STOCKHOLM, Sweden, August 22, 2003 (PRIMEZONE) -- Protect Data (Other OTC:PRTDF):
SECOND QUARTER
* Sales amounted to SEK 53.1 M (53.2) during the quarter. * Sales of the proprietary product Pointsec increased to SEK 30.6 M (11.0). * Gross profit amounted to SEK 40.8 M (32.2), resulting in a gross margin of 77% (61%). * The profit after net financial items amounted to SEK 3.3 M (loss:12.7). * Liquidity, including unutilized credit facilities and unrealized surpluses values in financial investments, amounted to SEK 134 M (142) on the closing date. * Equity amounted to SEK 130 M (137), corresponding to an equity/assets ratio of 69% (69%).
SIX-MONTH PERIOD FROM JANUARY TO JUNE
* Sales amounted to SEK 87.5 M (95.9) during the period. * The loss after tax amounted to SEK 3.1 M (loss: 28.5). * The loss per share amounted to SEK 0.29 (loss: 2.70).
SIGNIFICANT EVENTS DURING THE QUARTER
* A prestigious order for Pointsec licenses was received from a US organization. The order value amounted to SEK 14.0 M, including one year's support. SEK 11.9 M was booked as revenue during the quarter. * Several add-on orders were received from various Nordic customers for authentication systems for Internet banks. * An add-on order for Pointsec licenses was received from a civil authority in the US. The order value amounted to SEK 1.5 M.
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