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|FOR IMMEDIATE RELEASE|
Daegis Announces Fiscal 2015 Fourth Quarter
and Full Year Results
Company adds partners as it executes on enterprise software strategy
IRVING, Texas July 28, 2015 Daegis Inc. (NASDAQ: DAEG), a global information governance, data migration and application development software company, today announced financial results for its fourth quarter and fiscal year 2015 ended April 30, 2015.
Fourth Quarter Fiscal 2015 Financial Highlights
|●||Total revenue of $6.1 million, compared to $5.7 million in the third quarter and $7.4 million in the fourth quarter last year. Year-over-year revenue reflects a $1.1 million decline related to the completion of an eDiscovery matter with the Companys former largest customer.|
|●||GAAP net loss of $541,000 or $0.03 loss per share, compared to GAAP net income of $163,000 or $0.01 per share for the same period last year.|
|●||Adjusted EBITDA of $146,000, compared to $1.6 million last year. (1)|
|●||Non-GAAP net loss of $65,000 or $0.00 loss per share, compared to Non-GAAP net income of $1.1 million or $0.07 per share last year. (1)|
|●||Cash at April 30, 2015 was $5.4 million, compared to $7.2 million at April 30, 2014.|
|●||Total debt outstanding at April 30, 2015 was $11.8 million, a decrease of $3.1 million from April 30, 2014.|
Full Year Fiscal 2015 Financial Highlights
|●||Total revenue of $25.1 million, compared to $31.0 million year over year. Revenue reflects a $4.2 million decline in eDiscovery revenue which was primarily related to the completion of an eDiscovery matter with the Companys former largest customer and two large product sales totaling $1.1 million in the prior year.|
|●||GAAP net loss of $1.7 million or $0.10 loss per share, compared to GAAP net loss of $1.6 million or $0.10 loss per share for the same period last year.|
|●||Adjusted EBITDA of $2.1 million, compared to $4.3 million last year. (1)|
|●||Non-GAAP net income of $57,000 or $0.00 per share, compared to $1.7 million or $0.10 per share last year. (1)|
The following information was filed by Daegis Inc. (DAEG) on Wednesday, July 29, 2015 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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