Attunity Inc. (Bulletin Board: ATTUD) is set to return to the Nasdaq Capital Market tomorrow, after four and a half years on the Bulletin Board, marking the information availability software solutions developer’s official resuscitation. The return to Nasdaq follows a 4:1 reverse split of its shares.
Over the past two years, the business performance and market cap of Attunity have been steadily improving. The share price has almost tripled since the beginning of the year. Although Attunity chairman and CEO Shimon Alon, who owns 9% of the company, he has no plans to celebrate tomorrow, he is pleased by the achievement, saying, “It once seemed unrealistic, but it happened.”
Attunity today reported its seventh consecutive quarter of license and revenue growth in its financial report for the second quarter of 2012. Revenue rose 110% to $6.4 million for the second quarter from $3 million for corresponding quarter, and license revenue rose 121% to $3.6 million from $1.6 million. The company owes its growth to the current hot trends in enterprise computing, such as cloud computing and big data, or large-scale real-time data analysis.
GAAP-based net profit rose 185% to $508,000 ($0.04 per share) for the second quarter from $178,000 for the corresponding quarter, and non-GAAP net profit rose 786% to $1.2 million ($0.10 per share) from $139,000.
Attunity does not publish guidance, but presumably the moment financial analysts show greater interest in the company, it will resume providing them. As for the rest of the year, Alon said, “There is no reason why we shouldn’t have the same amount of sales in the second half of the year as we did in the first half, or even more.”…Read More>>