of common stock. Net
proceeds to the Company from the offering were approximately $60.2 million.

Meir Moshe, Chief Financial Officer of RADWARE said, "RADWARE has again demonstrated the
ability to deliver strong financial results. We expect another good year in 2000 as these positive trends
continue. Our new cash position, after the completion of the follow-on offering, is approximately $129
million in cash. This cash position will enable us to exploit more business opportunities."

Roy Zisapel, President and Chief Executive Officer of RADWARE said, "By nearly every measure, the
fourth quarter and year-end results were the most successful in RADWARE`s history. Our outstanding
quarterly results reflect strong gains in a number of metrics in our business: namely revenues and net
income. This performance reflects RADWARE`s leadership position within the burgeoning Internet traffic
management market and the strength of our business model. We feel RADWARE is well positioned to
serve the ITM market demands as our product capabilities continue to win reliability and performance
awards from industry competitions and our Internet traffic management solutions expertise is being
recognized around the world. During the quarter, we increased our sales force to meet the demand for our
products worldwide, and we increased our customer base substantially as well. In addition, we established
a new alliance with Lucent Technologies and successfully released our new `LinkProof` product. We look
forward to the first quarter of 2000 with the goal of setting new revenue growth records."

RADWARE Ltd. develops, manufactures and markets products that manage and direct Internet traffic
among network resources to enable continuous access to Web sites and other services, applications and
content based on Internet protocol. RADWARE offers a broad range of Internet traffic management
solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted
availability and optimal performance of IP-based applications that are critical to their business.
RADWARE`s Internet traffic management solutions enable customers to manage their network
infrastructure to bypass system failures and to scale their network infrastructure to accommodate
increasing IP traffic. RADWARE`s products improve the productivity of network infrastructure by
distributing traffic within a network to optimize the use of available network resources. RADWARE`s
products can be deployed either as independent solutions to address specific application needs at a
particular location within a network or as an end-to-end integrated solution to manage traffic throughout a
network.

This press release contains forward-looking statements. Such statements involve various risks that may
cause actual results to differ materially. These risks and uncertainties include, but are not limited to:
market demand for the company`s products, successful implementation of the company`s products,
economic and competitive factors, international market conditions, technological developments, the ability
to finance operations and other factors which are detailed in the company`s SEC filings.

Consolidated Balance Sheets
(U.S. Dollars In thousands)

December 31, December 31,
1999 1998
Current assets
Cash and cash equivalents 68,747 1,677
Trade receivables, net 2,915 839
Other receivables and
prepaid expenses 920 471
Inventories 782 565
73,364 3,552

Property and equipment, net 1,036 218
Deposit with insurance
companies 254 63
Security deposit 80 0
Total assets 74,734 3,833

Current liabilities
Trade payables 1,813 336
Other payables and
accrued expenses 3,248 709
Total current liabilities 5,061 1,045

Accrued severance pay 254 83
5,315 1,128
Shareholders` equity
Share capital 360 16
Additional paid-in capital 71,817 4,262
Deferred compensation (1,553) -88
Accumulated deficit (1,205) -1,485
Total shareholders` equity 69,419 2,705
Total liabilities and
shareholders` equity 74,734 3,833

Consolidated Statements Of Operations
(U.S. Dollars In thousands, except share data)

For the For the
Three months Three months For the For the
ended ended year ended year ended
December 31, December 31, December 31, December 31,
1999 1998 1999 1998

Sales 5,005 1,813 14,141 4,900
Cost of sales 807 234 2,269 899
Gross profit 4,198 1,579 11,872 4,001
R&D-gross 730 320 2,099 1,081
Participation in R&D 139 78 466 341
R&D net 591 242 1,633 740
S&M 3,385 1,384 9,678 4,205
G&A 423 87 1,137 298
Total operation expenses 4,399 1,713 12,448 5,243
Operating loss (201) (134) (576) (1,242)
Financial income
(expenses) 718 26 856 (11)
Net income (loss) 517 (108) 280 (1,253)

Basic net income
(loss) per share $0.04 $(0.01) $0.03 $(0.16)

Weighted Average shares
used to compute
Basic net income
(loss) per share 14,413,992 9,526,869 11,174,639 7,777,635

Diluted net income
(loss) per share $0.03 $(0.01) $0.02 $(0.16)
Weighted Average shares
used to compute Diluted
net income (loss) per
share 15,950,717 9,526,869 12,472,318 7,777,635

Source:
RADWARE Ltd.
Contact:
Denis Dobson of Dennis S. Dobson, Inc. 203-255-7902; or Meir Moshe, CFO of
RADWARE, [phone]



Source: PR Newswire

[lenny007]

!

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[DrResearch]

...die Zahlen waren in der Tat super. Wer auf den Chart blickt, der kann auch unschwer erkennen, daß es eigentlich nur mehr eine Richtung geben kann.

Radware ins Depot!