Date:10/27/2009

========== ========== ======== ======== ====== ========= Basic and diluted loss per common share $(0.07) $(0.01) Basic and diluted weighted average shares outstanding 63,335,508 63,335,508 ========== ========== (A) Non-cash stock-based compensation charges relating to stock option grants awarded to employees and third-party service providers and accounted for in accordance with SFAS123R, "Share-Based Payment," currently within the scope of ASC 718-10. During the third quarter the Company converted to a new third party stock option system which spreads ratably the expense related to stock option forfeitures over each quarter of the vesting period compared to our legacy system that deferred the forfeitures until option grants were fully vested. Although both the new and the legacy systems record the same expense over the life of fully vested stock options, the timing difference created by the two different systems required that we align the two systems upon conversion. In the third quarter our SFAS123R expense includes a non-recurring, non-cash "true-up" of $482,000 in stock-based compensation expense which was the amount of the forfeiture expense related to vesting options previously deferred in the legacy system most of which was included in SG&A expenses. (B) Severance payments related to reduction in workforce (C) Expenses related to strategic review of the Company's e-Prescribing business segment (D) The Company's U.S. operations' net losses for U.S. tax purposes are fully provisioned. The non-GAAP provision for income taxes represents expected cash taxe
'/>"/>

SOURCE Zix Corporation Copyright©2009 PR Newswire. All rights reserved

1 GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Related medicine news :

1. HLTH Corporation Announces Completion of Sale of Porex Unit to Aurora Capital Group
2. China Medicine Corporations Levocarnitine Dried Powder Injection Was Registered with the Ministry of Health of Pakistan
3. Micro-Waste Corporation Ordered to Pay Sanitecs Attorney Fees
4. Kimberly-Clark Announces Definitive Agreement to Acquire I-Flow Corporation
5. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 30
6. Glide Health Corporation and Integrated Medical Professionals Announce Partnership to Deploy the Glide Mobile Health Platform to Over One Million Patients and Over 100 Physicians in 50 Locations
7. JAG Media Holdings, Inc. Amends Articles of Incorporation
8. Advanced Data Systems Corporation and the Maryland Health Care Commission
9. Select Medical Holdings Corporation Successfully Completes Initial Public Offering of Common Stock
10. Association of Retired Xerox Employees Initiate Legal Proceedings Against Xerox Corporation
11. Harris Corporation Demonstrates Secure Exchange of Public Health Information in Cloud Computing Environment