OPNET Announces Preliminary Results and Schedules First Quarter Results Teleconference/Webcast for Wednesday, August 1, 2007
17 Juli 2007 - 11:22PM
Business Wire
OPNET Technologies, Inc. (NASDAQ:OPNT), a leading provider of
management software for networks and applications, today announced
that based on preliminary estimates it expects revenues for the
first fiscal quarter, ended June 30, 2007, to be in the range of
$23.2 to $23.4 million, compared to its guidance of $24.0 to $26.0
million. Based on these preliminary estimates, earnings per share
for the first quarter of fiscal 2008 are expected to be between
$0.02 and $0.04 on a diluted basis, compared to guidance of $0.02
to $0.08. Marc A. Cohen, OPNET�s Chairman and CEO, stated, �We are
disappointed by the preliminary results for fiscal Q1. Fiscal Q1
historically is the most challenging quarter for the company to
close deals. Our analysis indicates that we encountered more deals
with longer transaction processing time in both domestic and
international accounts than we anticipated.� Based on preliminary
estimates: Total license revenue was down sequentially from Q4 of
fiscal 2007 by approximately 17.9% to 19.8% Revenue from
international sales was down sequentially from Q4 of fiscal 2007 by
approximately 31.9% to 33.6% OPNET will hold an investor conference
call on Wednesday, August 1, 2007 at 5:00pm EDT to review financial
results for the first quarter of fiscal 2008. To listen to the
OPNET investor conference call: Call 877-407-9205 in the U.S. or
201-689-8054 for international callers, or Use the webcast at
www.opnet.com, or at www.investorcalendar.com (click on OPNT under
"VCalls by Date"). Investors are advised to go to the web site at
least 15 minutes early to register, download, and install any
necessary audio software. To listen to the archived call: Call the
replay phone number at 877-660-6853 or 201-612-7415 for
international callers. For replay, enter account # 286, conference
ID # 248027. The replay will be available from 7:00 pm Eastern Time
August 1st through 11:59 pm Eastern Time August 8th. The webcast
will be available at www.opnet.com or at www.investorcalendar.com,
archived for seven days. More detailed financial results for the
first quarter of fiscal 2008 will be released after the market
closes on Wednesday, August 1, 2007. About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (NASDAQ:OPNT) is a
leading provider of management software for networks and
applications. For more information about OPNET and its products,
visit www.opnet.com. OPNET and OPNET Technologies, Inc. are
trademarks of OPNET Technologies, Inc. All other trademarks are the
property of their respective owners. Statements in this press
release that are not purely historical facts may constitute
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. OPNET Technologies, Inc. (�OPNET�)
assumes no obligation to update statements. Forward-looking
statements, including comments concerning expected revenues for the
first quarter of fiscal 2008, are predictions based upon
information available to OPNET as of the date of this press release
and involve risks and uncertainties; therefore, actual events or
results may differ materially. For a discussion of risk factors,
see OPNET�s reports, including its most recent 10-Q and 10-K, filed
with the Securities & Exchange Commission. OPNET and OPNET
Technologies, Inc. are trademarks of OPNET Technologies, Inc. All
other trademarks are the property of their respective owners. Note
to editors: The word OPNET is spelled with all upper-case letters.
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