Press Release: FalconStor Software Announces -3-
Press Release: FalconStor Software Announces -3-
*DJ FalconStor Software 2Q Loss/Shr 12c >FALC
*DJ FalconStor Software第二季度虧損/Shr 12c>Falc
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August 04, 2021 18:07 ET (22:07 GMT)
2021年8月4日美國東部時間18：07(格林尼治標準時間22：07)
*DJ FalconStor Software 2Q Adj EPS 1c >FALC
*DJ FalconStor軟件第二季度調整EPS 1c>Falc
(MORE TO FOLLOW) Dow Jones Newswires
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August 04, 2021 18:07 ET (22:07 GMT)
2021年8月4日美國東部時間18：07(格林尼治標準時間22：07)
Press Release: FalconStor Software Announces Second Quarter and First Half 2021 Results
新聞稿：FalconStor Software公佈2021年第二季度和上半年業績
FalconStor Software Announces Second Quarter and First Half 2021 Results
FalconStor軟件公司宣佈2021年第二季度和上半年業績
Continued Strategic Progress, Including New Growth Equity Raise
持續的戰略進展，包括新增長股權募集
AUSTIN, Texas--(BUSINESS WIRE)--August 04, 2021--
德克薩斯州奧斯汀--(美國商業新聞網)--2021年8月4日--
FalconStor Software, Inc. (OTCQB: FALC), a trusted data protection leader modernizing backup and archival solutions for the multi-cloud world, today announced financial results for its second quarter and first half of fiscal year 2021, which ended on June 30, 2021.
FalconStor Software，Inc.(OTCQB：FALC)是一家為多雲世界提供現代化備份和歸檔解決方案的值得信賴的數據保護領導者，該公司今天公佈了截至2021年6月30日的2021財年第二季度和上半年的財務業績。
"We continue to make good progress against our strategic plans to reinvent FalconStor, enhance the value we deliver to our customers, and innovate within the cloud-based data protection market," said Todd Brooks, FalconStor CEO. "While we were disappointed that our second quarter total revenue declined year-over-year by 6.9%, total revenue for the first half of 2021 increased year-over-year by 6.1%. Over the next year, we expect our year-over-year quarterly revenue growth to continue to stabilize as our sales pipeline becomes more predictable, and we expand our markets."
FalconStor首席執行官託德·布魯克斯(Todd Brooks)表示：“我們繼續在重塑FalconStor的戰略計劃上取得良好進展，提升我們向客户提供的價值，並在基於雲的數據保護市場進行創新。”“雖然我們對第二季度總收入同比下降6.9%感到失望，但2021年上半年總收入同比增長6.1%。在接下來的一年裏，我們預計隨着我們的銷售渠道變得更可預測，以及我們擴大市場，我們的季度收入同比增長將繼續穩定下來。”
"Migration to the cloud, data center rationalization and infrastructure optimization are top priorities for enterprise CIOs in the post-pandemic world, and FalconStor plays a vital role in each," added Brooks. "Our market, strategic focus, and results over the last three years allowed us to successfully raise $4 million in new growth equity since the beginning of the second quarter of 2021. We are excited by the trust our shareholders have placed in our team to deliver customer and shareholder value."
