15
Tue, Oct
6 New Articles

CYBRA Reports Increased Second Quarter Revenues

Channel News
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The company says it expects to benefit from a recovering economy, great technology, and an emerging trend towards RFID integration among retailers.

CYBRA Corp., a software developer, publisher, and systems integrator focused on auto-identification technology solutions, reported strong top- and bottom-line improvements during its fiscal second quarter ending June 30. 

Revenues for the quarter increased 59 percent over the same period in 2009 as new features previously released for CYBRA's flagship MarkMagic product were met with a positive reception from new and existing customers, the company said. Sales of EdgeMagic, the company's new RFID product, also began to pick up, mirroring the general trend of increased market acceptance of RFID technology. 

Gross margins as a percentage of sales increased 65 percent during the second quarter over the prior year as more profitable software product sales were up 109 percent. The company expects margins to continue to improve into the third quarter of 2010 due to lower reliance on low-margin equipment sales. 

Although the company recognized a second-quarter net loss of $634,128 on a GAAP basis, non-GAAP net income, adjusted to remove the impact of the debt restructuring and other non-cash transactions, showed an improvement of $144,441. The company incurred a debt settlement expense of approximately $695,000 from restructuring a portion of its 8 percent convertible debentures. This resulted from the exchange of old Class B warrants issued in connection with the original debentures and valued at $1,261,000 for new Class B warrants issued in connection with restated debentures and valued at $1,956,000. The company also incurred a beneficial conversion cost in connection with 490,999 shares of common stock issued in payment of accrued interest of $245,499 due on the original debentures at $0.50 compared to the fair market value of those shares on the June 8, 2010 issuance date of $0.59. 

"Despite weakness in our end markets, CYBRA reported yet another quarter of increased revenues and attained profitability on a cash-basis," said CEO Harold Brand. "Looking forward, we expect to continue to benefit from a recovering economy, superior technology, and an emerging trend towards RFID integration among retailers following Wal-Mart's latest moves to require certain of its vendors to begin using RFID tags on their products." 

Financial highlights included the following:

  • Revenues increased 59 percent from $306,181 in the second quarter of 2009
  • to $487,578 in the 2010 quarter.
  • Gross margins as a percentage of sales increased 65 percent quarter-over-quarter.
  • Non-GAAP net income (loss) rose from a loss of $(55,029) in the 2009
  • quarter to a profit of $89,412 in the 2010 quarter.
  • Operating cash flows rose 769 percent to $56,823 in the second quarter of
  • 2010.
  • Completed debt restructuring.

CYBRA Corporation is a leader in bar code and RFID technology serving customers in a wide range of industries.

MarkMagic® Bar Code Labels, RFID Tags and Forms Software empowers customers to design virtually any type of Auto-ID document – labels, forms, RFID tags, tickets, etc. – and print them on hundreds of types of general and specialized printers from laser to thermal to automated applicators.

CYBRA’s Edgefinity IoT®, (formerly EdgeMagic) is a platform for rapidly building integrated applications that locate objects and people using RFID, RTLS and other tracking technologies. Edgefinity IoT provides customers with the ability to quickly implement EPC (Electronic Product Code) compliance systems, as well as RFID track and trace applications.  In addition to traditional passive RFID applications, the newly released, fully redesigned software, can be used as an all-in-one rules driven solution for the safety and security of people and assets. 

CYBRA software solutions run on all major computing platforms, including Microsoft Windows, Linux, Unix, cloud and IBM Power Systems (System i, iSeries, AS/400, AIX).  CYBRA Corporation is located at 28 Wells Avenue, i.park Building #3, Yonkers, NY 10701. Product information is available toll free at 1-800-CYBRA-88. CYBRA is represented by a network of value added resellers throughout the United States and sales and support offices overseas. To request information via e-mail, write to: This email address is being protected from spambots. You need JavaScript enabled to view it.

To learn more about MarkMagic visit cybra.com.


 

 

BLOG COMMENTS POWERED BY DISQUS

LATEST COMMENTS

Support MC Press Online

$

Book Reviews

Resource Center

  • SB Profound WC 5536 Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application. You can find Part 1 here. In Part 2 of our free Node.js Webinar Series, Brian May teaches you the different tooling options available for writing code, debugging, and using Git for version control. Brian will briefly discuss the different tools available, and demonstrate his preferred setup for Node development on IBM i or any platform. Attend this webinar to learn:

  • SB Profound WP 5539More than ever, there is a demand for IT to deliver innovation. Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects. The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the company are not aligned with the current IT environment.

