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Zix Corporation Hits High End of Financial Guidance as Company Announces Third Quarter 2009 Financial Results
Date:10/27/2009

illion in the third quarter of 2009 and 2008, respectively, with the decrease in 2009 driven by reduced headcount, primarily in the Company's e-Prescribing business.

Adjusted Earnings: The Company recorded adjusted net income of $0.8 million, or $0.01 per share for the third quarter of 2009, compared with an adjusted net loss of $0.8 million or $0.01 loss per share for the comparable quarter in 2008. The increase in adjusted net income resulted from growth in revenue combined with the drop in cost of sales and operating expenses, specifically SG&A as noted above, compared with 2008. See the attached "Reconciliation of GAAP and Non-GAAP Financial Measures" for a reconciliation of GAAP to non-GAAP line items.

Outlook: The Company forecasts revenue for the fourth quarter to be between $7.9 and $8.1 million. Our adjusted basic earnings per share is expected to be between $0.01 and $0.02.

Third Quarter Conference Call Information

The Company will hold a conference call to discuss the Company's third quarter operating results on October 27 at 5:00 p.m. ET.

A live Webcast of the conference call will be available on the investor relations portion of ZixCorp's Web site at http://investor.zixcorp.com. Alternatively, participants can listen to the conference call by dialing 617-213-8058 or toll-free 866-578-5801 and entering access code 34628571. An audio replay of the conference will be available until November 3, 2009, by dialing 617-801-6888 or toll-free 888-286-8010, and entering the access code 38605390, and after that date via Webcast from the Company's Web site.

About Zix Corporation

Zix Corporation (ZixCorp®) is the leading provider of hosted email encryption and payor sponsored e-prescribing services. ZixCorp's email encryption services provide an easy an
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SOURCE Zix Corporation
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