布魯克斯補充説：“遷移到雲端、數據中心合理化和基礎設施優化是後流行病時代企業CIO的首要任務，而FalconStor在每一個方面都扮演着至關重要的角色。”過去三年的市場、戰略重點和業績使我們自2021年第二季度初以來成功籌集了400萬美元的新增長股本。我們對股東對我們團隊的信任感到興奮，他們能夠為我們的團隊提供客户和股東價值。
Second Quarter 2021 Financial Results
2021年第二季度財務業績
-- Product Revenue: 2% product revenue decline to $1,602,005, compared to $1,632,055 in the second quarter of fiscal year 2020 -- New Customer Billings: $1,938,863, compared to $1,915,199 in the second quarter of fiscal year 2020 -- Total Revenue: $3.3 million, compared to $3.5 million in the second quarter of fiscal year 2020 -- Total Cost of Revenue: $0.4 million, compared to $0.4 million in the second quarter of fiscal year 2020 -- Total Operating Expenses: $3.0 million, compared to $2.6 million in the second quarter of fiscal year 2020 -- GAAP Net Income (Loss): $(0.3) million, compared to $0.4 million in the second quarter of fiscal year 2020 -- Ending Cash: $3.7 million, compared to $1.5 million in the second quarter of fiscal year 2020
--產品收入：2%產品收入降至1,602,005美元，2020財年第二季度為1,632,055美元--新客户賬單：1,938,863美元，2020財年第二季度為1,915,199美元--總收入：330萬美元，2020財年第二季度為350萬美元--總收入：40萬美元，2020財年第二季度為40萬美元--2020財年第二季度為260萬美元--GAAP淨收益(虧損)：30萬美元，而2020財年第二季度為40萬美元--期末現金：370萬美元，而2020財年第二季度為150萬美元
First Half 2021 Financial Results
2021年上半年財務業績
-- Product Revenue: 40% product revenue increase to $3.7 million, compared to $2.7 million in the first half of fiscal year 2020 -- New Customer Billings: $1,500,540, compared to $1,469,815 in the first half of fiscal year 2020 -- Total Revenue: $7.1 million, compared to $6.7 million in the first half of fiscal year 2020 -- Total Cost of Revenue: $1.1 million, compared to $0.9 million in the first half of fiscal year 2020 -- Total Operating Expenses: $6.2 million, compared to $5.6 million in the first half of fiscal year 2020 -- GAAP Net Income (Loss): $0.1 million, compared to $(0.3) million in the first half of fiscal year 2020 -- Ending Cash: $3.7 million, compared to $1.5 million in the first half of fiscal year 2020
--產品收入：40%產品收入增至370萬美元，2020財年上半年為270萬美元--新客户賬單：1,500,540美元，2020財年上半年為1,469,815美元--總收入：710萬美元，2020財年上半年為670萬美元--總收入：110萬美元，2020財年上半年為90萬美元--總運營費用：620萬美元與2020財年上半年的560萬美元相比--GAAP淨收益(虧損)：10萬美元，而2020財年上半年為(30萬)美元--期末現金：370萬美元，2020財年上半年為150萬美元
Second Quarter 2021 Business Highlights
2021年第二季度業務亮點
-- Delivered updates to our next-generation long-term data retention and recovery technology in StorSafe, built with a bridge to all industry-leading public clouds for long-term archival optimization, including AWS, Microsoft Azure, IBM Cloud, and Wasabi -- Continued our win trajectory in IBM environments, specifically IBM I and AS/400 system implementations -- Continued to deliver value to our Managed Service Provider business partners, with our trusted partner BlueChip growing to 300 customers and 4 petabytes of data under management.
--為我們在StorSafe中的下一代長期數據保留和恢復技術提供更新，該技術與所有業界領先的公共雲(包括AWS、Microsoft Azure、IBM Cloud和Wasabi)建立了一座橋樑，用於長期歸檔優化--延續了我們在IBM環境(特別是IBM i和AS/400系統實施)中的勝利軌跡--繼續為我們的託管服務提供商業務合作伙伴提供價值，我們值得信賴的合作伙伴藍籌公司已發展到300個客户，管理着4PB的數據。
Guidance
導向
We are affirming the 2021 guidance we have previously provided.
