ARI Network Services Reports 14% Revenue Increase in Q3 1995

ARI Network Services Inc. today reported revenue of $1.287 million for its third quarter ended April 30, 1995, marking a 14% increase from the same quarter last year. Notably, the company's net loss per share narrowed to (7 cents), compared to (16 cents) in the previous year's third quarter. Lynn Hafemeister, CFO, attributed these improvements to the company's intensified focus on core markets.

Key Takeaways:

• ARI Network Services reported revenue of $1.287 million for its third quarter ended April 30, 1995, a 14% increase from the same quarter last year.
• The company's net loss per share was (7 cents) compared to (16 cents) in the previous year's third quarter, marking a significant improvement.
• Recurring revenues from continuing operations increased by 22% in the Chemical sector and 31% in the Animal Health sector.
• ARI's focus on core markets contributed to revenue and earnings growth.
• The company's CFO, Lynn Hafemeister, noted the intensified focus on core markets as the reason for the improvements.
• ARI's products include database services, salesforce automation, sales reporting, and electronic product ordering.
• The company operates in the electronic commerce services sector, providing systems and services that automate business transactions and communications between trading partners.
• ARI's services are used in industries with shared distribution channels.

Statistics:

• Revenue: $1.287 million (14% increase from Q3 1994)
• Net loss per share: (7 cents) (compared to (16 cents) in Q3 1994)
• Recurring revenues from continuing operations:

+ Chemical sector: 22% increase

+ Animal Health sector: 31% increase

Sources:

• ARI Network Services Inc. - June 13, 1995 Business Wire announcement
• FASB 86 (accounting standard referenced in the announcement)