Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Absolute Software Reports Fiscal 2013 Third Quarter Results



         Absolute Software Reports Fiscal 2013 Third Quarter Results

PR Newswire

VANCOUVER, May 8, 2013

Extension of Absolute's persistent technology to Samsung smartphones and
tablets sets stage for long-term growth

VANCOUVER, May 8, 2013 /PRNewswire/ - Absolute® Software Corporation (TSX:
ABT), the industry standard for persistent endpoint security and management
solutions for computers, laptops and ultra-portable devices, today announced
its financial results for the three and nine months ended March 31, 2013. All
financial statements are prepared in accordance with International Financial
Reporting Standards ("IFRS") and are reported in U.S. dollars.

                                 Q3      Q3      %      YTD     YTD     %
Key Financial Metrics           F2013   F2012  change  F2013   F2012  change
Sales Contracts^(1)             $19.0M  $18.9M    +1%  $62.1M  $64.9M   (4)%
Cash from operating activities   $4.8M   $2.6M   +83%  $14.4M  $14.2M    +1%
Operating cash per share^(2)
(basic)                          $0.12   $0.06  +100%   $0.34   $0.33    +3%
(diluted)                        $0.11   $0.06   +83%   $0.34   $0.32    +6%
Revenue                         $20.9M  $18.4M   +13%  $61.2M  $55.0M   +11%
Adjusted Operating Income^(3)    $2.6M   $3.2M  (19)%   $7.5M   $8.8M  (14)%
Net income (loss)              $(0.5)M   $1.4M     nm   $1.3M   $1.0M   +31%
Net income (loss) per share
        (basic and diluted)    $(0.01)   $0.03     nm   $0.03   $0.02   +50%
Cash, cash equivalents and
investments                     $61.3M  $66.0M   (7)%  $61.3M  $66.0M   (7)%
Deferred revenue               $126.5M $120.9M    +5% $126.5M $120.9M    +5%

(1)(2)(3) - Please refer to "Non-IFRS Measures and Definitions"

Q3 F2013 and Subsequent Highlights

  * Announced global partnership with Samsung Electronics to provide
    enterprise mobility management and theft protection for flagship GALAXY
    smartphones and tablets.
  * Extended Absolute's persistent technology to Samsung's smartphone and
    tablet platforms, and to Dell, HP, Lenovo, Panasonic and Fujitsu tablet
    platforms (Android and Windows x86).
  * Sales Contracts increased 1% to $19.0 million from $18.9 million in Q3
    F2012.
  * Commercial Sales Contracts increased 4% to $17.8 million from $17.1
    million in Q3 F2012, driven by strong corporate and healthcare sales.
  * Sales of Device Management and Data Security products were up 45% compared
    to Q3 F2012 and grew to 36% of total sales, up from 26% in Q3 F2012.
  * Cash From Operating Activities was $4.8 million, up from $2.6 million in
    Q3 F2012.
  * Adjusted Operating Income was $2.6 million, compared to $3.2 million in Q3
    F2012.
  * Launched Absolute Manage 6.1.5 with a number of enhancements to the
    Company's Mobile Device Management solution including a new web-based user
    interface, certificate-based authentication, Mobile Content Management
    capabilities for Android devices, and integration with SharePoint for
    content access from mobile devices.
  * Expanded alliance with Panasonic for its Toughbook® line of laptops to
    Latin America.
  * Announced the appointment of Thomas Kenny to the role of Executive Vice
    President and General Manager of Global Sales and Marketing.
  * Paid first quarterly dividend and declared second dividend of CAD$0.05 per
    common share.
  * Announced renewal of the Company's Normal Course Issuer Bid.
  * Awarded a new patent for a "Persistent Servicing Agent" that includes
    services such as remote data deletion.
  * Announced positive movement in the Visionaries Quadrant of the Gartner
    Magic Quadrant for Client Management Tools.

"We have set the stage for future growth with our Samsung persistence win,"
said John Livingston, CEO of Absolute. "The agreement crystallizes our mobile
cross-platform strategy, and provides our customers with a level of enterprise
grade security that no other vendor can match.  In the near-term, we expect to
see increased education opportunities for Computrace Mobile as customers adopt
Android and Windows x86 tablets where Absolute's persistence is supported.  We
are also working with Samsung on global go-to-market opportunities to
accelerate our smartphone and tablet security services growth in fiscal 2014
and beyond."

