Total revenues of $889,000 for the six months ended June 30, 2007, decreased 23% compared to revenues of $1,149,000 in the corresponding prior year period. The Company's net loss applicable to common stockholders for the six months ended June 30, 2007 and 2006 was $1,650,000 and $1,736,000, respectively. The operating loss for the six month period ended June 30, 2007, before interest expense and amortization of the loan discount, warrants and prepaid financing cost, was $1,146,000 compared to $1,310,000 in the prior year period. Non-cash loan amortization expense for the six months ended June 30, 2007 was $390,000 compared to $405,000 in the corresponding prior year period. This decrease is attributable to the conversion of notes in the prior year period. The basic and diluted loss per share was $0.02 on approximately 108 million weighted average common shares outstanding for the six months ended June 30, 2007 as compared to a basic and diluted loss of $0.02 per share on approximately 107 million weighted average common shares outstanding for the corresponding prior year period.
"Progress with targeted accounts in the second quarter supports our
belief that we will close sufficient orders during the second half of the
year necessary to achieve profitability. Further, we believe our current
sales activity indicates that we now have the breadth of eSignature product
offerings, derived from our experience with large scale deployments with
credible top-tier financial enterprises, required to sell effectively to
both end-users and channel partners thereby providing CIC competitive
differentiation and the foundation necessary for sustained revenue growth
|SOURCE Communication Intelligence Corporation|
Copyright©2007 PR Newswire.
All rights reserved