Fourth Quarter & Full Year 2012 Financial Highlights:
- Revenues in accordance with US Generally Accepted Accounting Principles
(US GAAP) totaled $6.8 million for the fourth quarter compared to $5.6 million for the
sequential third quarter of 2012 and $6.0 million in the fourth quarter of 2011. Full
year 2012 revenues totaled $23.9 million, an increase of 4.0% as compared to $23.0
million in 2011.
- Non-GAAP revenues totaled $7.0 million for the fourth quarter compared to $5.6
million for the sequential third quarter of 2012 and $6.0 million in the fourth
quarter of 2011. Full year 2012 non-GAAP revenues totaled $24.1 million, an increase
of 5.0% as compared to $23.0 million in 2011. The difference between non-GAAP and GAAP
revenue is derived from the fact that deferred revenues consolidated from acquired
companies are recorded based on fair value rather than book value for GAAP purposes.
- In the fourth quarter of 2012, Commtouch closed the previously announced
acquisitions of FRISK Software International's antivirus business as of October 1,