-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N0a4znGi9DXNWNNjZq9gmGxRgjnHeg6Sre60klLvuSmoUkWo7DOSXzQqRorHixgn 20Q+TzrQkP1ds70hmG8Hhw== 0000912057-01-512633.txt : 20010504 0000912057-01-512633.hdr.sgml : 20010504 ACCESSION NUMBER: 0000912057-01-512633 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010426 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNICATION INTELLIGENCE CORP CENTRAL INDEX KEY: 0000727634 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 942790442 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19301 FILM NUMBER: 1621724 BUSINESS ADDRESS: STREET 1: 275 SHORELINE DR 6TH FL STREET 2: STE 520 CITY: REDWOOD SHORES STATE: CA ZIP: 94065 BUSINESS PHONE: 6508027888 MAIL ADDRESS: STREET 1: 275 SHORELINE DR STREET 2: STE 520 CITY: REDWOOD SHORES STATE: CA ZIP: 94065 8-K 1 a2047825z8-k.txt 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): APRIL 26, 2001 ------------------------------- COMMUNICATION INTELLIGENCE CORPORATION - -------------------------------------------------------------------- (exact name of Registrant as specified in its charter) DELAWARE - -------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-19301 94-2790442 - -------------------------------- ------------------------------------ (Commission File Number) (I. R. S. Employer Identification No.) 274 SHORELINE DRIVE, SUITE 500, REDWOOD SHORES CALIFORNIA 94065 - --------------------------------------------------------- ----------------- (address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (650) 802-7888 -------------- NOT APPLICABLE - ------------------------------------------------------------------------------- (former name or former address, if changed since last report) 1 Item 5. OTHER EVENTS. Communication Intelligence Corporation (the "Company") incorporates herein by reference the matters set forth in the Company's press release dated April 26, 2001 (filed as Exhibit 99.1 hereto). Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) The following document is filed herewith as an Exhibit to this FORM 8-K: 99.1 Press Release, dated April 26, 2001, of the Company. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated May 1, 2001 COMMUNICATION INTELLIGENCE CORPORATION By: /s/ MARJORIE L. BAILEY ---------------------------------- Marjorie L. Bailey Vice President, Chief Financial Officer 2 EXHIBIT INDEX EXHIBIT NO. SUBJECT MATTER PAGE NO. 99.1 Press Release, dated April 26, 2001, of the Company.......4 3 EX-99.1 2 a2047825zex-99_1.txt PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact(s): CIC Marjorie Bailey (650) 802-7779 mbailey@cic.com COMMUNICATION INTELLIGENCE CORPORATION FIRST QUARTER 2001 FINANCIAL RESULTS REDWOOD SHORES, CA, APRIL 26, 2001 - (Nasdaq: CICI) Communication Intelligence Corporation ("CIC" or the "Company"), bringing you "The Power to Sign Online(TM)", announced today its financial results for the first quarter ended March 31, 2001. Total revenue for the three months ended March 31, 2001 increased by $0.241 million, or 18%, to $1.618 million as compared to revenues of $1.377 million for the corresponding quarter of the prior year. This increase is primarily attributed to Corporate sales, which includes PenOp related maintenance revenues, Enterprise and OEM revenues, and also Online revenue, which is the Company's software sold over the internet, via CIC's website. The net loss for the first quarter ended March 31, 2001 was $0.741 million, or $0.01, on 90 million weighted average common shares as compared to a net loss for the quarter ended March 31, 2000 of $0.888 million, or $0.01, on 83 million weighted average common shares. The net loss for the first quarter of 2001 decreased 17% over the first quarter of the prior year. This decrease in net loss for the first quarter 2001 was primarily attributable to a decrease in cost of goods sold related to the Company's Online revenue and Corporate sales, offset by an increase in non-cash amortization expense for intangibles from CIC's acquisition of PenOp in October 2000. CIC's president and CEO, Guido DiGregorio stated, "Despite the current economic slowdown, CIC continues to demonstrate the focus and market acceptance necessary to increase revenue. Both our Corporate sales and Online revenue efforts continue to focus on leveraging CIC's biometric electronic signature solutions and natural input technologies in high potential applications such as e-Commerce, mobile voice/internet devices, and corporate security. This strategy is achieving results necessary to move towards accelerated sales. Based on the backlog and current sales activity, and subject to any further deterioration in our market, we are projecting a return to profitability next quarter." SELECTED FINANCIAL INFORMATION FOLLOWS. Detailed corporate and financial information is available on CIC's website at WWW.CIC.COM ----------- 4 ABOUT CIC Communication Intelligence Corporation (CIC) is a leading supplier of natural input and electronic signature solutions for wireless Internet and e-Commerce applications enabling the world with "The Power to Sign Online(TM)". The Company's core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural messaging, and operating system extensions that enable pen input. CIC's products are designed to increase the ease of use, functionality, and security of wireless electronic devices ranging from handheld companions to cellular phones. Ericsson, Fujitsu, Hitachi, Microsoft, Mitsubishi, National Semiconductor, Symbian and IBM among others have licensed the Company's technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at WWW.CIC.COM. Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following: (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of the products; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing. CIC and its logo are registered trademarks, and The Power to Sign Online is a trademark of Communication Intelligence Corporation. All other trademarks and registered trademarks are the property of their respective holders. 5 COMMUNICATION INTELLIGENCE CORPORATION Selected Consolidated Statement of Operations Information (In thousands, except per share amounts)
THREE MONTHS ENDED ---------------------------- (UNAUDITED) 03/31/01 03/31/00 -------- -------- Revenues(1) $ 1,618 $ 1,377 Net loss applicable to common stockholders $ (741) $ (888) Basic and diluted net loss per common share $ (0.01) $ (0.01) Weighted average common shares outstanding 90,222 83,005
Selected Consolidated Balance Sheet Information (In thousands)
03/31/01 12/31/00 -------- -------- (UNAUDITED) Cash & cash equivalents $ 2,057 $ 2,349 Total current assets 4,278 4,550 Total assets 10,954 11,302 Deferred revenue (2) 55 61 Total current liabilities (3) 2,692 1,441 Total stockholders' equity 8,135 8,307
NOTES: (1) Revenues include nonrecurring maintenance revenues from M10 (formerly PenOp) of $352,000, net. (2) Deferred revenues consist principally of deferred maintenance contract revenue. (3) Includes deferred revenues of $55 and $61 for the period ended March 31, 2001 and December 31, 2000, respectively. 6 -----END PRIVACY-ENHANCED MESSAGE-----