CIMATRON LIMITED
RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION
(US Dollars in thousands, except for per share data)
Three months ended
September 30,
2012 2011
GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP
Total revenue 9,463 - 9,463 9,619 - 9,619
Total cost of revenue 1,218 1,071 1,288 1,141
Non-cash amortization
of acquired intangible assets (147) (147)
One-time income from OCS agreement
Gross profit 8,245 147 8,392 8,331 147 8,478
Research and development expenses,
net 1,613 - 1,613 1,654 - 1,654
Selling, general and
administrative expenses(1) 5,918 (99) 5,819 5,928 (99) 5,829
Operating income 714 246 960 749 246 995
Financial income (expenses), net 41 - 41 (163) - (163)
Taxes on income (2) (199) (90) (289) (566) 565 (1)
Other (18) - (18) 1 - 1
Net income 538 156 694 21 811 832
Less: Net (income) loss
attributable to the
noncontrolling interest (15) - (15) (14) - (14)
Net income attributable to
Cimatron's shareholders $ 523 $ 156 $ 679 $ 7 $ 811 $ 818
Net income per share - basic
and diluted $ 0.06 $ 0.07 $ 0.00 $ 0.09
Weighted average number of
shares outstanding
Basic EPS (in thousands) 9,314 9,314 9,300 9,300
Diluted EPS (in thousands) 9,331 9,331 9,315 9,315
(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets.
(2) Non-GAAP adjustment to exclude the effect of deferred taxes and other non-cash tax provisions.
Table continued…
Nine months ended
September 30,
2012 2011
GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP
Total revenue 29,957 - 29,957 28,488 - 28,488
Total cost of revenue 3,570 3,548 3,906 3,465
Non-cash amortization of
acquired intangible assets (441) (441)
One-time income from OCS agreement 419
Gross profit 26,387 22 26,409 24,582 441 25,023
Research and development
expenses, net 4,935 - 4,935 4,708 - 4,708
Selling, general and
administrative expenses(1) 18,019 (296) 17,723 17,654 (303) 17,351
Operating income 3,433 318 3,751 2,220 744 2,964
Financial income (expenses), net (51) - (51) (9) - (9)
Taxes on income(2) (999) 28 (971) (988) 887 (101)
Other (7) - (7) (9) - (9)
Net income 2,376 346 2,722 1,214 1,631 2,845
Less: Net (income) loss
attributable to the
noncontrolling interest (24) - (24) 13 - 13
Net income attributable to
Cimatron's shareholders $ 2,352 $ 346 $ 2,698 $ 1,227 $ 1,631 $ 2,858
Net income per share
- basic and diluted $ 0.25 $ 0.29 $ 0.13 $ 0.31
Weighted average number
of shares outstanding
Basic EPS (in thousands) 9,308 9,308 9,235 9,235
Diluted EPS (in thousands) 9,325 9,325 9,284 9,284
(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets.
(2) Non-GAAP adjustment to exclude the effect of deferred taxes and other non-cash tax provisions.
