Entrust is guiding first-half 2009 revenue of between $44.0 million and $46.0 million. Entrust is guiding a net income, in accordance with GAAP, of between $0.03 and $0.05 per share for the first half of 2009. On a non-GAAP basis, the company is guiding a profit of between $0.05 and $0.07 per share for the first half of 2009. For the full year 2009, Entrust is targeting a net income, in accordance with GAAP, of approximately $0.11 per share. On a non-GAAP basis, the company is guiding a full-year profit of $0.15 per share. The company's Q1 2009 total expenses on a non-GAAP basis are expected to be between $20.0 and $21.0 million.
The Company expects to be cash-flow positive from operations before adjustments to exclude the effects of the net change in accrued restructuring charges for the full year by more than $15.0 million. The Company is also targeting bookings from subscription-based products of more than $20.0 million. See the financial table below reconciling the non-GAAP figures to GAAP. All guidance is predicated on current exchange rates.
"As I look ahead to our 2009 objectives, we are focused on meeting our earnings goals, generating cash and continuing to build our market share in risk-based authentication, subscription-based PKI solutions and global government," said Conner. "We are in very uncertain times; however, we are optimistic in our ability to execute our earnings plan. In a year where earnings and cash flow will be most important, we have removed costs from the business to enable the company to continue to drive increased earnings and cash flow in an uncertain top-line environment."
|SOURCE Entrust, Inc.|
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