Tuesday, May 21 2013 6:18 AM EDT2013-05-21 10:18:45 GMT
Authorities said a 15-year-old girl may be facing charges after driving without a license and losing control of a car in a crash that left a 10-year-old girl dead Monday afternoon. The crash happened onMore >>
Authorities said a 15-year-old may be facing charges after driving without a license and losing control of a car in a crash that left a 10-year-old dead.More >>
Monday, May 20 2013 11:48 PM EDT2013-05-21 03:48:15 GMT
A woman has been arrested after she allegedly locked her four young daughters out of their home for days at a time.A witness told police that the four girls, ages 7, 5, 3 and 1, had been in the same dirtyMore >>
A woman has been arrested after she allegedly locked her four young daughters out of their home for days at a time.More >>
Monday, May 20 2013 11:45 PM EDT2013-05-21 03:45:38 GMT
A widespread power outage has affected a large portion of Ascension Parish. Small portions of neighboring parishes are also affected. As of 5:40 p.m., the Entergy website reported 20,981 homes andMore >>
A widespread power outage affected a large portion of Ascension Parish and part of EBR Parish Monday. More >>
Tuesday, May 21 2013 2:42 PM EDT2013-05-21 18:42:15 GMT
Residents in tornado-stricken Moore, OK, await news on missing love ones Tuesday, a day after a massive tornado devastated the city, killing at least 51. Rescuers worked all night, with particular attentionMore >>
The tornado, with winds up to 200 mph, cut a 20-mile stretch as wide as two miles through the Oklahoma City metro area. The medical examiner's office reported 24 people died, including nine children. More >>
Tuesday, May 21 2013 10:36 AM EDT2013-05-21 14:36:49 GMT
(RNN) – A day after long track tornadoes devastated Shawnee and Edmond, OK, another round has begun near Oklahoma City.KOCO broadcast a slow rotating cloud that slowly extended down towards the groundMore >>
Dozens of people have died after a second day of tornadoes twisted through Oklahoma, this time taking aim at the town of Moore, south of Oklahoma City.More >>
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SOURCE Notify Technology Corporation
SAN JOSE, Calif., Feb. 22, 2013 /PRNewswire/ -- Notify Technology Corporation (Pink Sheets: NTFY.PK) today announced financial results for its fiscal quarter ended December 31, 2012.
Total revenue in the three-month period ended December 31, 2012 decreased 21% to $1,275,975 from $1,606,851 during the same period in the prior year. The net loss for the three-month period ended December 31, 2012 was $202,955 or $3.16 per diluted share which was an improvement from a net loss of $410,761, or $5.82 per diluted share, reported for the same period in the prior year. The decrease in revenue for the fiscal quarter reflects a combination of a reduction in sales of the NotifyLink and NotifySync products and the slower than anticipated growth of the NotifyMDM product line.
"Fiscal 2013 will be a transition year as we expect a continued reduction in demand for our NotifyLink products while ramping up sales of our new NotifyMDM product." said David Hanabusa, President and Chief Executive Officer of the company. "We are continually improving our MDM product and have invested heavily in development assets to do so. We have also streamlined our operation where we can without sacrificing product design."
Sales and Marketing expenses were $489,025 in the three-month period ended December 31, 2012 compared to $741,899 in the three-month period ended December 31, 2011. The significant decrease in spending was primarily due to reductions in compensation expense.
Research and Development expenses were $689,450 in the three-month period ended December 31, 2012 compared to $855,594 in the three-month period ended December 31, 2011. The decrease was due to reductions in compensation expense. We continue to invest heavily in the development of the NotifyMDM product line while still maintaining the capability to improve and support the NotifySync and NotifyLink products.
General and Administrative expenses decreased to $289,382 in the three-month period ended December 31, 2012 compared to $409,159 for the three-month period ended December 31, 2011. The decrease was primarily due to incurring minimal SEC filing costs and reducing executive compensation.
About Notify Technology Corporation Founded in 1994, Notify Technology Corporation is an independent software vendor (ISV) who has specialized in wireless mobility solutions and services for the past 11 years. Notify's products including NotifyLink, NotifySync and NotifyMDM support all major smart phone and tablet platforms independent of wireless carrier or network. Notify sells its mobility products directly and through authorized resellers internationally. Notify is an official Apple iOS Enterprise Development Partner, Android Development Partner, BlackBerry Development Partner, Windows Mobile and Windows Phone Development Partner, and Symbian Alliance Member. The Company is headquartered in San Jose, California with product development and technical support located in Canfield, Ohio. For more information, visit http://www.notifycorp.com or contact 408-777-7930.
(Financial Tables Follow)
NOTIFY TECHNOLOGY CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
Ended December 31,
Cost of revenue:
Total cost of revenue
Research and development
Sales and marketing
General and administrative
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Interest income and other, net
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NOTIFY TECHNOLOGY CORPORATION
Condensed Balance Sheets
Cash and cash equivalents
Accounts receivable, net
Total current assets
Property and equipment, net
Total non-current assets
Liabilities and shareholders' deficit
Current portion of capital lease obligation
Accrued payroll and related liabilities
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Total shareholders' deficit
Total liabilities and shareholders' deficit
Contacts: At Notify Technology Corporation: Jerry Rice, Chief Financial Officer Phone: 408-777-7927 email@example.com