STOCKHOLM, Sweden, Nov. 06, 2003 (PRIMEZONE) -- Protect Data
THIRD QUARTER -- Sales amounted to SEK 34.3 M (52.2) during the quarter. -- Sales of the proprietary product Pointsec amounted to SEK 16.7 M (15.9). -- Gross profit amounted to SEK 23.3 M (32.2), resulting in a gross margin of 68% (62). -- The loss after net financial items amounted to SEK 6.7 M (loss: 1.3). -- Liquidity at the end of the period amounted to SEK 141 M (139) including unutilized credit facilities and unrealized surplus values in financial investments. -- Equity amounted to SEK 125 M (135), corresponding to an equity/assets ratio of 74% (70).
SIX-MONTH PERIOD FROM JANUARY TO SEPTEMBER -- Sales during the period amounted to SEK 121.8 M (148.1). -- The loss after tax amounted to SEK 9.8 M (loss: 29.8). -- Earnings per share amounted to a loss of SEK 0.93 (loss: 2.82).
SIGNIFICANT EVENTS DURING THE QUARTER -- An add-on order was received from a Dutch authority for 5,000 Pointsec licenses. -- An authority in South Africa placed an initial order for 1,000 Pointsec licenses. The sale took place via Pointsec's local business partner. -- A partnership agreement was signed between Pointsec and F- Secure that includes the acquisition by Pointsec of a strategically important product line from F-Secure. The agreement made it possible for Pointsec to introduce Pointsec for Symbian OS already in October. -- Protect Data Solutions delivered a security system for a Norwegian Internet bank during the quarter with an order value of SEK 3.5 M.
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