Exhibit 99.1
Robocom Systems International Inc. Reports Financial Results for
3rd Quarter 2005
MASSAPEQUA, NY, April 14, 2005- Robocom Systems International Inc. (OTCBB: RIMS)
announced its results for the third quarter of fiscal 2005.
For the third quarter of fiscal 2005, Robocom reported net income of $152,118
($0.032 per fully diluted share), as compared to $273,947 ($0.060 per fully
diluted share) in the year-ago quarter. For the nine-month period, net income
increased by $100,947 to $399,099 ($0.086 per fully diluted share) as compared
to $298,152 ($0.065 per fully diluted share) in the year ago period. This was
Robocom's tenth consecutive profitable quarter.
Irwin Balaban, Robocom's President and CEO, said, "I am very optimistic about
our upcoming fiscal year end results. With our new and existing contracts for
implementation of RIMS(TM), I believe Robocom is on track to continue with
profitable results. Although license revenues were down, service, hardware and
maintenance revenues are all up over the prior year period. We also remain
committed to controlling our costs. Additionally, with the deployment of our
latest version of RIMS, I expect this trend to continue."
Robocom Systems International Inc. (www.robocom.com) develops, markets and
supports advanced Warehouse Management Systems software that enables customers
to expand productivity, reduce costs and increase profits. Contact: Judy Frenkel
of Robocom at 516-795-5100 or jfrenkel@robocom.com.
ROBOCOM SYSTEMS INTERNATIONAL INC.
CONDENSED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
February 28, February 29, February 28, February 29,
2005 2004 2005 2004
------------ ------------ ------------ ------------
Revenues $ 989 $ 1,127 $ 2,757 $ 2,467
Cost of revenues 459 459 1,187 1,142
--------------------------- --------------------------
Gross margin before amortization 530 668 1,570 1,325
Software amortization 190 202 568 581
--------------------------- --------------------------
Gross margin 340 466 1,002 744
Selling, general & administrative
expenses 190 187 607 433
--------------------------- --------------------------
Income from operations 150 279 395 311
Interest income (expense), net 2 (5) 4 (13)
--------------------------- --------------------------
Income before provision for
income taxes 152 274 399 298
Provision for income taxes -- -- -- --
--------------------------- --------------------------
Net income $ 152 $ 274 $ 399 $ 298
=========================== ==========================
Net income per basic share $ 0.033 $ 0.061 $ 0.088 $ 0.066
=========================== ==========================
Net income per diluted share $ 0.032 $ 0.060 $ 0.086 $ 0.065
=========================== ==========================
Weighted average shares
outstanding:
Basic 4,540 4,496 4,520 4,496
=========================== ==========================
Diluted 4,742 4,588 4,646 4,577
=========================== ==========================
- --------------------------------------------------------------------------------
Forward Looking Statements: This news release contains forward-looking
statements that involve risks and uncertainties. The Company's actual results
may differ materially from the results discussed in the forward-looking
statements. Factors that might cause such a difference include, among others,
general economic and business conditions; industry trends; changes in demand for
the Company's product; the timing of orders received from customers;
announcements or changes in pricing policies by the Company or its competitors;
unanticipated delays in the development, market acceptance or installation of
the Company's products; availability of management; and availability, terms and
deployment of capital.
- --------------------------------------------------------------------------------
-- END --