"In addition, our corporate vision of 'Many Devices, One Solution' is
resonating with customers, and Absolute is winning business against key
competitors in the Client Management Tools (CMT) and Mobile Device Management
(MDM) markets," continued Mr. Livingston. "Commercial sales grew 4% over Q3
last year, despite a 14% decline in PC shipments. This growth demonstrates
market acceptance of our Governance, Risk management and Compliance (GRC)
solutions in the corporate and healthcare verticals, and the continued
diversification of our cross-platform security and management."

Q3 F2013 and F2013 YTD Financial Review
Q3 F2013 Sales Contracts were $19.0 million, up 1% from $18.9 million in Q3
F2012. The year-over-year increase was driven by strength in the corporate and
healthcare verticals, which offset weakness in the education vertical. F2013
year-to-date ("YTD") Sales Contracts were $62.1 million, down 4% from $64.9
million for the same period in F2012.

Commercial Sales Contracts for Absolute's Theft Management products^(5)  were
$11.5 million for Q3 F2013. This was down 10% from $12.8 million in Q3 F2012.
YTD Commercial Sales Contracts for Theft Management products were $36.0
million, down 14% from $41.8 million in YTD F2012. Demand for these products
is highly correlated to PC sales in the education market, which led to the
year-over-year declines. However, the softness in the education sector
continued to be partially offset by advances in the corporate, healthcare and
government verticals. In addition, the Company expects the extension of its
persistence technology to additional Android tablets, including Samsung, and
to Microsoft x86 tablets offered by its OEM partners to enable it to improve
its sales in the education sector in future quarters.

Q3 F2013 Commercial Sales Contracts from Absolute's Device Management and Data
Security products^(6), which also includes Absolute Service, were $6.3
million, up 45% from $4.4 million in Q3 F2012. For the YTD period, Commercial
Sales Contracts from Device Management and Data Security products were $21.4
million, up 26% from $17.0 million for the same period in F2012.

International Sales Contracts were $2.9 million in Q3 F2013 (15% of total
Sales Contracts) up 38% from $2.1 million in Q3 F2012 (11% of total Sales
Contracts). YTD International Sales Contracts were $8.1 million (13% of total
Sales Contracts), down 7% from $8.7 million (13% of total Sales Contracts) for
the same period in F2012. The third quarter growth reflects strong gains in
the APAC (Asia-Pacific) and LATAM (Latin American) regions, while the YTD
reduction reflects a large one-time sale in the second quarter last year.

For Q3 F2013, Sales Contracts for consumer solutions were $1.2 million (6% of
total Sales Contracts), down 29% from $1.7 million (9% of total Sales
Contracts), in Q3 F2012. YTD consumer Sales Contracts were $4.7 million (8% of
total Sales Contracts), down 23% from $6.1 million (9% of total Sales
Contracts) for the same period in F2012.

Revenue for Q3 F2013 was $20.9 million, a 13% increase from $18.4 million in
Q3 F2012. Indicative of the Company's Software-as-a-Service (SaaS) business
model, revenue primarily represents the amortization of deferred revenue
balances from recurring term license sales. YTD revenue was $61.2 million, an
11% increase from $55.0 million for the same period in F2012. As a result of
the SaaS business model, a majority of revenue (82% for the YTD period) was
from the drawdown of deferred revenue balances accumulated to the end of the
prior fiscal year. 

Adjusted Operating Expenses^(3) for Q3 F2013 were $18.2 million, up 20% from
$15.2 million in Q3 F2012. The year-over-year change was primarily due to
increased investment levels that the Company initiated near the end of F2012
to support its long-term strategic growth initiatives. Adjusted Operating
Expenses^(3) for Q3 F2013 were also up 7% sequentially from $17.1 million in
Q2 F2013, primarily because the prior quarter included the positive impact
from a doubtful debt reversal. YTD Adjusted Operating Expenses were $53.7
million, up 16% from $46.3 million for the same period in F2012.

Absolute generated Adjusted Operating Income^(4) of $2.6 million in Q3 F2013.
This was down 19% from $3.2 million in Q3 F2012, reflecting the increased
investment in the business. YTD Adjusted Operating Income was $7.5 million,
down 14% from $8.8 million for the same period in F2012.

Absolute recorded a net loss of $(0.5) million, or $(0.01) per share, in Q3
F2013, compared to net income of $1.4 million, or $0.03 per share, in Q3
F2012. YTD net income was $1.3 million, or $0.03 per share, compared to $1.0
million, or $0.02 per share, for the same period in F2012.