我們正在確認我們之前提供的2021年指導方針。
2021 Proposed Guidance
---------------- --- ------ ------------------------------ ---- ----- ----- ----
Guidance SEC
Format (IN $ Increase Increase
MILLIONS) 2020 Actual Low High YOY YOY
---------------- --------------- -------------- -------------- ----------- -----------
Total Revenue $ 14.77 $ 15.08 $ 16.15 3% 9%
---------------- --- ------ ------ ------ ---- ---- ----- ---
Adjusted EBITDA* $ 4.13 $ 4.24 $ 5.06 3% 22%
---------------- --- ------ ------ ------ ---- ---- ----- ---
% 28% 28% 31%
--------------------- ------ ------ ------ ---- ----- ----- ----
Net Income $ 1.14 $ 1.93 $ 2.82 70% 148%
---------------- --- ------ ------ ------ ---- ---- ----- ---
% 8% 13% 17%
--------------------- ------ ------ ------ ---- ----- ----- ----
Rule of 40 (Revenue Growth % + Adjusted EBITDA %) 17 31 41 80% 139%
--------------------- ------ ------ ------ ---- ---- ----- ---
*Adjusted EBITDA excludes Non Operating Expenses
2021年建議指南---------------- --- ------ ------------------------------ ---- ----- ----- ----指導秒格式(單位：$增量增加百萬)2020年實際低同比高同比---------------- --------------- -------------- -------------- ----------- -----------總收入$14.77$15.08$16.153%9%---------------- --- ------ ------ ------ ---- ---- ----- ---調整後的EBITDA*$4.13$4.24$5.06 3%22%---------------- --- ------ ------ ------ ---- ---- ----- ---% 28% 28% 31%--------------------- ------ ------ ------ ---- ----- ----- ----淨收入$1.14$1.93$2.82 70%148%---------------- --- ------ ------ ------ ---- ---- ----- ---% 8% 13% 17%--------------------- ------ ------ ------ ---- ----- ----- ----40規則(收入增長%+調整後EBITDA%)17 31 41 80%139%--------------------- ------ ------ ------ ---- ---- ----- ---*調整後的EBITDA不包括非營業費用
Conference Call and Webcast Information
電話會議和網絡廣播信息
WHO: Todd Brooks, Chief Executive Officer, FalconStor and Brad Wolfe, Chief Financial Officer, FalconStor
身份：FalconStor首席執行官託德·布魯克斯(Todd Brooks)和FalconStor首席財務官布拉德·沃爾夫(Brad Wolfe)
WHEN: Wednesday, August 4, 2021, 4:00 P.M. Central Time
時間：2021年8月4日星期三中部時間下午4點
To register for our earnings call, please click the following link:
要註冊參加我們的收益電話會議，請點擊以下鏈接：
FALCONSTOR SECOND QUARTER 2021 FINANCIAL TELECONFERENCE AND PRESENTATION
FalconStor 2021年第二季度財務電話會議和演示文稿
As an alternative, you can copy and paste the following link into your web browser to register:
或者，您可以將以下鏈接複製並粘貼到Web瀏覽器中進行註冊：
https://register.gotowebinar.com/register/5598359582179255563
Https://register.gotowebinar.com/register/5598359582179255563
Conference Call:
電話會議：
Please dial the following if you would like to interact with and ask questions to FalconStor hosts:
如果您想與FalconStor主機互動並向其提問，請撥打以下電話：
Toll Free: 1-877-309-2074
免費電話：1-877-309-2074
Access Code: 613-637-608
接入碼：613-637-608
Non-GAAP Financial Measures
非GAAP財務指標
The non-GAAP financial measures used in this press release are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The Company's management refers to these non-GAAP financial measures in making operating decisions because they provide meaningful supplemental information regarding the Company's operating performance. In addition, these non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results and comparisons to competitors' operating results. We include these non-GAAP financial measures (which should be viewed as a supplement to, and not a substitute for, their comparable GAAP measures) in this press release because we believe they are useful to investors in allowing for greater transparency into the supplemental information used by management in its financial and operational decision-making. The non-GAAP financial measures exclude (i) restructuring costs, (ii) effects of our Series A redeemable convertible preferred stock, and (iii) non-cash stock-based compensation charges and any potential tax effects. For a reconciliation of our GAAP and non-GAAP financial results, please refer to our reconciliation of GAAP to Non-GAAP financial measures presented in this release.
