Friday, November 12, 2004
GlobalSCAPE Reports Third Quarter 2004 Results
Net Income reported for second quarter in a row in 2004
SAN ANTONIO, TEXAS -- GlobalSCAPE (OTCBB:GSCP), a leading developer of enhanced file management and content management solutions, reported results for its quarter ended September 30, 2004 in it’s 10-Q filed with the SEC on November 12, 2004.
GlobalSCAPE reported revenues of $1,270,223 and net income of $134,971 compared to revenues of $1,336,682 and net income of $82,584 for the same quarter in the prior year. The Company’s cost of revenues, research and development, and depreciation and amortization costs decreased $150,414, SG&A expenses increased $33,613 and net income increased approximately 63% from the same quarter in 2003. For the nine months ended September 30, 2004, GlobalSCAPE reported revenues of $3,730,158 and a net income of $133,572 compared to revenues of $3,766,576 and a net loss of $426,250 in the nine months ended September 30, 2003.
"We continue to make progress by controlling costs and focusing on delivering value to our customers," said Randy Poole, President and Chief Operating Officer of GlobalSCAPE. "We are confident that we will continue to improve our operational performance," continued Poole.
This press release other than the historical information, consists of "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) which are identified by the use of words such as "believes," "expects," "projects," and similar expressions. While these statements reflect the Company's current beliefs and are based on assumptions that the Company believes are reasonable, they are subject to uncertainties and risks that could cause actual results to differ materially from anticipated results. These risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K, 10-Q and 8-K.
About GlobalSCAPE GlobalSCAPE, founded in 1996, is a leading provider of enhanced file management and content management solutions. GlobalSCAPE's award-winning software and services enable individuals and organizations to easily create, move and manage information over the Internet in a secure, collaborative environment. GlobalSCAPE's software is renowned for reliability, affordability and ease of use, supporting users of all skill levels. For more information, please visit http://www.globalscape.com or call GlobalSCAPE toll-free at 800-290-5054 (US) or 210-308-8267 (international).