Cash from operating activities was $4.8 million for Q3 F2013, up 83% from $2.6
million in Q3 F2012. YTD cash from operating activities was $14.4 million, up
1% from $14.2 million for the same period in F2012.

At March 31, 2013, Absolute had cash, cash equivalents and investments of
$61.3 million compared to $69.9 million at June 30, 2012. Significant uses of
cash in the quarter included a dividend payment of CAD$0.05 per common share
as per the Company's new policy.

F2013 Outlook
The Company's F2013 outlook is unchanged. Management believes that the Company
will continue to face improving, yet still challenging market conditions
through the remainder of F2013. While management expects the Company to return
to growth in F2014, they continue to expect Sales Contracts for F2013 to be
slightly below F2012 levels. Management remains committed to taking a balanced
approach to operational investments, but also expects cash generated from
operating activities to decline modestly compared to F2012.

Quarterly Filings
Management's discussion and analysis ("MD&A"), consolidated financial
statements and notes thereto for Q3 F2013 can be obtained today from
Absolute's corporate website at www.absolute.com. The documents will also be
available at www.sedar.com.

Notice of Conference Call
Absolute Software will hold a conference call to discuss the Company's Q3
F2013 results on Wednesday, May 8, 2013 at 2:00 p.m. PT (5:00 p.m. ET). All
interested parties can join the call by dialing 647-427-7450, or
1-888-231-8191. Please dial-in 15 minutes prior to the call to secure a line. 
The conference call will be archived for replay until Wednesday, May 15, 2013
at midnight.

A live audio webcast of the conference call will be available at
www.absolute.com and www.newswire.ca.  Please connect at least 15 minutes
prior to the conference call to ensure adequate time for any software download
that may be required to join the webcast.  An archived replay of the webcast
will be available for 365 days at www.newswire.ca. To access the archived
conference call, please dial 416-849-0833, or 1-855-859-2056 and enter the
reservation code 33539909.

Non-IFRS Measures and Definitions
Throughout this press release, we refer to a number of measures which we
believe are meaningful in the assessment of the Company's performance. All
these metrics are non-standard measures under International Financial
Reporting Standards ("IFRS"), and are unlikely to be comparable to similarly
titled measures reported by other companies. Readers are cautioned that the
disclosure of these items is meant to add to, and not replace, the discussion
of financial results or cash flows from operations as determined in accordance
with IFRS.  For a discussion of the purpose of these non-IFRS measures, please
refer to the Company's Fiscal 2013 Q3 MD&A on SEDAR at www.SEDAR.com.

These measures, as well as their method of calculation or reconciliation to
IFRS measures, are as follows:

1)     Sales Contracts
        
       See the "Subscription Business Model" section of the MD&A for a
       detailed discussion of why we believe Sales Contracts (also known as
       "bookings") provide a meaningful performance metric.  Sales Contracts
       are included in deferred revenue (see Note 8 of the Notes to the
       Interim Condensed Consolidated Financial Statements), and result from
       invoiced sales of the Company's products and services.
        
2)     Basic and diluted Cash from Operating Activities per share
        
       As a result of the nature of the Company's revenues (please refer to
       "Subscription Business Model" in the MD&A), we use Cash from Operating
       Activities as a measure of profitability. Accordingly, we believe that
       Cash from Operating Activities per share is a meaningful indicator of
       profitability per share. Cash from Operating Activities per share is
       calculated by dividing Cash from Operating Activities by the average
       number of shares outstanding for the period (basic), or using the
       treasury stock method (diluted).
        
3)     Adjusted Operating Expenses
        
       A number of significant non-cash expenses are reported in the Company's
       Cost of Revenue and Operating Expenses.  Management believes that
       analyzing these expenses exclusive of these non-cash items provides a
       useful measure of the cash invested in the operations of its
       business. The non-cash items excluded in the determination of Adjusted
       Operating Expenses are share-based compensation and amortization of
       acquired intangible assets. For a description of the reasons these
       items are adjusted, please refer to the Fiscal 2013 Q3 MD&A.
        
4)     Adjusted Operating Income
        
       Management believes that analyzing operating results exclusive of
       significant non-cash items provides a useful measure of the Company's
       performance. Adjusted Operating Income refers to IFRS operating (loss)
       income excluding charges for share-based compensation and amortization
       of acquired intangible assets.
        
5)     Theft Management products
        
       Management defines the Company's theft management product line as
       Computrace products that include an investigations and recovery
       services component.
        
