Cimetrix Releases Projected Sales and Earnings for 2000 and 2001
21 December 1999
Cimetrix Releases Projected Sales and Earnings for 2000 and 2001SALT LAKE CITY, Dec. 20 -- Cimetrix Incorporated (OTC Bulletin Board: CMXX), of Salt Lake City, UT, has released estimates for earnings and sales for fiscal years 2000 and 2001. These are the first forward-looking estimates published by Cimetrix and fulfill a commitment made to shareholders earlier this year. According to Dave Faulkner, executive vice president of marketing for Cimetrix, "This year was very important for Cimetrix. We added considerable strength to our product portfolio with two acquisitions and substantial investment in R&D, completed the transition to an object oriented design team and formed several strategic partnerships." The following table outlines projected sales and earnings on a quarterly basis for 2000. The Company will announce its actual quarterly results on the 45th day following the first three quarters of each year and its actual annual results on the 90th day following the end of the year. At the time the Company reports its actual results, it will explain any discrepancies with its projections. Next December, the Company will repeat the process for 2001 and 2002. Year 2000 Q1 Q2 Q3 Q4 Total Revenues (in thousands) $1,025 $1,575 $2,000 $2,900 $7,500 Net Income (in thousands) ($250) $273 $800 $1,677 $2,500 For 2001, the Company projects revenue of $17 million and net income of $9 million. Bob Reback, executive vice president of sales for Cimetrix, said, "We have spent several years working closely with major machine builders who are now just beginning to ship machines using Cimetrix software products. We expect the number of machines shipped using Cimetrix software to increase dramatically as these machines are brought to market. Our new products will further increase the value we add to customers that have standardized on the Cimetrix software." Cimetrix is a publicly traded software products company (CMXX) that markets and sells PC-based open architecture machine control and equipment communications software products to the factory automation industry. Cimetrix is building alliances with industry leaders in the fields of semiconductor, SMT (Surface Mount Technology), electronics assembly, robotics, packaging, machine tools, and custom mechanisms. Cimetrix recently acquired products from SDI, of Vancouver, WA to further its presence in the SECS/GEM market, and Object Factory, of Greenville, SC, to supply IEC 1131 component based solutions to the robot and general industry markets. To find out more about Cimetrix and its open architecture products, call 801-256-6500 or find us on the Internet at http://www.cimetrix.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results. Numerous factors may affect the Company's future results, some of which include the following: -- fluctuations in capital spending domestically and internationally in one or more industries in which we sell our products; -- changes in product mix and pricing by us, our suppliers or our competitors; -- new product introductions by us or by our competitors; -- our failure to anticipate the changing product requirements of our customers; -- a lack of market acceptance of our products or a shift in demand for our products; and -- extraordinary events such as litigation or acquisitions. The Company's operating results may also be affected by general economic and other conditions affecting the timing of customer orders and capital spending as well as the mix of product sales. In the event that in some future fiscal quarter our net revenues or operating results fall below the expectations of public market analysts and investors, the price of our common stock may fall. We cannot assure you that we will be able to increase or sustain our profitability on a quarterly or an annual basis in the future.