Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Profitable Again

                  REDWOOD SHORES, Calif., Feb. 20 /PRNewswire/ -- Communication Intelligence Corporation (Nasdaq: CICI) ("CIC" or the
                  "Company"), bringing you "The Power to Sign Online(TM)", announced today its financial results for the year ended
                  December 31, 2000 and its second consecutive profitable quarter for that year.

                  Revenues for the fourth quarter ending December 31, 2000 increased 25% to $2.3 million as compared to $1.8 million for
                  the corresponding quarter of the prior year. The Company reported a net profit applicable to common stock of $109,000
                  for the fourth quarter ending December 31, 2000, a 124% increase as compared to a net loss applicable to common stock
                  of $446,000 for the corresponding quarter of the prior year. The increase in revenue was primarily attributed to an
                  increase in Enterprise sales and revenue from Communication Intelligence Computer Corporation, Ltd. ("CICC"), a 90%
                  owned Chinese joint venture. The increase in net profit was further enhanced by a decrease in operating costs and
                  expenses of 5% from the same quarter a year ago, which were primarily attributable to decreases in cost of goods sold
                  related to the Company's aftermarket revenues.

                  Revenues for the year ended December 31, 2000 increased 12% to $7.3 million as compared to $6.5 million for the prior
                  year. For fiscal year 2000, the net loss increased 3% to $1.8 million, or $0.02 per share on 85.3 million weighted average
                  common shares, as compared to a net loss of $1.7 million, or $0.02 per share on 79.6 million weighted average common
                  shares, in the 1999 fiscal year. The increase in revenue was primarily attributed to Enterprise sales and revenue from
                  CICC. The increase in the net loss for the year ended December 31, 2000 was primarily attributed to an 8% increase in
                  operating costs and expenses, over 90% of which reflects increases in product development, sales and marketing
                  related programs and investor related activity.

                  Guido DiGregorio, President and CEO stated, "I am pleased to report back to back quarterly profitability consistent with our
                  objective of profitable sales growth. These results reflect our strategy of focusing on emerging fast growth applications
                  such as E-Commerce, mobile voice/internet devices including smartphones, PDAs, Web Pads, and the Palm aftermarket
                  where we leverage our biometric electronic signature and natural input technologies. In the fourth quarter, EDS and E-Com
                  were among those that chose to license CIC technology. We are delighted that EDS plans to integrate our e-signature
                  technology across all of its vertical market offerings. These licensees together with other applications implemented last
                  year at Charles Schwab, Assurant, Siebel, PHT Corporation, JMJ Technologies, Inc., Dade County, Orange County,
                  NEU-Alpine Software Co.,, Physician WebLink, Panda and others are the basis for a ten fold increase
                  in enterprise revenue and are the foundation for significant rollout potential this year. We are pleased that a recent IDC
                  study forecasts that the biometrics signature verification market, triggered by the E- Sign Bill last October, will exceed
                  $225 Million by 2004 and confirms that we are the Global Leader with 47% market share. Our intent is to maintain that
                  leadership and the increasing shareholder value it will generate."

                  Selected financial information follows. Detail corporate and financial information is available on CIC's website at

                  About CIC

                  Communication Intelligence Corporation (CIC) is a leading supplier of natural input and electronic signature solutions for
                  wireless Internet and e-Commerce applications enabling the world with "The Power to Sign Online(TM)." The Company's
                  core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural
                  messaging, and operating system extensions that enable pen input. CIC's products are designed to increase the ease of
                  use, functionality, and security of wireless electronic devices ranging from handheld companions to cellular phones.
                  Ericsson, Fujitsu, Hitachi, Microsoft, Mitsubishi, National Semiconductor, Symbian and IBM among others have licensed the
                  company's technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing,
                  China. For more information please visit our website at .

                  Certain statements contained in this press release, including without limitation, statements containing the words "believes,"
                  "anticipates," "hopes," "intends," "expects," and other words of similar import, constitute "forward- looking" statements
                  within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known or unknown
                  risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors
                  include the following: (1) technological, engineering, quality control or other circumstances which could delay the sale or
                  shipment of the products; (2) economic, business, market and competitive conditions in the software industry and
                  technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade
                  secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from
                  infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability
                  of sufficient financing.

                  NOTE: CIC, and its logo are registered trademarks and The Power to Sign Online is a trademark of Communication
                  Intelligence Corporation. All other trademarks are the property of their respective owners.

                                    COMMUNICATION INTELLIGENCE CORPORATION
                          Selected Consolidated Statement of Operations Information
                                   (In thousands, except per share amounts)
                                                   Fourth Quarter Ended       Year Ended
                                                        (unaudited)     (unaudited)
                                                    12/31/00  12/31/99    12/31/00  12/31/99
                    Revenue                          $2,339    $1,869      $7,312    $6,518
                    Total cost of sales                 662     1,019       2,896     3,317
                    Gross profit                      1,677       850       4,416     3,201
                    Total operating expenses          1,501     1,253       6,023     4,923
                    Operating profit (loss)             176     (403)     (1,607)   (1,722)
                    Other (income) expenses            (67)      (43)       (192)      (18)
                    Net profit (loss)                  $109    $(446)    $(1,799)  $(1,740)
                    Basic and diluted net loss
                     per common share                $0.001   $(0.01)     $(0.02)   $(0.02)
                    Weighted average common
                     shares outstanding              89,372    80,254      85,324    79,625
                               Selected Consolidated Balance Sheet Information
                                                (In thousands)
                                                                12/31/00         12/31/99
                    Cash & cash equivalents                      $2,349           $2,374
                    Total current assets                          4,596            4,205
                    Total assets                                  5,803            4,963
                    Deferred revenue (A)                             61               35
                    Total current liabilities (B)                 1,441            1,151
                    Total long-term debt                          1,427            1,338
                    Stockholders' equity                          2,808            2,349
                    (A) Deferred revenue consists principally of service contact revenues.
                    (B) Includes deferred revenue.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.