Zix Corporation Reports Another Record-High Revenue Quarter as Company Announces Second Quarter 2009 Financi...( (A) Non-cash stock-based compensatio...),Health

Date:7/28/2009

== (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" (B) Severance payments related to reduction in force (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 taxes to be paid ZIX CORPORATION RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) Six Months Ended June 30, 2009 ------------------------------ Non-Cash Strategic Stock- Non- Alter- Income based Recurring native Tax Non-GAAP GAAP Comp. Items Review Impact ("Adj.") Results (A) (B) (C) (D) Net Loss ------- -------- ----- ------ ------ --------- Revenues $14,627,000 $14,627,000 Cost of revenues 4,839,000 (185,000) (42,000) 4,612,000 --------- -------- -------- ------ ------- ---------- Gross profit 9,788,000 185,000 42,000 - - 10,015,000 Operating expenses: Research and development 3,478,000 (150,000) (8,000) 3,320,000 Selling, general and administrative 9,872,000(1,035,000)(434,000)(75,000) 8,328,000 --------- --------- ------- ------ ------- --------- Total operating
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