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Rubrik: World-wide News/Products & News VASCO:
Second Quarter And First Six Months 2003 Results Reflects
Record Income For The Quarter And Six Month Period (02.08.03)
- VASCO Data Security International, Inc. (Nasdaq: VDSI), a global provider
of security products that enable e-business and e-commerce, announced
financial results for the second quarter and six months ended June 30, 2003.
Revenues for the second quarter and first six months were 6,449,000 Dollar
and 12,060,000 Dollar, respectively, and were 55% and 18% higher than the
second quarter and first six months of 2002, respectively. Revenues were also
15% higher than first quarter 2003.
Anzeige
Operating
income for the second quarter of 2003 was 853,000 Dollar compared with an
operating loss of 1,283,000 Dollar for the second quarter of 2002. Operating
income for the six months ended June 30, 2003 was 1,183,000 Dollar compared
to an operating loss of 1,452,000 Dollar for the comparable period of 2002.
Operating expenses for the second quarter and first six months of 2003 were
3,096,000 Dollar and 6,214,000 Dollar, respectively, a decrease of 18% from
3,787,000 Dollar in the second quarter 2002 and a decrease of 20% from
7,760,000 Dollar in the first six months of 2002. The
Company reported net income for the second quarter of 2003 of 721,000 Dollar
compared with a net loss of 1,670,000 Dollar for the comparable period of
2002. Net income for the first
six months of 2003 was 1,202,000 Dollar compared with a net loss of 1,830,000
Dollar for the first six months of 2002. Income per basic and diluted common
share was 0.01 and 0.02 Dollar for the second quarter and first six months of
2003, respectively. The Company reported a net loss per basic and diluted
common share of 0.07 and 0.09 Dollar for the second quarter and first six
months of 2002, respectively. Earnings
before interest, taxes, depreciation and amortization (EBITDA) was 1,343,000
Dollar and 2,181,000 Dollar for the second quarter and first six months of
2003, respectively compared with losses before these items of 1,006,000
Dollar in the second quarter and 781,000 Dollar for the first six months of
2002. The company had a cash balance at June 30, 2003 of 3,983,000 Dollar
compared to 3,892,000 Dollar and 2,616,000 Dollar at March 31, 2003 and
December 31, 2002, respectively. (ma) VASCO Contact:
Jochem Binst Tel.
(0032-2) 4569810, Fax (0032-2) 4569820 E-Mail: jbinst@vasco.com Web: www.vasco.com |