6)     Device Management and Data Security products
        
       Management defines the Company's Device Management and Data Security
       product line as are defined as the Coimpany's Absolute Manage, Absolute
       Secure Drive and Absolute Service offerings, as well as Computrace
       products that do not include an investigations and recovery services
       component (for example, Absolute Track and Computrace Data Protection).

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops and
ultra-portable devices. The Company, a leader in device security and
management tracking for 20 years, has over 30,000 commercial customers
worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic Quadrant
for Client Management Tools, Absolute's solutions - Computrace, Absolute
Manage®, Absolute Service, Absolute Secure Drive, and Computrace LoJack for
Laptops - provide organizations with actionable intelligence to prove
compliance, securely manage BYOD,  and deliver comprehensive visibility and
control over all of their devices and data. The Company's Computrace
persistence technology is embedded in the firmware of computers, netbooks, and
tablets by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo,
Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling
partnerships with these OEMs and others, including Apple. For more information
about Absolute Software, visit www.absolute.com.

This press release contains forward-looking statements that involve risks and
uncertainties. These forward-looking statements relate to, among other things,
the expected performance, functionality and availability of our services and
products, and other expectations, intentions and plans contained in this press
release that are not historical fact. When used in this press release, the
words "plan," "expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties, including, but not
limited to, changes in technology and general market conditions. In light of
the many risks and uncertainties you should understand that we cannot assure
you that the forward-looking statements contained in this press release will
be realized.

©2013 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation. LoJack is
a registered trademark of LoJack Corporation, used under license by Absolute
Software Corporation. LoJack Corporation is not responsible for any content
herein. U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, #
6,087,937, # 6,244,758, # 6,269,392, # 6,300,863, # 6,507,914, # 7,818,557, #
7,818,803, # 7,945,709, # 8,062,380, # 8,234,359, # 8,241,369, # 8,307,055 and
# 8,332,953,  # 8,346,234 and # 8,418,226. Canadian patents # 2,211,735, #
2,284,806, and # 2,205,370. U.K. patents # EP0793823, # GB2298302, and #
GB2338101. German patent # 69512534. Australian patent # 699045. Japanese
patent # JP4067035. The Toronto Stock Exchange has neither approved nor
disapproved of the information contained in this news release.

ABSOLUTE SOFTWARE CORPORATION
Consolidated Statements of Financial Position
(Expressed in United States dollars) (Unaudited)

------------------------------------------------------------------------------

                                    March 31, 2013   June 30, 2012
                                                                  
ASSETS                                                            
                                                                  
CURRENT                                                           
   Cash and cash equivalents        $   29,606,280  $   45,412,147
   Short-term investments               19,299,343       8,642,435
   Trade and other receivables          13,183,952      18,105,369
   Prepaid expenses and other            1,636,877       2,010,165
                                        63,726,452      74,170,116
INVESTMENTS                             12,439,395      15,875,256
PROPERTY AND EQUIPMENT                   1,295,245       1,561,495
DEFERRED INCOME TAX ASSETS              20,889,397      19,848,221
INTANGIBLE ASSETS AND GOODWILL          22,158,911      18,256,872
                                     $ 120,509,400   $ 129,711,960
                                                                  
LIABILITIES                                                       
                                                                  
CURRENT                                                           
Trade and other payables           $     7,667,501 $     7,016,921
Acquisition payable - LANrev                     -       1,657,949
Accrued warranty                           476,000         590,000
Deferred revenue - current              66,685,990      63,173,264
                                        74,829,491      72,438,134
DEFERRED REVENUE                        59,768,575      62,038,434
                                       134,598,066     134,476,568
CONTINGENCIES                                                     
                                                                  
SHAREHOLDERS' DEFICIENCY                                          
Share capital                           39,458,375      38,625,463
Equity reserve                          36,687,130      35,751,185
Deficit                               (90,234,171)    (79,141,256)
                                      (14,088,666)     (4,764,608)
                                     $ 120,509,400   $ 129,711,960

ABSOLUTE SOFTWARE CORPORATION
Consolidated Statements of Operations and Comprehensive (Loss) Income
Three and nine months ended March 31, 2013 and 2012
(Expressed in United States dollars) (Unaudited)

------------------------------------------------------------------------------

                             Three months ended        Nine months ended
                                 March 31,                 March 31,
                              2013        2012         2013          2012
                                                                             
                                                                             
REVENUE                              $           $             $            $
                            20,856,826  18,438,405    61,193,945   55,035,517
                                                                             
