Last10K.com

Accelrys, Inc. (ACCL) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Accelrys, Inc.

CIK: 1002388 Ticker: ACCL


Exhibit 99.1

ACCELRYS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2013 RESULTS

SAN DIEGO, February 25, 2014 - Accelrys, Inc. (NASDAQ: ACCL) today reported financial results for the fiscal quarter ended December 31, 2013. Non-GAAP revenue for the quarter ended December 31, 2013 increased to $47.6 million from $47.5 million for the same quarter of the previous year. Non-GAAP revenue for the year ended December 31, 2013 increased $3.4 million to $177.7 million from $174.3 million for the year ended December 31, 2012 or an increase of 1.9 percent.
Non-GAAP net income was $5.3 million, or $0.09 per diluted share, for the quarter ended December 31, 2013, compared to non-GAAP net income of $4.5 million, or $0.08 per diluted share, for the same quarter of the previous year. Non-GAAP net income was $20.5 million, or $0.36 per diluted share, for the year ended December 31, 2013, compared to non-GAAP net income of $19.6 million, or $0.35 per diluted share, for the year ended December 31, 2012.
GAAP revenue for the quarter ended December 31, 2013 increased $2.3 million to $46.5 million from $44.2 million for the same quarter of the previous year, or an increase of 5 percent. GAAP revenue for the year ended December 31, 2013 increased $6.0 million to $168.5 million from $162.5 million for the year ended December 31, 2012, or an increase of 3.7 percent.
GAAP net loss was $(0.1) million, or $(0.001) per diluted share, for the quarter ended December 31, 2013 compared to GAAP net loss of $(8.2) million, or $(0.15) per diluted share, for the same quarter of the previous year. GAAP net income was $5.7 million, or $0.10 per diluted share, for the year ended December 31, 2013 compared to GAAP net loss of $(10.4) million, or $(0.19) per diluted share, for the year ended December 31, 2012. GAAP net income for year ended December 31, 2013 included a one-time gain of $25.9 million, or $0.45 per diluted share, recognized upon the payoff of the promissory note receivable from Intermolecular, Inc. (“Intermolecular”) in May 2013.
Recent Business Highlights:

Launch of Accelrys Materials Studio® 7.0 modeling and simulation environment for chemists, polymer scientists and other materials scientists, with enhancements in quantum mechanics, classical simulation, usability, visualization and collaboration to enable scientists to engineer better performing and more cost-effective materials across a wide range of applications.
Acquisition of Ireland-based QUMAS, a leading global provider of Cloud-based and on-premises enterprise compliance software for regulatory and quality operations in highly regulated industries, for $50 million in cash, extending Accelrys' informatics portfolio with mission-critical, end-to-end document and process management compliance solutions.
Received highest rating in Gartner Inc.’s latest laboratory informatics system report, and was the only vendor to receive a "very high" rating in all five phases of new product development concept, research, development, tech transfer and manufacturing. Accelrys was among four of 23 ELN vendors to offer a Laboratory Information Management System (LIMS) solution.
Introduction of Accelrys Insight offering life scientists an entirely new way to access, visualize and share disparate scientific information in real time.
Launch of Accelrys Predictive Sciences accelerating drug discovery research with software for investigating and testing hypotheses in silico prior to costly experimentation.
Non-GAAP Financial Measures:
This press release describes financial measures for non-GAAP revenue, operating income, net income, net income per diluted share and free cash flow that exclude deferred revenue fair value adjustments, acquisition-related cost of revenue, business consolidation, restructuring and headquarter-relocation costs, stock-based compensation expense, note receivable impairment, purchased intangible asset amortization, royalty income fair value adjustments, amortization of note receivable discount, gain on sale of real estate, gain on sale of intellectual property, write-off of lease related assets and other non-operating expense. Additionally, our non-GAAP net income reflects an effective pro-forma tax rate of 40 percent. These financial measures are not calculated in accordance with generally accepted accounting principles (GAAP) and are not based on any comprehensive set of accounting rules or principles.
Management believes these non-GAAP financial measures provide a useful measure of the Company's operating results, a meaningful comparison with historical results and with the results of other companies, and insight into the Company's ongoing operating performance. Further, management and the Board of Directors utilize these measures, in addition to GAAP measures, when evaluating and comparing the Company's operating performance against internal financial forecasts and budgets. These non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared

1

The following information was filed by Accelrys, Inc. (ACCL) on Tuesday, February 25, 2014 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.

View differences made from one year to another to evaluate Accelrys, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Accelrys, Inc..

Continue

Assess how Accelrys, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Accelrys, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Stockholder's Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Business Combinations
Business Combinations (details)
Business Combinations (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Commitments And Contingencies Royalties (details)
Fair Value
Fair Value (tables)
Fair Value Schedule Of Fair Value Assets And Liabilities Measured On A Recurring Basis (details)
Fair Value Schedule Of Fair Value Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation (details)
Goodwill And Purchased Intangible Assets
Goodwill And Purchased Intangible Assets (details)
Goodwill And Purchased Intangible Assets (tables)
Goodwill And Purchased Intangible Assets - Goodwill (details)
Guarantees
Guarantees (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Continuing Operations (details)
Income Taxes - Deferred Tax Assets And Liabilities (details)
Income Taxes - Federal Statutory Rate (details)
Income Taxes - Provision For Income Taxes (details)
Income Taxes Narrative (details)
Income Taxes Unrecognized Tax Benefit (details)
Intermolecular (details)
Legal Proceedings
Legal Proceedings Legal Proceedings (details)
Long Term Investments And Promissory Notes Receivable
Long Term Investments And Promissory Notes Receivable Freeslate (details)
Marketable Securities
Marketable Securities (details)
Marketable Securities (tables)
Net Income (loss) Per Share
Net Income (loss) Per Share (details)
Net Income (loss) Per Share (tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (policies)
Organization And Summary Of Significant Accounting Policies (tables)
Organization And Summary Of Significant Accounting Policies Expenses (details)
Organization And Summary Of Significant Accounting Policies Foreign Currency Translation And Share Based Compensation (details)
Organization And Summary Of Significant Accounting Policies Property And Equipment (details)
Organization And Summary Of Significant Accounting Policies Segment And Geographic Information (details)
Organization And Summary Of Significant Accounting Policies Software Development Cost (details)
Restructuring Activities
Restructuring Activities (details)
Restructuring Activities (tables)
Retirement Savings Plans
Retirement Savings Plans (details)
Royalty And Other Income, Net
Royalty And Other Income, Net (details)
Royalty And Other Income, Net (tables)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Schedule Of Changes In Accumulated Other Comprehensive Income (details)
Selected Quarterly Financial Information
Selected Quarterly Financial Information (details)
Selected Quarterly Financial Information (tables)
Stockholders' Equity And Share-based Compensation
Stockholders' Equity And Share-based Compensation (details)
Stockholders' Equity And Share-based Compensation (tables)
Stockholders' Equity And Share-based Compensation - Allocation Of Stock Compensation Expense (details)
Stockholders' Equity And Share-based Compensation - Valuation Assumptions Of Share-based Awards (details)
Stockholders' Equity And Share-based Compensation Stock Repurchases (details)
Subsequent Events
Subsequent Events (details)
Ticker: ACCL
CIK: 1002388
Form Type: 10-K Annual Report
Accession Number: 0001002388-14-000006
Submitted to the SEC: Fri Mar 07 2014 8:27:22 PM EST
Accepted by the SEC: Mon Mar 10 2014
Period: Tuesday, December 31, 2013
Industry: Prepackaged Software

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/accl/0001002388-14-000006.htm