Cimatron Reports Revenues of $9.6M and Non-GAAP Operating Profit of $1.0M in Q3/11

Cimatron's shares are publicly traded on the NASDAQ exchange and the TASE under the symbol CIMT. For more information, please visit Cimatron's web site at: http://www.cimatron.com

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to Cimatron's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Cimatron's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycles, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties related to Cimatron's business, refer to Cimatron's filings with the Securities and Exchange Commission. Cimatron cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

   
                              CIMATRON LIMITED
                         CONSOLIDATED STATEMENTS OF INCOME
             (US Dollars in thousands, except for per share data)

                                         Three months         Nine months
                                             ended               ended
                                         September 30,       September 30,
                                        2011       2010     2011        2010
   Total revenue                       9,619      8,745    28,488     25,061

   Total cost of revenue               1,288      1,419     3,906      4,242

   Gross profit                        8,331      7,326    24,582     20,819

   Research and development
   expenses, net                       1,654      1,493     4,708      4,322

   Selling, general and
   administrative expenses             5,928      5,354    17,654     15,771
   Operating income                      749        479     2,220        726

   Financial income (expenses),
   net                                 (163)        236        (9)        54

   Taxes on income                    (566)        (376)     (988)      (256)

   Other                                   1          1       (9)        (7)

   Net income                             21        340     1,214        517

   Less: Net (income) loss
   attributable to the
   noncontrolling interest               (14)       (20)       13      (19)

   Net income attributable to
   Cimatron's shareholders               $ 7      $ 320   $ 1,227      $ 498
   Net income per share - basic
   and diluted                        $ 0.00     $ 0.04    $ 0.13     $ 0.06

   Weighted average number of shares
   outstanding

       Basic EPS (in thousands)        9,300      8,961     9,235      9,014

       Diluted EPS (in thousands)      9,315      8,961     9,284      9,014


 


    
   
                                  CIMATRON LIMITED
                 RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION
                (US Dollars in thousands, except for per share data)
  
                                    Three months ended September 30,

                                  2011                       2010
                                 GAAP              Adj.        NON-GAAP        GAAP      Adj.      NON-GAAP
      Total
      revenue                        9,619                    -        9,619          8,745            -          8,745

      Total  cost  of
      revenue  (1)                1,288              (147)      1,141          1,419      (147)        1,272

      Gross
      profit                          8,331                147        8,478          7,326        147          7,473

      Research  and
      development
      expenses,  net            1,654                    -        1,654          1,493            -          1,493

      Selling,  general  and
      administrative
      expenses  (1)              5,928                (99)      5,829          5,354        (99)        5,255
      Operating
      income                              749                246            995              479        246              725

      Financial  income
      (expenses),  net          (163)                  -          (163)            236            -              236

      Taxes  on
      income  (2)                    (566)              565              (1)          (376)      308              (68)

      Other                                    1                    -                1                  1            -                  1

      Net  income                        21                811            832              340        554              894

      Less:  Net  (income)
    loss  attributable
    to  the
    noncontrolling
    interest                            (14)                  -            (14)            (20)          -              (20)

      Net  income
      attributable  to
      Cimatron's
      shareholders                  $  7            $  811        $  818          $  320    $  554          $  874
      Net  income  per
      share  -  basic  and
      diluted                      $  0.00                            $  0.09        $  0.04                      $  0.10
    
      Weighted  average
      number  of  shares
      outstanding

      Basic  EPS  (in
      thousands)                  9,300                              9,300          8,961                        8,961

      Diluted  EPS
      (in
        thousands)                9,315                              9,315          8,961                        8,961
 


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