Zix Corporation Reports Another Record-High Revenue Quarter as Company Announces Second Quarter 2009 Financi...( ...),Health

DALLAS, July 28 /PRNewswire-FirstCall/ -- Zix Corporation (ZixCorp((R))), (Nasdaq: ZIXI), the leader in hosted services for email encryption and payor-sponsored e-prescribing, today announced financial results for the second quarter ended June 30, 2009. ZixCorp recorded second quarter revenues of $7.4 million and a GAAP net loss of $1.9 million for the quarter, or $0.03 loss per share, compared with revenues of $7.0 million and a GAAP net loss of $1.4 million, or $0.02 loss per share, in the corresponding quarter in 2008. Adjusted net loss (see "Use of Non-GAAP Financial Information" below and the attached Reconciliation of GAAP to Non-GAAP Financial Measures) was $0.8 million, or $0.01 loss per share, compared with an adjusted net loss of $0.7 million, or $0.01 loss per share, in the corresponding quarter in 2008.

"Another solid quarter, particularly in our Email Encryption business, led to our highest results for both overall revenue and total orders for Email," said Rick Spurr, Chairman and Chief Executive Officer for ZixCorp. "Regulatory compliance with specific measures, such as the expansion of HIPAA in the American Recovery and Reinvestment Act, also known as the stimulus package, and new state laws such as those in Massachusetts and Nevada, combined with an overall shift under the current administration to a more stringent regulatory environment, led to strong sales results in both healthcare and financial services. The impact from the economy and competition that we saw in our renewal rate in the second quarter was more than offset by the strong demand for our services from new customers, and we believe there will continue to be strong demand in the Email Encryption market over the next several quarters. As a recognized leader in the Email Encryption industry, with a supe
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