BakBone Announces Preliminary First Quarter Results
08 Juli 2004 - 3:30PM
PR Newswire (US)
BakBone Announces Preliminary First Quarter Results SAN DIEGO, July
8 /PRNewswire-FirstCall/ -- BakBone Software (TSX: BKB; OTC
Bulletin Board: BKBOF), a global provider of data protection
software, today announced it expects revenues for its fiscal first
quarter ended June 30, 2004 to be approximately $7.8 million
compared to its previous first quarter revenue guidance of $8.0
million to $8.5 million released in May 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO) "While we
are pleased with the performance and demand for our products in the
Pacific Rim and Europe, Middle East and Africa (EMEA) regions, our
preliminary results in the U.S. disappointingly fell below our
expectations," said Keith Rickard, president and CEO of BakBone
Software. "Our anticipated results reflect primarily softness in
U.S. license revenues in the latter part of the quarter resulting
from lower-than-expected sales through our reseller channel.
Despite these challenges, we continue to invest in revenue growth
opportunities such as our recently announced Channel Advantage
Program, which reflects our confidence in our future growth
potential." The Company also reiterated its FY05 guidance of $40.0
million to $42.0 million in expected revenues with projected
earnings of $0.04 to $0.06 per share. First quarter results are
preliminary and subject to the Company's completion of its
customary quarterly closing and required review procedures. About
BakBone Software, Inc. BakBone Software is a leading international
data protection software provider that develops and distributes
data backup, restore, and disaster recovery software for network
storage and open-systems environments. BakBone delivers scalable
solutions that address the complex demands of large enterprise
environments, as well as small to medium sized businesses. Founded
in 2000, BakBone products are used by Fortune 1000 corporations and
domestic and international government entities. Distributed through
a select global network of OEM partners, resellers and solution
providers, interested companies can learn more information about
BakBone's products and services at http://www.bakbone.com/ or email
. Safe Harbor This press release contains forward-looking
statements that involve risks, uncertainties, assumptions and other
factors, which, if they do not materialize or prove correct, could
cause BakBone's results to differ materially from historical
results, or those expressed or implied by such forward-looking
statements. These statements may include, among others, any
statements regarding financial expectations or projections; any
statements regarding future economic conditions or performance;
statements of belief and any statements of assumptions underlying
any of the foregoing. The potential risks and uncertainties may
include, but are not limited to, competition in our target markets;
potential capital needs; management of future growth and expansion;
risk of third-party claims of infringement; protection of
proprietary information, customer acceptance of the company's
products and fee structures; the success of BakBone's brand
development efforts; risks associated with strategic alliances;
reliance on distribution channels; product concentration; need to
develop new and enhanced products; potential product defects; our
ability to hire and retain qualified employees and key management
personnel; and risks associated with changes in domestic and
international market conditions and the entry into and development
of international markets for the company's products. Our
forward-looking statements should be considered in the context of
these and other risk factors disclosed in our most recent report
filed with the Securities and Exchange Commission, which may be
found at http://www.sec.gov/, as well as those risk factors
disclosed in the current report filed with the Canadian Securities
Administrators, which is available on SEDAR at
http://www.sedar.com/. All future written and oral forward-looking
statements made by us or on our behalf are also subject to these
factors. BakBone assumes no obligation to update any
forward-looking statement to reflect events or circumstances
arising after the date on which it was made. BakBone, BakBone
Software, NetVault, Application Plugin Module, APM and the BakBone
logo are all trademarks or registered trademarks of BakBone
Software, Inc., in the United States and/or in other countries. All
other brands, products or service names are or may be trademarks,
registered trademarks or service marks of, and used to identify,
products or services of their respective owners. For further
information, please contact Karen A. Silva, Director of Investor
Relations of BakBone Software, Inc., +1-858-795-7525, .
http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO
http://photoarchive.ap.org/ DATASOURCE: BakBone Software, Inc.
CONTACT: Karen A. Silva, Director of Investor Relations of BakBone
Software, Inc., +1-858-795-7525, Web site: http://www.bakbone.com/
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