-----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, IkBvSu3s+swJ7yRzxMum8gYFA8e4zaL7r6l/vkOKlTvq9Y15Gn4jzuVc0eGS+HPh iDpy6E1A9awdsBHGgZh4YA== 0000813747-08-000003.txt : 20080102 0000813747-08-000003.hdr.sgml : 20080101 20080102162320 ACCESSION NUMBER: 0000813747-08-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070930 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20080102 DATE AS OF CHANGE: 20080102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Enterprise Informatics Inc CENTRAL INDEX KEY: 0000813747 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 953634089 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15935 FILM NUMBER: 08502131 BUSINESS ADDRESS: STREET 1: 10052 MESA RIDGE CT. STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858 625 3000 MAIL ADDRESS: STREET 1: 10052 MESA RIDGE CT. STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: SPESCOM SOFTWARE INC DATE OF NAME CHANGE: 20040202 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIS SOFTWARE INC DATE OF NAME CHANGE: 19961113 FORMER COMPANY: FORMER CONFORMED NAME: ALPHAREL INC /CA/ DATE OF NAME CHANGE: 19920703 8-K 1 form8k_93007.htm FORM 8-K RESULTS OF OPERATIONS AND FINANCIAL CONDITION FYE SEPTEMBER 30, 2007 form8k_93007.htm




 

UNITED STATES
 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): January 2, 2008

 

ENTERPRISE INFORMATICS INC.

(Exact name of registrant as specified in its charter)

 

 

 
California
0-15935
95-3634089
(State or other jurisdiction
(Commission file number)
(I.R.S. Employer
of incorporation)
 
Identification Number)

 
10052 Mesa Ridge Court, Suite 100
 
92121
San Diego, California
 
(Zip Code)
(Address of principal executive offices)
 
 
 

Registrants telephone number, including area code:    (858) 625-3000




 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communicationspursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 






 

Item 2.02  Results of Operations and Financial Condition.

               The following information is furnished pursuant to Item 2.02, Results of Operations and Financial Condition.

               On January 2, 2008, Enterprise Informatics Inc. issued a press release announcing its unaudited results of operations for its fiscal fourth quarter and year ended September 30, 2007.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01.  Financial Statements and Exhibits.

(c)           Exhibits

Exhibit                   Description

 

 
99.1                                                                          Press release issued by Enterprise Informatics Inc. on January 2, 2008

 






 

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:  January 2, 2008
 

 
 
ENTERPRISE INFORMATICS INC.
 
 
 
By:
/s/ John W. Low
 
 
John W. Low
 
 
Chief Financial Officer
EX-99.1 2 ex99_1.htm PRESS RELEASE-RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS FYE SEPTEMBER 30, 2007 ex99_1.htm
ENTERPRISE INFORMATICS ANNOUNCES
 4th QUARTER AND 2007 YEAR END RESULTS

2007 Highlights:
Revenue Up 28% vs. 2006
EBITDA $1.8 million vs. 2006 Loss

SAN DIEGO, CA, January 2, 2008– Enterprise Informatics Inc. (OTCBB: EPRS), a leading provider of enterprise information management solutions, today reported results of operations for its fourth quarter and fiscal year ended September 30, 2007.

Revenues for the fourth quarter of FY2007 were $1.7 million versus $1.6 million in the same period a year ago.  Earnings before interest, taxes, depreciation, amortization and stock compensation expense (“EBITDA”) for the fourth quarter of FY2007 was a loss of ($25,000), or ($0.00) per share. These results compare to an EBITDA loss of ($160,000) or ($0.00) per share for the same quarter a year ago.

Net loss available to common shareholders for the fourth quarter was ($217,000) or ($0.01) on a basic and diluted basis versus a net loss of ($370,000) or ($0.01) per share in the prior year.

Revenues for FY2007 were $9.0 million versus $7.0 million reported a year ago.  EBITDA for FY2007 was $1,808,000, or $0.05 and $0.04 per share on a basic and diluted basis, respectively. These results compare to an EBITDA loss of ($415,000) or ($0.01) per share reported a year ago.

Net income available to common shareholders for FY 2007 was $1.0 million or $0.03 and $0.02 per share on a basic and diluted basis, respectively, versus a net loss of ($2,376,000) or ($0.06) per share in the prior year.

“2007 was a year of significant accomplishments for the company. Of note, we had positive net earnings for the first time in over 10 years, we re-branded and re-launched  the Company as Enterprise Informatics positioning ourselves as a significant player in the Enterprise Information Management (EIM) market and we obtained Microsoft Windows Vista certification for our flagship product, eB,” stated Alan Kiraly, Chief Executive Officer.  “We enter 2008 with a new majority shareholder, a renewed focus and excitement about the immediate and long term future of the Company.”


COMPANY
CONTACT:                  Alan Kiraly, CEO
John Low, CFO
(858) 625-3000



About EnterpriseInformatics
Enterprise Informatics is a leading provider of enterprise information management solutions that enable organizations to reduce the cost of meeting compliance requirements, minimize business risk and optimize process efficiency. Enterprise Informatics’ advanced software product, eB, ensures the integrity of the controlled information by uniquely managing the connectivity to all relevant information such as documents, records, assets, people, processes and projects – creating an ecosystem for the rapid access of accurate information in context. eB vastly improves the integrity, visibility and access to all relevant information at the time it is needed.