本新聞稿中使用的非GAAP財務指標不是按照公認會計原則編制的，可能與其他公司使用的非GAAP財務指標不同。公司管理層在做出經營決策時參考了這些非GAAP財務指標，因為它們提供了有關公司經營業績的有意義的補充信息。此外，這些非GAAP財務指標便於管理層與公司的歷史經營業績進行內部比較，並與競爭對手的經營業績進行比較。我們在本新聞稿中包括這些非GAAP財務指標(它們應該被視為對其可比GAAP指標的補充，而不是替代)，因為我們相信它們對投資者是有用的，可以讓管理層在財務和運營決策中使用的補充信息有更大的透明度。非GAAP財務指標不包括(I)重組成本，(Ii)我們A系列可贖回可轉換優先股的影響，以及(Iii)基於非現金股票的補償費用和任何潛在的税收影響。有關GAAP和非GAAP財務結果的對賬，請參閲本新聞稿中提出的GAAP與非GAAP財務指標的對賬。
About FalconStor Software
關於FalconStor軟件
FalconStor is a data protection technology company enabling enterprises to modernize their data backup and archival operations across multiple sites and public clouds. We deliver increased data security and provide fast recovery from ransomware attacks, while driving down an enterprise's data storage footprint by up to 90%. As an established technology leader with 39 issued patents and six patent applications, we have over an exabyte of data under management and offer products that are used by approximately 600 enterprise customers. Our products are offered through and supported by a worldwide network of leading service providers, systems integrators, resellers, managed services providers ("MSPs") and original equipment manufacturers ("OEMs"). To learn more, visit www.falconstor.com and stay connected with us on YouTube, Twitter, and LinkedIn.
FalconStor是一家數據保護技術公司，使企業能夠跨多個站點和公共雲實現數據備份和歸檔操作的現代化。我們提供更高的數據安全性，並從勒索軟件攻擊中快速恢復，同時將企業的數據存儲佔用空間降低高達90%。作為一家擁有39項已頒發專利和6項專利申請的成熟技術領先者，我們管理着超過1艾字節的數據，並提供約600家企業客户使用的產品。我們的產品由領先的服務提供商、系統集成商、轉售商、管理服務提供商(MSP)和原始設備製造商(OEM)組成的全球網絡提供和支持。要了解更多信息，請訪問www.Falconstor.com，並在YouTube、Twitter和LinkedIn上與我們保持聯繫。
FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.
FalconStor和FalconStor Software是FalconStor Software，Inc.在美國和其他國家/地區的商標或註冊商標。本文中包含的所有其他公司和產品名稱可能是其各自所有者的商標。
Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.
提供指向除FalconStor以外的各方控制的網站或頁面的鏈接僅為方便讀者提供信息。FalconStor不會將在這些鏈接上找到的信息合併到本新聞稿中，也不會表示或保證在這些鏈接上找到的任何信息都是完整或準確的。使用通過這些鏈接獲得的信息的風險由讀者自行承擔。
FalconStor Software, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2021 December 31, 2020 --------------- --------------------- (unaudited)
Assets
Current assets: Cash and cash equivalents $ 3,741,600 $ 1,920,656 Accounts receivable, net 2,162,640 2,836,571 Prepaid expenses and other current assets 1,513,363 1,837,596 Contract assets, net 354,096 254,483 Inventory 15,381 15,275 -------------- ------------------ Total current assets 7,787,080 6,864,581
Property and equipment, net 186,476 197,020
Operating lease right-of-use assets 194,888 536,272
-(未經審計)資產流動資產：現金和現金等價物$3,741,600$1,920,656應收賬款，淨額2,162,640,836,571預付費用和其他流動資產1,513,363 1,837,596合同資產，淨354,096 254,483存貨15,381 15,275財產和設備，淨額186,476,197,020經營性租賃使用權資產194,888,536,272
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August 04, 2021 18:33 ET (22:33 GMT)
美國東部時間2021年8月4日18：33(格林尼治標準時間22：33)
Press Release: FalconStor Software Announces -2-
新聞稿：FalconStor軟件宣佈-2-
Deferred tax assets, net 313,697 330,552
Software development costs, net 15,994 19,278
Other assets, net 124,552 863,964
Goodwill 4,150,339 4,150,339
Other intangible assets, net 78,504 100,134
Contract assets 206,305 343,934 -------------- ------------------ Total assets $ 13,057,835 $ 13,406,074 ========== ==============
Liabilities and
Stockholders' Deficit