COST OF REVENUE              5,386,853   4,847,410    15,030,679   14,928,594
                                                                             
GROSS MARGIN                15,469,973  13,590,995    46,163,266   40,106,923
                                                                             
OPERATING EXPENSES                                                           
    Sales and                9,616,885   8,097,043    28,646,857   23,828,817
    marketing
    Research and             3,106,200   2,771,788     9,572,356    8,368,594
    development
    General and              2,303,024   1,850,172     6,219,470    5,314,844
    administration
    Investment tax           (451,569)   (982,000)   (1,151,569)  (2,132,000)
    credits
    Share-based                594,203     559,501     1,741,125    1,883,257
    compensation
                            15,168,743  12,296,504    45,028,239   37,263,512
                                                                             
OPERATING INCOME               301,230   1,294,491     1,135,027    2,843,411
                                                                             
OTHER (EXPENSE)                                                              
INCOME
    Interest income,            22,072     116,326       148,335      413,652
    net
    Foreign exchange         (395,583)     531,661       147,185     (641,365)
    (loss) gain
    (Loss) gain on                   -    (83,797)      (29,627)      108,819
    investments
                             (373,511)     564,190       265,893    (118,894)
                                                                             
NET (LOSS) INCOME
BEFORE
  INCOME TAXES                (72,281)   1,858,681     1,400,920    2,724,517
                                                                             
INCOME TAX EXPENSE           (380,880)   (479,842)     (110,393)  (1,739,939)
                                                                             
NET (LOSS) INCOME AND
  COMPREHENSIVE                    $           $  
(LOSS) INCOME                (453,161)   1,378,839 $   1,290,527  $   984,578
                                                                             
BASIC AND DILUTED
(LOSS) INCOME                                                $  
  PER SHARE                 $   (0.01)    $   0.03          0.03     $   0.02
                                                                             
WEIGHTED AVERAGE
NUMBER
  OF COMMON SHARES
  OUTSTANDING, BASIC        41,353,659  43,405,413    42,515,841   43,336,770

ABSOLUTE SOFTWARE CORPORATION
Consolidated Statements of Changes in Shareholders' Deficiency
(Expressed in United States dollars) (Unaudited)

------------------------------------------------------------------------------

                        Share Capital                                                           
                    Number
                      of
                    Common                          Equity
                    shares          Amount          reserve         Deficit            Total
                                                                                                
BALANCE, JUNE      43,680,498               $               $                $     $ (5,694,435)
30, 2011                           34,640,517      34,431,802     (74,766,754)
Shares issued         643,812       3,330,018     (1,038,920)                -         2,291,098
on options
exercised
Shares issued         175,102         597,531               -                -           597,531
under
Employee
Share
  Purchase
Plan
Shares
repurchased
and cancelled
  under the
Normal Course
Issuer Bid        (1,003,500)     (1,153,451)               -      (2,958,616)       (4,112,067)
Shares issued         166,666         827,434               -                -           827,434
on
acquisition
payable
Share-based                 -               -       1,883,257                -         1,883,257
compensation
Net income
and total
comprehensive
  income                    -               -               -          984,578           984,578
BALANCE,           43,691,778               $               $                $     $ (3,222,604)
MARCH 31,                          38,242,049      35,276,139     (76,740,792)
2012
Shares issued          95,225         383,414       (119,875)                -           263,539
on options
exercised
Share-based                 -               -         594,921                -           594,921
compensation
Net loss and                -               -               -      (2,400,464)       (2,400,464)
total
comprehensive
loss
BALANCE, JUNE      43,757,803               $               $                $     $ (4,764,608)
30, 2012                           38,625,463      35,751,185     (79,141,256)
Shares issued         439,400       2,584,503       (805,180)                -         1,779,323
on options
exercised
Shares issued
under
Employee
Share
  Purchase
Plan                  144,046         612,121               -                -           612,121
Shares
repurchased
and cancelled
  under the
Normal Course
Issuer Bid        (2,812,900)     (3,191,146)               -     (10,314,109)      (13,505,255)
Shares issued         166,668         827,434               -                -           827,434
on
acquisition
payable
Share-based                 -               -       1,741,125                -         1,741,125
compensation
Dividends                   -               -               -      (2,069,333)       (2,069,333)
paid
Net income
and total
comprehensive
  income                    -               -               -        1,290,527         1,290,527
BALANCE,           41,695,017               $               $                $     $(14,088,666)
MARCH 31,                          39,458,375      36,687,130     (90,234,171)
2013

ABSOLUTE SOFTWARE CORPORATION
Consolidated Statements of Cash Flows
Three and nine months ended March 31, 2013 and 2012
(Expressed in United States dollars) (Unaudited)

