GENESYS Conferencing Reports First Quarter Results for 2008
Market Wire, May, 2008
------------------------- -------------------- ------------------ ------- | |Effect of foreign |Three months ended| (431)| | |exchange rate | | | | |changes on cash | | | ------------------------- -------------------- ------------------ ------- | |and cash equivalents| March 31| | ------------------------- -------------------- ------------------ ------- | |2007 |2008 | | ------------------------- -------------------- ------------------ ------- |Cash flows from operating| | | | |activities: | | | | ------------------------- -------------------- ------------------ ------- |Net (loss) income | 1,241| 5,739| | ------------------------- -------------------- ------------------ ------- |Adjustments to reconcile | | | | |net (loss) income to net | | | | |cash provided by | | | | |operating activities: | | | | ------------------------- -------------------- ------------------ ------- |Depreciation and | 2,046| 1,978| | |amortization of property | | | | |and equipment | | | | ------------------------- -------------------- ------------------ ------- |Amortization of | 573| 509| | |intangibles | | | | ------------------------- -------------------- ------------------ ------- |Stock‑based | 228| 144| | |compensation | | | | ------------------------- -------------------- ------------------ ------- |Allowance (recovery) for | (90)| (22)| | |bad debt | | | | ------------------------- -------------------- ------------------ ------- |Interest expense - | 795| 576| | |effective interest rate | | | | |method | | | | ------------------------- -------------------- ------------------ ------- |CAP Knock-Out contract - | -| 24| | |change in fair value | | | | ------------------------- -------------------- ------------------ ------- |Loss on disposal of | 48| 48| | |property and equipment | | | | ------------------------- -------------------- ------------------ ------- |Deferred taxes | 253| (56)| | ------------------------- -------------------- ------------------ ------- |(Increase) decrease in | (1,519)| (27)| | |operating assets and | | | | |liabilities, net | | | | ------------------------- -------------------- ------------------ ------- |Net cash provided by | 3,575| 8,913| | |operating activities | | | | ------------------------- -------------------- ------------------ ------- |Cash flows from investing| | | | |activities: | | | | ------------------------- -------------------- ------------------ ------- |Purchases of property and| (1,333)| (1,077)| | |equipment | | | | ------------------------- -------------------- ------------------ ------- |Net cash used in | (1,333)| (1,077)| | |investing activities | | | | ------------------------- -------------------- ------------------ ------- |Cash flows from financing| | | | |activities: | | | | ------------------------- -------------------- ------------------ ------- |Increase (decrease) in | 47| -| | |bank overdrafts | | | | ------------------------- -------------------- ------------------ ------- |Increase (decrease) in | (95)| (734)| | |factored receivables | | | | |borrowing | | | | ------------------------- -------------------- ------------------ ------- |Interest paid | -| (115)| | ------------------------- -------------------- ------------------ ------- |Net cash provided by | (48)| (849)| | |(used in) financing | | | | |activities | | | | ------------------------- -------------------- ------------------ ------- | |Effect of foreign |Three months ended| (431)| | |exchange rate | | | | |changes on cash | | | ------------------------- -------------------- ------------------ ------- | |and cash equivalents| March 31| | ------------------------- -------------------- ------------------ ------- |Increase (decrease) in | 1,763| 6,256| | |cash and cash equivalents| | | | ------------------------- -------------------- ------------------ ------- |Cash and cash | 7,970| 14,242| | |equivalents, beginning of| | | | |period | | | | ------------------------- -------------------- ------------------ ------- |Cash and cash | 9,733| 20,498| | |equivalents, end of | | | | |period | | | | ------------------------- -------------------- ------------------ ------- ------------------------- -------------------- | |Three months ended | | |(731) | | | | ------------------------- -------------------- | | March 31| ------------------------- -------------------- | | | ------------------------- -------------------- |Cash flows from operating| | |activities: | | ------------------------- -------------------- |Net (loss) income | | ------------------------- -------------------- |Adjustments to reconcile | | |net (loss) income to net | | |cash provided by | | |operating activities: | | ------------------------- -------------------- |Depreciation and | | |amortization of property | | |and equipment | | ------------------------- -------------------- |Amortization of | | |intangibles | | ------------------------- -------------------- |Stock‑based | | |compensation | | ------------------------- -------------------- |Allowance (recovery) for | | |bad debt | | ------------------------- -------------------- |Interest expense - | | |effective interest rate | | |method | | ------------------------- -------------------- |CAP Knock-Out contract - | | |change in fair value | | ------------------------- -------------------- |Loss on disposal of | | |property and equipment | | ------------------------- -------------------- |Deferred taxes | | ------------------------- -------------------- |(Increase) decrease in | | |operating assets and | | |liabilities, net | | ------------------------- -------------------- |Net cash provided by | | |operating activities | | ------------------------- -------------------- |Cash flows from investing| | |activities: | | ------------------------- -------------------- |Purchases of property and| | |equipment | | ------------------------- -------------------- |Net cash used in | | |investing activities | | ------------------------- -------------------- |Cash flows from financing| | |activities: | | ------------------------- -------------------- |Increase (decrease) in | | |bank overdrafts | | ------------------------- -------------------- |Increase (decrease) in | | |factored receivables | | |borrowing | | ------------------------- -------------------- |Interest paid | | ------------------------- -------------------- |Net cash provided by | | |(used in) financing | | |activities | | ------------------------- -------------------- | |Three months ended | | |(731) | | | | ------------------------- -------------------- | | March 31| ------------------------- -------------------- |Increase (decrease) in | | |cash and cash equivalents| | ------------------------- -------------------- |Cash and cash | | |equivalents, beginning of| | |period | | ------------------------- -------------------- |Cash and cash | | |equivalents, end of | | |period | | ------------------------- --------------------
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