Current liabilities: Accounts payable $ 578,660 $ 453,791 Accrued expenses 1,778,444 2,293,765 Operating lease liabilities 125,048 665,074 Short-term loan, net of debt issuance costs and discounts -- 3,320,863 Deferred revenue, net 4,097,365 4,603,270 -------------- ------------------ Total current liabilities 6,579,517 11,336,763
Other long-term liabilities 638,300 703,889
Notes payable, net 2,146,596 754,000
Operating lease liabilities 71,205 --
Deferred tax liabilities, net 520,166 513,027
Deferred revenue, net 1,865,355 1,765,859 -------------- ------------------ Total liabilities 11,821,139 15,073,538 -------------- ------------------
Commitments and
contingencies
Series A redeemable convertible preferred stock 13,773,115 12,940,722 Total stockholders' deficit (12,536,419) (14,608,186) -------------- ------------------ Total liabilities and stockholders' deficit $ 13,057,835 $ 13,406,074 ========== ============== FalconStor Software, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended June 30, Six Months Ended June 30, ------------------------ --------------------------- 2021 2020 2021 2020 ----------- ----------- ----------- --------------
Revenue: Product revenue $1,602,005 $1,632,055 $3,741,734 $ 2,681,018 Support and services revenue 1,656,742 1,867,557 3,345,339 3,998,781 ---------- ---------- ---------- ----------- Total revenue 3,258,747 3,499,612 7,087,073 6,679,799 ---------- ---------- ---------- -----------
Cost of revenue: Product 34,781 61,830 257,615 201,290 Support and service 405,960 334,396 832,133 742,316 ---------- ---------- ---------- ----------- Total cost of revenue 440,741 396,226 1,089,748 943,606 ---------- ---------- ---------- -----------
Gross profit $2,818,006 $3,103,386 $5,997,325 $ 5,736,193
Operating
expenses: Research and development costs 661,147 534,000 1,321,087 1,208,924 Selling and marketing 1,259,735 1,019,940 2,656,375 2,001,131 General and administrative 658,100 845,581 1,495,967 1,938,750 Restructuring costs 421,737 153,685 724,050 441,145 ---------- ---------- ---------- ----------- Total operating expenses 3,000,719 2,553,206 6,197,479 5,589,950 ---------- ---------- ---------- ----------- Operating income (loss) (182,713) 550,180 (200,154) 146,243
Gain on debt
extinguishment -- -- 754,000 --
Interest and other expense (164,312) (180,249) (431,007) (426,088) ---------- ---------- ---------- ----------- Income (loss) before income taxes (347,025) 369,931 122,839 (279,845)
Income tax expense (benefit) 2,659 (36,627) 47,275 33,437 ---------- ---------- ---------- ----------- Net income (loss) $ (349,684) $ 406,558 $ 75,564 $ (313,282) ========= ========= ========= ==========
Less: Accrual of Series A redeemable convertible preferred stock dividends 282,926 260,595 560,096 546,355
Less: Accretion to redemption value of Series A redeemable convertible preferred stock 75,183 165,141 272,297 191,231 ---------- ---------- ---------- ----------- Net income (loss) attributable to common stockholders $ (707,793) $ (19,178) $ (756,829) $(1,050,868) ========= ========= ========= ==========
Basic net income (loss) per share attributable to common stockholders $ (0.12) $ -- $ (0.13) $ (0.18) ========= ========= ========= ==========
Diluted net income (loss) per share attributable to common stockholders $ (0.12) $ -- $ (0.13) $ (0.18) ========= ========= ========= ==========
