Cimatron Reports 2008 Revenue and Net Income

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

                                  Three months ended      Twelve months ended
                                     December 31,             December 31,
                                     2008     2007        2008         2007

    Total revenue                  10,404    9,881      40,975       28,640
    Total cost of revenue           2,142    2,230       7,769        5,440
    Gross profit                    8,262    7,651      33,206       23,200
    Research and development
    expenses, net                   1,657    1,137       6,930        4,281
    Selling, general and
    administrative expenses         5,953    5,683      25,750       17,243
    Operating income                  652      831         526        1,676
    Financial income
    (expenses), net.                 (207)      91         (80)         353
    Taxes on Income                   263       73         237            -
    Other                              (2)     (30)         41         (106)
    Net income                      $ 706    $ 965       $ 724      $ 1,923
    Net income per share
    - basic and diluted            $ 0.08   $ 0.12      $ 0.08       $ 0.24

    Weighted average number of shares outstanding

    Basic EPS (in thousands)        9,274    7,884       9,341        7,866

    Diluted EPS (in thousands)      9,274    7,921       9,360        7,910


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

                                     Three months ended December 31,
                                      2008                   2007
                             GAAP    Adj. NON-GAAP    GAAP   Adj.  NON-GAAP

    Total revenue (1)      10,404     77    10,481   9,881     -      9,881

    Total cost of
    revenue (2)             2,142   (148)    1,994   2,230     -      2,230

    Gross profit            8,262    225     8,487   7,651     -      7,651

    Research and
    development
    expenses, net           1,657      -     1,657   1,137     -      1,137

    Selling, general
    and administrative
    expenses (2)            5,953   (100)    5,853   5,683   (58)     5,625

    Operating income          652    325       977     831    58        889

    Financial income
    (expenses), net.         (207)     -      (207)     91     -         91

    Taxes on Income
    (3)                       263   (478)     (215)     73   (22)        51

    Other                      (2)     -        (2)    (30)    -        (30)

    Net income              $ 706 $ (153)    $ 553   $ 965  $ 36    $ 1,001

    Net income per
    share - basic and
        diluted                                $  0.08                      $  0.06    $  0.12                      $  0.13

        Weighted  average
        number  of  shares
        outstanding

                Basic  EPS  (in
                thousands)                    9,274                        9,274      7,884                        7,884

                Diluted  EPS  (in
                thousands)                    9,274                        9,274      7,921                        7,921



        (Table  Continued)

                                                                            Twelve  months  ended  December  31,
                                                                          2008                                            2007
                                                          GAAP          Adj.  NON-GAAP        GAAP      Adj.  NON-GAAP

        Total  revenue  (1)            40,975          821        41,796    28,640                    28,640

        Total  cost  of
        revenue  (2)                          7,769        (588)        7,181      5,440                      5,440

        Gross  profit                      33,206      1,409        34,615    23,200                    23,200

        Research  and
        development
        expenses,  net                      6,930                          6,930      4,281                      4,281

        Selling,  general
        and  administrative
        expenses  (2)                      25,750        (400)      25,350    17,243      (95)      17,148

        Operating  income                    526      1,809          2,335      1,676        95          1,771

        Financial  income
        (expenses),  net.                    (80)                            (80)        353                          353

        Taxes  on  Income  (3)              237        (358)          (121)            -      (22)            (22)

        Other                                            41                                41        (106)                      (106)


        Net  income                            $  724      1,451          2,175      1,923    $  73      $  1,996

        Net  income  per
        share  -  basic  and
        diluted                                $  0.08                        $  0.23    $  0.24                    $  0.25

        Weighted  average  number  of  shares  outstanding

                Basic  EPS  (in
                thousands)                    9,341                          9,341      7,866                      7,866


                Diluted  EPS  (in
                thousands)                    9,360                          9,360      7,910                      7,910



        (1)  Non-GAAP  adjustment  related  to  Gibbs'  assumed
        support  contracts  that  will  not  be  recognized  on  a  GAAP
        basis  in  fiscal  2008  or  thereafter  due  to  business
        combination  accounting  rules.

        (2)  Non-GAAP  adjustment  to  exclude  non-cash  amortization
        of  acquired  intangible  assets.

        (3)  Non-GAAP  adjustment  to  exclude  the  effect  of
        deferred  taxes.



                                              CIMATRON  LIMITED
                                    CONSOLIDATED  BALANCE  SHEETS
                                      (US  Dollars  in  thousands)

                                                                                                                December    December
                                                                                                                          31,            31,
                                                                                                                      2008            2007

                                                      ASSETS
        CURRENT  ASSETS:
              Total  cash,  cash  equivalents  and  short-term            $  5,727    $  9,026
              investments
              Trade  receivables                                                                    7,108        7,308
              Other  current  assets                                                              2,697        1,467
              Total  current  assets                                                            15,532      17,801

              Deposits  with  insurance  companies  and                            2,719        2,703
              severance  pay  fund

        LONG-TERM  INVESTMENTS:
              Marketable  investments                                                                  -        1,158
              Net  property  and  equipment                                                  1,312        1,337
              Total  other  assets                                                                14,307        4,328
              Total  assets                                                                        $  33,870  $  27,327


                            LIABILITIES  AND  SHAREHOLDERS'  EQUITY

        CURRENT  LIABILITIES:
              Short-term  bank  credit                                                          $  155        $  791
              Trade  payables                                                                          1,865        2,258
              Accrued  expenses  and  other  liabilities                          7,348        7,889
              Deferred  revenues                                                                    2,348            742
              Total  current  liabilities                                                  11,716      11,680

        LONG-TERM  LIABILITIES:
              Accrued  severance  pay                                                            3,933        3,929
              Long-term  loan                                                                              293            403
              Deferred  tax  liability                                                          1,729            282
              Total  long-term  liabilities                                                5,955        4,614

              Minority  interest                                                                          (4)            63

              Total  shareholders'  equity                                                16,203      10,970
              Total  liabilities  and  shareholders'  equity            $  33,870  $  27,327
                                                                                                                            -                -



        Contact:
        Ilan  Erez,  Chief  Financial  Officer    Yael  Nevat,
        Cimatron  Ltd.                                              Commitment-IR.com
        Tel.;  972-3-531-2121                                Tel:  +972-9-714  8866,
        E-mail:  ilane@cimatron.com                              +972-50-762-6215
                                                                                E-mail:  yael@commitment-IR.com

 


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