SAN DIEGO - June 16, 2008 (PRIME NEWSWIRE) - Superclick, Inc. (OTC BB:SPCK.OB
- News), a technology
leader in IP infrastructure management solutions to the hospitality
industry, today announced financial results for the second quarter ended
April 30, 2008.
Financial Results for the Three Months Ended April 30, 2008
Superclick reported net revenues of $1,838,306 for the second quarter
ended April 30, 2008, an increase of $390,451, or 27% on a sequential basis
and $600,657, or 48% year-over-year. Product sales contributed $1,075,888 to
the total net revenues, an increase of $408,171, or 61% year-over-year,
while services contributed $762,418 to total net revenues, an increase of
$192,486, or 33% year-over-year. Factors that contributed to growth in all
areas of the business were increased sales and increases in rooms under
support.
Gross profit for the three months ended April 30, 2008 was $1,019,243, an
increase of $372,509, or 57% on a sequential basis and $330,689, or 48%
year-over-year. Gross margin for the period ended April 30, 2008 was 55%,
the same as reported during last year's same quarter period.
Selling, general and administrative (``SG&A'') expenses for the three
months ended April 30, 2008 were $390,674, an increase of $15,067, or 4% on
a sequential basis and a decrease of $45,029, or 10% year-over-year. The
decrease in SG&A for the period was mainly due to decreases in investor
relations and marketing related expenses as well as lower professional fees.
Research and development expenses for the three months ended April 30,
2008 were $44,228, a decrease of $1,087, or 2% on a sequential basis, and an
increase of $8,713, or close to 25% year-over-year.
Net income for the three months ended April 30, 2008 was $264,549, or
$0.006 basic and $0.004 on a fully diluted basis. Sequentially, net income
increased $86,201, or about 48%, and on a year-over-year basis, net income
increased for the period by $136,848, or 107%. Weighted average shares
outstanding basic and fully diluted for the three month period ended April
30, 2008 were 43,704,356 and 74,522,332, respectively.
Financial Results for the Six Months Ended April 30, 2008
Net revenues for the six months ended April 30, 2008 were $3,286,161, an
increase of $1,286,877, or 64% year-over-year. Product sales contributed
$1,807,505 to total net revenues, an increase of $902,003, or 99%
year-over-year, while services contributed $1,478,656 to total net revenues,
an increase of $384,874, or 35% year-over-year.
Gross profit for the six months ended April 30, 2008 was $1,665,977, an
increase of $606,431, or 57% year-over-year. Gross margin for the six months
ended April 30, 2008 was 50% compared to gross margins of 52% reported for
the same period last year.
SG&A expenses for the six months ended April 30, 2008 were $766,281, an
increase of $26,000, or almost 4% year-over-year. The increase in SG&A
expenses for the six month period is attributed primarily to differences in
foreign exchange rates.
Research and development expense for the six months ended April 30, 2008
were $89,543, an increase of $16,344, or about 22% year-over-year.
Net income for the six month period ended April 30, 2008 was $442,897, an
increase of $376,667, or about 569% year-over year. Earnings per share on a
basic and fully diluted basis were $0.1 and $0.006, respectively, for the
six month period ended April 30, 2008. Weighted average shares outstanding
basic and fully diluted for the six month period ended April 30, 2008 were
42,980,048 and 74,934,863, respectively.
Sandro Natale, Superclick's CEO, commented that, ``Our business economics
have continued to improve, which is a validation of our commitment to
product development and technology leadership in the hospitality industry
for IP infrastructure management. We remain committed to maintaining our
leadership position on this level and bringing value throughout the customer
chain, from the guest to the hotelier.''
Natale commented further, ``This quarter was a record quarter for our
business in terms of several key financial achievements, including net
income and revenue. One of the key highlights was the purchase order we
received from the InterContinental Hotel Group for 111 properties to deploy
our Multi-Homing application. We are focused on building on this momentum in
the market place to increase and maximize value to our shareholders. I want
to take this opportunity to thank those shareholders in attendance at our
annual meeting this last April.''
About Superclick, Inc.
Superclick, Inc. (OTC BB:SPCK.OB
- News), through its
wholly owned, Montreal-based subsidiary Superclick Networks, Inc., develops,
manufactures, markets and supports the Superclick Internet Management System
(SIMS(tm)), Monitoring and Management Application (MAMA(tm)) and Media
Distribution System (MDS(tm)) in worldwide hospitality, conference center
and event, multi-tenant unit (MTU) and university markets. Current clients
include MTU residences and Candlewood Suites(r), Crowne Plaza(r), Four
Points by Sheraton(r), InterContinental Hotels Group PLC(r), Hilton(r),
Holiday Inn(r), Holiday Inn Express(r), Hampton Inn(r), Marriott(r), Novotel(r),
Radisson(r), Sheraton(r), Westin(r) and Wyndham(r) hotels in Canada, the
Caribbean and the United States.
Forward-Looking Statements
Statements in this press release that are not statements of historical or
current fact constitute ``forward-looking statements'' within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other unknown
factors that could cause the actual results of the Company to be materially
different from the historical results or from any future results expressed
or implied by such forward-looking statements. In addition to statements
which explicitly describe such risks and uncertainties, readers are urged to
consider statements with the terms ``believes,'' ``belief,'' ``expects,''
``intends,'' ``anticipates,'' ``will'' or ``plans'' to be uncertain and
forward-looking. The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed with
the Securities and Exchange Commission.