Weighted average basic shares outstanding 6,021,483 5,919,837 5,985,672 5,919,740 ========== ========== ========== ===========
Weighted average diluted shares outstanding 6,021,483 5,919,837 5,985,672 5,919,740 ========== ========== ========== =========== FalconStor Software, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended June 30, Six Months Ended June 30, -------------------------------- -------------------------------- 2021 2020 2021 2020 -------------- ---------------- -------------- ----------------
GAAP income (loss) from operations $(182,713) $ 550,180 $(200,154) $ 146,243 Non-cash stock option expense (1) 4,697 3,060 $ 9,168 $ 7,570 Restructuring costs (3) 421,737 153,685 724,050 441,145 --------- ----------- --------- -----------
Non-GAAP income (loss) from operations $ 243,721 $ 706,925 $ 533,064 $ 594,958 -------- ------- -------- ----------
GAAP net income (loss) attributable to common stockholders $(707,793) $ (19,178) $(756,829) $(1,050,868) Non-cash stock option expense, net of income taxes (2) 4,697 3,060 9,168 7,570 Restructuring costs (3) 421,737 153,685 724,050 441,145 Effects of Series A redeemable convertible preferred stock (4) 358,109 425,736 832,393 737,586 --------- ----------- --------- -----------
Non-GAAP net income (loss) attributable to common stockholders $ 76,750 $ 563,303 $ 808,782 $ 135,433 -------- ------- -------- ----------
GAAP gross margin 86 % 89 % 85 % 86 % Non-cash stock option expense (1) 0 % 0 % 0 % 0 % --------- ----------- --------- -----------
Non-GAAP gross margin 86 % 89 % 85 % 86 % --------- ----------- --------- -----------
GAAP gross margin - Product 98 % 96 % 93 % 92 % Non-cash stock option expense (1) 0 % 0 % 0 % 0 % --------- ----------- --------- -----------
Non-GAAP gross margin - Product 98 % 96 % 93 % 92 % --------- ----------- --------- -----------
GAAP gross margin - Support and Service 75 % 82 % 75 % 81 % Non-cash stock option expense (1) 0 % 0 % 0 % 0 % --------- ----------- --------- -----------
Non-GAAP gross margin - Support and Service 75 % 82 % 75 % 81 % --------- ----------- --------- -----------
GAAP operating margin (6 %) 16 % (3 %) 2 % Non-cash stock option expense
遞延税項資產，淨額313,697,330,552軟件開發成本，淨額15,994 19,278其他資產，淨額124,552,863,964商譽4,150,339 4,150,339其他無形資產，淨額78,504 100,134合同資產206,305 343,934-總資產$13,057,835$13,406,074=負債及股東虧損其他長期負債638,300 703,889應付票據，淨額2,146,596,754,000經營租賃負債71,205--遞延税項負債淨額520,166 513,027承諾和或有事件A系列可贖回可轉換優先股13,773,115 12,940,722股東赤字總額(12,536,419)(14,608,186)-A系列可贖回可轉換優先股13,773,115 12,940,722股東赤字總額收入：產品收入$1,602,005$1,632,055$3,741,734$2,681,018支持和服務收入1,656,742 1,867,557 3,345,339 3,998,781-總收入3,258,747 3,499,612 7,087,073 6,679,799收入成本：產品34,781 61,830 257,615 201,290支持和服務405,960 334,396 832,133 742,316毛利$2,818,006$3,103,386$5,997,325$5,736,193運營中費用：研發費用661,147 534,000 1,321,087 1,208,924銷售和營銷1,259,735,019,940 2,656,375 2,001,131一般和行政658,100 845,581 1,495,967 1,938,750重組費用421,737 153,685 724,050 441,145-營業收入(虧損)(182,713)550,180(200,154)146,243債務收益滅火-754,000--利息和其他費用(164,312)(180,249)(431,007)(426,088)-所得税前收益(虧損)(347,025)369,931 122,839(279,845)所得税支出(收益)2,659(36,627)47,275 33,437-淨收益(虧損)$(349,684)$406,558$75,564$(313,282)=減去：A系列可贖回可轉換優先股股息282,926 260,595 560,096 546,355的應計項目A系列可贖回可轉換優先股75,183 165,141 272,297 191,231-普通股股東應占淨收益(虧損)$(707,793)$(19,178)$(756,829)$(1,050,868)普通股股東每股基本淨收入(虧損)$(0.12)$--$(0.13)$(0.18)=普通股股東每股攤薄淨收益(虧損)$(0.12)$--$(0.13)$(0.18)=加權平均已發行基本股票6,021,483 5,919,837 5,985,672 5,919,740加權平均已發行稀釋股份6,021,483 5,919,837 5,985,672 5,919,740GAAP營業收入(虧損)$(182,713)$550,180$(200,154)$146,243非現金股票期權支出(1)4,697 3,060$9,168$7,570重組成本(3)421,737 153,685 724,050 441,145營業非GAAP收入(虧損)$243,721$706,925$533,064$594,958GAAP普通股股東應占淨收益(虧損)$(707,793)$(19,178)$(756,829)$(1,050,868)扣除所得税後的非現金股票期權支出淨額(2)4,697 3,060 9,168 7,570重組成本(3)421,737 153,685 724,050 441,145 A系列可贖回可轉換優先股的影響(4)358,109 425,736 832,393 737,586普通股股東應占非GAAP淨收益(虧損)$76,750$563,303$808,782$135,433GAAP毛利率86%89%85%86%非現金股票期權費用(1)0%0%0%0%非GAAP毛利率86%89%85%86%GAAP毛利率-產品98%96%93%92%非現金股票期權費用(1)0%0%0%0%非GAAP毛利率-產品98%96%93%92%GAAP毛利率-支持和服務75%82%75%81%非現金股票期權費用(1)0%0%0%0%非GAAP毛利率-支持和服務75%82%75%81%GAAP營業利潤率(6%)16%(3%)2%非現金股票期權費用
(MORE TO FOLLOW) Dow Jones Newswires
(更多後續報道)道瓊斯通訊社
August 04, 2021 18:33 ET (22:33 GMT)
美國東部時間2021年8月4日18：33(格林尼治標準時間22：33)
Press Release: FalconStor Software Announces -3-
新聞稿：FalconStor軟件宣佈-3-
(1) 0 % -- % -- % -- % Restructuring costs (3) 13 % 4 % 10 % 7 % --------- ----------- --------- -----------
Non-GAAP operating margin 7 % 20 % 7 % 9 % --------- ----------- --------- -----------
GAAP Basic EPS $ (0.12) $ 0.00 $ (0.13) $ (0.18) Non-cash stock option expense, net of income taxes (2) 0.00 0.00 0.00 0.00 Restructuring costs (3) 0.07 0.03 0.13 0.07 Effects of Series A redeemable convertible preferred stock (4) 0.06 0.07 0.14 0.13 --------- ----------- --------- -----------
Non-GAAP Basic EPS $ 0.01 $ 0.10 $ 0.14 $ 0.02
GAAP Diluted EPS $ (0.12) $ 0.00 $ (0.13) $ (0.18) Non-cash stock option expense, net of income taxes (2) 0.00 0.00 0.00 0.00 Restructuring costs (3) 0.07 0.03 0.12 0.07 Effects of Series A redeemable convertible preferred stock (4) 0.06 0.07 0.14 0.13 Effects of increase in Non-GAAP diluted shares outstanding (5) 0.00 (0.01) 0.00 0.00 --------- ----------- --------- -----------
Non-GAAP Diluted EPS $ 0.01 $ 0.09 $ 0.13 $ 0.02 -------- ------- -------- ----------
Weighted average basic shares outstanding (GAAP and Non-GAAP) 6,021,483 5,919,837 5,985,672 5,919,740 ========= =========== ========= ===========
Weighted average diluted shares outstanding (GAAP) 6,021,483 5,919,837 5,985,672 5,919,740 ========= =========== ========= ===========
Weighted average diluted shares outstanding (Non-GAAP) 6,093,507 5,949,389 6,034,514 5,934,744 ========= =========== ========= ===========
Footnotes:
(1) Represents non-cash, stock-based compensation charges as follows: Three Months Ended Six Months Ended June June 30, 30, -------------------- ---------------------- 2021 2020 2021 2020 --------- --------- --------- -----------
Cost of revenue - Product $ 229 $ -- $ 456 $ --
Cost of revenue - Support and Service 183 103 364 206
Research and development costs -- 428 -- 856
Selling and marketing 2,883 184 5,560 368
General and administrative 1,402 2,345 2,788 6,140 --------- --------- --------- --------- Total non-cash stock based compensation expense $ 4,697 $ 3,060 $ 9,168 $ 7,570 ===== ===== ===== =====
(2) Represents the effects of non-cash stock-based compensation expense recognized, net of related income tax effects. For the three and six months ended June 30, 2021 and 2020, the tax expense for both GAAP and Non-GAAP basis approximate the same amount.
(3) Represents restructuring costs which were incurred during each respective period presented.
(4) Represents the effects of the accretion to redemption value of the Series A redeemable convertible preferred stock, accrual of Series A redeemable convertible preferred stock dividends and deemed dividend on Series A redeemable convertible preferred stock.
(5) Represents the impact of an increase in diluted shares outstanding resulting from Non-GAAP adjustments to a GAAP net loss in the six months ended June 30, 2020.
(1)0%--%重組成本(3)13%4%10%7%非GAAP營業利潤率7%20%7%9%GAAP基本每股收益$(0.12)$0.00$(0.13)$(0.18)非現金股票期權費用，所得税淨額(2)0.00 0.00 0.00重組成本(3)0.07 0.03 0.13 0.07 A系列可贖回可轉換優先股的影響(4)0.06 0.07 0.14 0.13非GAAP基本每股收益$0.01$0.10$0.14$0.02GAAP稀釋每股收益$(0.12)$0.00$(0.13)$(0.18)非現金股票期權費用，扣除所得税後的淨額(2)0.00 0.00 0.00重組成本(3)0.07 0.03 0.12 0.07 A系列可贖回可轉換優先股的影響(4)0.06 0.07 0.14 0.13非GAAP稀釋後流通股增加的影響(5)0.00(0.01)0.00 0.00加權平均已發行基本股票(GAAP及非GAAP)6,021,483 5,919,837 5,985,672 5,919,740=。加權平均已發行稀釋股(GAAP)6,021,483 5,919,837 5,985,672 5,919,740=加權平均已發行稀釋股份(非GAAP)6,093,507 5,949,389 6,034,514 5,934,744=腳註：(1)代表以下非現金、基於股票的補償費用：截至6月30日的3個月收入成本-產品$229$--$456$--收入成本-支持和服務183 103 364 206研發成本--428-856銷售和營銷2,883 184 5,560 368一般及行政開支1,402 2,345 2,788 6,140-基於非現金股票的薪酬支出總額$4,697$3,060$9,168$7,570=(2)表示扣除相關所得税影響後確認的非現金股票薪酬支出的影響。在截至2021年6月30日和2020年6月30日的三個月和六個月裏，GAAP和非GAAP基礎上的税費大致相同。(3)指在呈列的每段期間所招致的重組成本。(4)表示A系列可贖回可轉換優先股、A系列可贖回可轉換優先股股息和A系列可贖回可轉換優先股的當作股息增加對贖回價值的影響。(5)表示在截至2020年6月30日的6個月中，非GAAP調整對GAAP淨虧損造成的稀釋流通股增加的影響。
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804006149/en/
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CONTACT: Brad Wolfe
聯繫人：布拉德·沃爾夫(Brad Wolfe)
Chief Financial Officer FalconStor Software Inc.
首席財務官FalconStor Software Inc.
investorrelations@falconstor.com
郵箱：Investorrelations.com@Falconstor.com
CONTACT US AROUND THE GLOBE
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Tel: +49 (0) 89.41615321.10
電話：+49(0)89.41615321.10
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(END) Dow Jones Newswires
(完)道瓊通訊社
August 04, 2021 18:33 ET (22:33 GMT)
美國東部時間2021年8月4日18：33(格林尼治標準時間22：33)
譯文內容由第三人軟體翻譯。