------------------------------------------------------------------------------

                         Three months ended                Nine months ended
                             March 31,                         March 31,
                         2013            2012             2013            2012
                                                                                  
OPERATING                                                                         
ACTIVITIES
  Net (loss)                  $                $      $  1,290,527      $  984,578
  income                (453,161)       1,378,839
  Items not                                                                       
  involving cash
    Amortization          334,548         302,289        1,006,323         924,327
    of property
    and
    equipment
    Amortization        1,716,307       1,355,607        4,661,384       4,041,819
    of acquired
    intangible
    assets
    Amortization        1,528,874       1,363,716        4,435,065       4,172,425
    of
    intangible
    assets -
    contract
    costs and
    brand
    Share-based           594,203         559,501        1,741,125       1,883,257
    compensation
    Deferred             (70,689)       (502,158)      (1,041,176)       (392,061)
    income taxes
    Loss (gain)                 -          83,797           29,627       (108,818)
    on
    investments
    Unrealized                  -       (350,677)        (277,892)         985,227
    foreign
    exchange
    loss (gain)
    Non-cash
    interest and
    amortization
      of
    investment
    premium                77,045           2,773          270,332         143,030
  Change in                                                                       
  non-cash
  working
  capital
    Trade and           3,602,449       (532,244)        5,077,121     (1,126,911)
    other
    receivables
    Prepaid                32,224       (256,305)          373,288       (297,301)
    expenses and
    other
    Intangible        (1,557,643)     (1,493,777)      (4,793,488)     (4,716,276)
    assets -
    contract
    costs and
    brand
    additions
    Trade and             857,929         431,352          752,337     (1,837,580)
    other
    payables
    Accrued              (44,000)       (140,000)        (114,000)       (250,000)
    warranty
    Deferred          (1,822,773)         413,570          957,866       9,752,721
    revenue
                                                                                  
CASH FROM               4,795,313       2,616,283       14,368,439      14,158,437
OPERATING
ACTIVITIES
INVESTING                                                                         
ACTIVITIES
  Purchase of           (181,778)       (227,863)        (726,598)       (491,430)
  property and
  equipment
  Acquisition of                -               -      (8,000,000)               -
  LiveTime
  Purchase of                   -               -         (25,000)       (300,069)
  intangible
  assets
  Acquisition                   -               -        (833,333)       (833,333)
  payable
  (LANrev)
  Purchase of        (15,280,000)       (230,752)     (15,280,000)       (230,752)
  short-term
  investments
  Proceeds from
  sales and
  maturities of
  short-term
    investments                 -       4,181,567        8,039,727       6,033,181
                                                                                  
CASH (USED IN)       (15,461,778)       3,722,952     (16,825,204)       4,177,597
FROM INVESTING
ACTIVITIES
FINANCING                                                                         
ACTIVITIES
  Repurchase of          (88,920)       (969,355)     (13,504,414)     (3,983,136)
  common shares
  for
  cancellation
  Dividends paid      (2,069,333)               -      (2,069,333)               -
  Issuance of           1,936,455       2,116,129        2,390,581       2,902,045
  common shares
                                                                                  
CASH (USED IN)          (221,798)       1,146,774     (13,183,166)     (1,081,091)
FROM FINANCING
ACTIVITIES
                                                                                  
FOREIGN EXCHANGE         (83,737)          13,519        (165,936)        (66,613)
EFFECT ON CASH
                                                                                  
(DECREASE)           (10,972,000)       7,449,528     (15,805,867)      17,188,330
INCREASE IN CASH
AND CASH
EQUIVALENTS
                                                                                  
CASH AND CASH          40,578,280      39,555,543       45,412,147      29,866,741
EQUIVALENTS,
BEGINNING OF
PERIOD
                                                                                  
CASH AND CASH                  $                $     $ 29,606,280               $
EQUIVALENTS, END       29,606,280      47,055,071                       47,055,071
OF PERIOD

 

 

 

SOURCE Absolute Software Corporation

Contact:

Public Relations:
Andrea Holland, HORN Group
andrea.holland@horngroup.com  or 415-905-4009
or
Marina Guy, Absolute Software
mguy@absolute.com or 604.730.9851 x107

Investor Relations:
Kristen Dickson, MSc, TMX|Equicom
kdickson@equicomgroup.com or 416.815.0700 x273
or
Dave Mason, CFA, TMX|Equicom
dmason@equicomgroup.com or 416.815.0700 x237
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement