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Zix Corporation Reports Highest Revenue Quarter as Company Announces First Quarter 2009 Financial Results
Date:4/28/2009

2009 2008 (unaudited) (audited) ----------- --------- ASSETS Current assets: Cash and cash equivalents $12,228,000 $13,245,000 Marketable securities 25,000 - Receivables, net 706,000 476,000 Prepaid and other current assets 1,236,000 1,145,000 --------- --------- Total current assets 14,195,000 14,866,000 Restricted cash - 28,000 Property and equipment, net 2,362,000 2,236,000 Goodwill and other assets 2,219,000 2,227,000 --------- --------- Total assets $18,776,000 $19,357,000 =========== =========== LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable and accrued expenses $3,536,000 $2,916,000 Deferred revenue 14,201,000 14,960,000 ---------- ---------- Total current liabilities 17,737,000 17,876,000 Long-term liabilities: Deferred revenue 2,764,000 2,484,000 Deferred rent 284,000 300,000 ------- ------- Total long-term liabilities 3,048,000 2,784,000 --------- ---------
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SOURCE Zix Corporation
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