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

s in France, purchased 1,500 Entrust IdentityGuard grid cards with the potential of extending to thousands of users. The grid cards are leveraged to authenticate access to the company's investment Web portal for high-end clients.
  • Michigan's Oakland County, one of the first county governments in the nation to offer this level of Web site encryption, selected Entrust Extended Validation SSL certificates to help instill a high level of citizen trust for their online eCommerce applications and services. More than 1.2 million citizens in Oakland County, which borders Detroit, Mich., will be able to access their county eCommerce online services secured with Entrust EV SSL certificates.
  • Susquehanna Bancshares moved from high-priced, one-time-passcode (OTP) hardware tokens to Entrust IdentityGuard hardware tokens. As part of the rollout, Entrust assisted with the deployment of the Entrust IdentityGuard versatile authentication platform -- the foundation for the OTP token -- to help authenticate remote Susquehanna employees who leverage VPN applications to access corporate networks and resources.

    • GAAP to Non GAAP Reconciliation

    The following charges for the fourth quarter and full year of 2008, reconcile the GAAP and non-GAAP earnings per share:

    • Stock-based compensation charge in accordance with SFAS 123R of approximately $277,000, or $(0.00) per share for the fourth quarter of 2008, and approximately $1.9 million, or $(0.03) per share for the full year of 2008.
    • Amortization charges of intangible assets primarily associated with the acquisition of Business Signatures, Orion and AmikaNow of approximately $378,000, or $(0.01) per share for the fourth quarter of 2008, and approximately $1.9 million, or $(0.03) per share for the full year of 2008.
    • Write-down of long-terms assets
    • Adjusting fo
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    SOURCE Entrust, Inc.
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