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Entrust Announces Financial Results for Fourth-Quarter and Fiscal 2008
Date:1/29/2009

SED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended Year Ended December 31st, December 31st, ============== ============== 2008 2007 2008 2007 ==== ==== ==== ==== Revenues: Product 10,179 $10,123 38,257 $36,367 Services and maintenance 14,709 16,543 61,404 63,298 ------ ------ ------ ------ Total revenues 24,888 26,666 99,661 99,665 ------ ------ ------ ------ Cost of revenues: Product 1,917 2,011 8,605 7,796 Services and maintenance 6,937 7,947 29,047 30,359 Amortization of purchased product rights 128 368 916 1,400 ------ ------ ------ ------ Total cost of revenues 8,982 10,326 38,568 39,555 ------ ------ ------ ------ Total gross profit 15,906 16,340 61,093 60,110 ------ ------ ------ ------ Operating expenses: Sales and marketing 7,479 8,255 31,805 34,368 Research and development 3,804 4,586 17,249 20,176 General and administrative 2,869 3,074 11,715 12,521 Write-down of long-term asset - - 1,518 - Restructuring charges and adjustments
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SOURCE Entrust, Inc.
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