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Activcard Corp (1183941) SEC Filing 10-K Annual report for the fiscal year ending Friday, September 30, 2005

Actividentity Corp

CIK: 1183941

Exhibit 99.1

 

ACTIVIDENTITY REPORTS FISCAL 2005 FOURTH QUARTER AND YEAR END

FINANCIAL RESULTS

 

FREMONT, Calif., November 15, 2005 – ActivCard® Corp. d/b/a ActivIdentity® (Nasdaq: ACTI), a global leader in digital identity assurance, today reported financial results for its fourth quarter and fiscal year ended September 30, 2005.

 

Revenue for the fourth quarter ended September 30, 2005 was $9.4 million compared to $10.1 million for the quarter ended September 30, 2004 and $12.0 million for the quarter ended June 30, 2005. Revenue for the quarter ended June 30, 2005 included revenue from a one-time license fee of $4.1 million for certain patents.

 

Total operating expenses were $16.6 million for the quarter ended September 30, 2005 compared to $15.8 million for the quarter ended September 30, 2004 and $14.7 million for the quarter ended June 30, 2005. Sales and marketing, research and development, and general and administrative expenses were $14.2 million for the quarter ended September 30, 2005 compared to $14.9 million for the quarter ended September 30, 2004 and $13.7 million for the quarter ended June 30, 2005.

 

Net loss for the quarter ended September 30, 2005 was $10.1 million or $0.23 per basic and diluted share, compared to $8.3 million or $0.20 per basic and diluted share for the quarter ended September 30, 2004, and $5.6 million or $0.13 per basic and diluted share for the quarter ended June 30, 2005.

 

Revenue for the fiscal year ended September 30, 2005 was $42.2 million compared to $33.6 million for the twelve-month period ended September 30, 2004. Total operating expenses were $74.4 million for the fiscal year ended September 30, 2005 compared to $55.8 million for the twelve-month period ended September 30, 2004. Sales and marketing, research and development, and general and administrative expenses for the fiscal year ended September 30, 2005 were $57.7 million compared to $51.6 million for the twelve-month period ended September 30, 2004. Net loss for the fiscal year ended September 30, 2005 was $47.9 million or $1.11 per basic and diluted share compared to $36.8 million or $0.87 per basic and diluted share for the twelve-month period ended September 30, 2004. The fiscal 2005 net loss includes non-cash write-offs of acquired


The following information was filed by Actividentity Corp on Tuesday, November 15, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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