Key customers include Entergy, NuStart Energy, Constellation Energy, Florida Power & Light, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, Northeast Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, Fayetteville Public Works Commission and many others. www.enterpriseinformatics.com

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company’s accounting policies, potential seasonality and other risk factors detailed in the Company’s SEC filings.






-tables follow-

ENTERPRISE INFORMATICS INC.
Consolidated Statements of Operations
   
For the three months
   
For the year
 
   
ended September 30,
   
ended September 30,
 
   
2007
   
2006
   
2007
   
2006
 
   
   (Unaudited)
        (Unaudited)    
   (Unaudited)
       
Revenues:
                       
  Licenses
  $ 309,000     $ 304,000     $ 3,107,000     $ 1,775,000  
  Services and other
    1,393,000       1,277,000       5,867,000       5,231,000  
Total revenues
    1,702,000       1,581,000       8,974,000       7,006,000  
                                 
Cost of revenues:
                               
  Licenses
    42,000       52,000       169,000       324,000  
  Services and other
    608,000       567,000       2,477,000       2,370,000  
Total cost of revenues
    650,000       619,000       2,646,000       2,694,000  
                                 
Gross profit
    1,052,000       962,000       6,328,000       4,312,000  
                                 
Operating expenses:
                               
    Research and development
    332,000       284,000       1,152,000       1,058,000  
    Marketing and sales
    465,000       519,000       1,936,000       2,410,000  
    General and administrative
    354,000       387,000       1,719,000       1,622,000  
Total operating expenses
    1,151,000       1,190,000       4,807,000       5,090,000  
                                 
Income (loss) from operations
    (99,000 )     (228,000 )     1,521,000       (778,000 )
                                 
Interest and other income
    2,000       -       2,000       4,000  
Interest and other expense
    (79,000 )     (71,000 )     (261,000 )     (248,000 )
Net income (loss)
    (176,000 )     (299,000 )     1,262,000       (1,022,000 )
                                 
Provision for income taxes
    25,000       -       -       -  
                                 
Net income (loss)
    (151,000 )     (299,000 )     1,262,000       (1,022,000 )
                                 
Deemed preferred dividend
    -       -       -       (1,000,000 )
Net income (loss) available after deemed preferred dividend
    (151,000 )     (299,000 )     1,262,000       (2,022,000 )
                                 
Cumulative preferred dividends
    (66,000 )     (71,000 )     (264,000 )     (354,000 )
Net income (loss) available
   to common shareholders
  $ (217,000 )   $ (370,000 )   $ 998,000     $ (2,376,000 )
                                 
Earnings (loss) per share:
                               
   Basic
  $ (0.01 )   $ (0.01 )   $ 0.03     $ (0.06 )
                                 
   Diluted
  $ (0.01 )   $ (0.01 )   $ 0.02     $ (0.06 )
                                 
Weighted average shares outstanding:
                               
   Basic
    37,504,000       36,895,000       37,324,000       36,876,000  
                                 
   Diluted
    37,504,000       36,895,000       49,841,000       36,876,000  


ENTERPRISE INFORMATICS INC.
Consolidated Balance Sheets


 
September 30,
 
September 30,
 
2007
 
2006
 
         (Unaudited)
   
ASSETS
Current assets:
     
Cash
        $              553,000
 
$              95,000
Receivables, net
746,000
 
854,000
Other current assets
204,000
 
190,000
Total current assets
1,503,000
 
1,139,000
       
Property and equipment, net
211,000
 
131,000
Computer software, net
321,000
 
425,000
Other assets
27,000
 
28,000
Total assets
$           2,062,000
 
$         1,723,000
       
LIABILITIES AND SHAREHOLDERS' DEFICIT
       
Total liabilities
  $             6,410,000
 
$            9,601,000
       
Total shareholders' deficit
(4,348,000)
 
(7,878,000)
       
Total liabilities and shareholders' deficit
$          2,062,000
 
$         1,723,000





EBITDA Calculation
(Unaudited)
   
For the three months
   
For the year
 
   
ended September 30,
   
ended September 30,
 
   
2007
   
2006
   
2007
   
2006
 
   
 
         
   
       
  Income (loss) from operations
  $ (99,000 )   $ (228,000 )   $ 1,521,000     $ (778,000 )
  Add back:
                               
     Depreciation and amortization
    43,000       49,000       173,000       167,000  
     FAS 123R stock compensation expense
    31,000       19,000       114,000       196,000  
                                 
EBITDA excluding FAS 123R stock compensation expense   
  $  (25,000 )   $    (160,000 )   $  1,808,000     $  (415,000 )
                                 
 EBITDA per common share                                
    Basic    $ 0.00       $ 0.00       $ 0.05       $    (0.01)  
    Diluted
   $ 0/00       $ 0.00       $ 0.04       $      (0.01)   
                                 
 Shares used in computing EBITDA per share                                
       Basic        37,504,000        36,895,000        37,324,000        36,876,000   
       Diluted     37,504,000        36,895,000        49,841,000        36,876,000   
                                 


 

 
 

 

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