  • SB HelpSystems ROBOT Generic IBM announced the E1080 servers using the latest Power10 processor in September 2021. The most powerful processor from IBM to date, Power10 is designed to handle the demands of doing business in today’s high-tech atmosphere, including running cloud applications, supporting big data, and managing AI workloads. But what does Power10 mean for your data center? In this recorded webinar, IBMers Dan Sundt and Dylan Boday join IBM Power Champion Tom Huntington for a discussion on why Power10 technology is the right strategic investment if you run IBM i, AIX, or Linux. In this action-packed hour, Tom will share trends from the IBM i and AIX user communities while Dan and Dylan dive into the tech specs for key hardware, including:

  • Magic MarkTRY the one package that solves all your document design and printing challenges on all your platforms. Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product. Make sure your data survives when catastrophe hits. Request your trial now!  Request Now.

  • SB HelpSystems ROBOT GenericForms of ransomware has been around for over 30 years, and with more and more organizations suffering attacks each year, it continues to endure. What has made ransomware such a durable threat and what is the best way to combat it? In order to prevent ransomware, organizations must first understand how it works.

  • SB HelpSystems ROBOT GenericIT security is a top priority for businesses around the world, but most IBM i pros don’t know where to begin—and most cybersecurity experts don’t know IBM i. In this session, Robin Tatam explores the business impact of lax IBM i security, the top vulnerabilities putting IBM i at risk, and the steps you can take to protect your organization. If you’re looking to avoid unexpected downtime or corrupted data, you don’t want to miss this session.

  • SB HelpSystems ROBOT GenericCan you trust all of your users all of the time? A typical end user receives 16 malicious emails each month, but only 17 percent of these phishing campaigns are reported to IT. Once an attack is underway, most organizations won’t discover the breach until six months later. A staggering amount of damage can occur in that time. Despite these risks, 93 percent of organizations are leaving their IBM i systems vulnerable to cybercrime. In this on-demand webinar, IBM i security experts Robin Tatam and Sandi Moore will reveal:

  • FORTRA Disaster protection is vital to every business. Yet, it often consists of patched together procedures that are prone to error. From automatic backups to data encryption to media management, Robot automates the routine (yet often complex) tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:

  • FORTRAManaging messages on your IBM i can be more than a full-time job if you have to do it manually. Messages need a response and resources must be monitored—often over multiple systems and across platforms. How can you be sure you won’t miss important system events? Automate your message center with the Robot Message Management Solution. Key features include:

  • FORTRAThe thought of printing, distributing, and storing iSeries reports manually may reduce you to tears. Paper and labor costs associated with report generation can spiral out of control. Mountains of paper threaten to swamp your files. Robot automates report bursting, distribution, bundling, and archiving, and offers secure, selective online report viewing. Manage your reports with the Robot Report Management Solution. Key features include:

  • FORTRAFor over 30 years, Robot has been a leader in systems management for IBM i. With batch job creation and scheduling at its core, the Robot Job Scheduling Solution reduces the opportunity for human error and helps you maintain service levels, automating even the biggest, most complex runbooks. Manage your job schedule with the Robot Job Scheduling Solution. Key features include:

  • LANSA Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.

  • LANSAWhen it comes to creating your business applications, there are hundreds of coding platforms and programming languages to choose from. These options range from very complex traditional programming languages to Low-Code platforms where sometimes no traditional coding experience is needed. Download our whitepaper, The Power of Writing Code in a Low-Code Solution, and:

  • LANSASupply Chain is becoming increasingly complex and unpredictable. From raw materials for manufacturing to food supply chains, the journey from source to production to delivery to consumers is marred with inefficiencies, manual processes, shortages, recalls, counterfeits, and scandals. In this webinar, we discuss how:

  • The MC Resource Centers bring you the widest selection of white papers, trial software, and on-demand webcasts for you to choose from. >> Review the list of White Papers, Trial Software or On-Demand Webcast at the MC Press Resource Center. >> Add the items to yru Cart and complet he checkout process and submit

  • Profound Logic Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application.

  • SB Profound WC 5536Join us for this hour-long webcast that will explore:

  • Fortra IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn: