Cimatron Reports Revenues of $10.6M and Record Second Quarter Non-GAAP Operating Profit of $1.7M in Q2/12

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

 
                                                     Three months ended
                                                           June 30,
                                            2012                           2011
                                   GAAP      Adj.     NON-GAAP     GAAP    Adj.   NON-GAAP
 
    Total revenue                10,608        -        10,608    9,975      -       9,975
 
    Total cost of revenue           934                  1,206    1,273              1,126
     Non-cash amortization of               (147)                         (147)
      acquired intangible assets
     One-time income from OCS                419
      agreement

    Gross profit                  9,674     (272)        9,402    8,702    147       8,849
 
     Research and development     1,629        -         1,629    1,500      -       1,500
      expenses, net
 
     Selling, general and         6,215      (98)        6,117    6,155   (103)      6,052
      administrative expenses (1)
    Operating income              1,830     (174)        1,656    1,047    250       1,297
 
     Financial income (expenses),  (205)       -          (205)      38      -          38
      net
 
     Taxes on income (2)           (626)     209          (417)    (195)   150         (45)
 
     Other                           (4)       -            (4)      (8)     -          (8)
 
    Net income                      995       35         1,030      882    400       1,282
 
    Less: Net (income) loss           3        -             3       (1)     -          (1)
     attributable to the 
     noncontrolling interest
    Net income attributable       $ 998     $ 35       $ 1,033    $ 881  $ 400     $ 1,281
     to Cimatron's shareholders
    Net income per share - basic $ 0.11                 $ 0.11   $ 0.09             $ 0.14
     and diluted
 
    Weighted average number of shares outstanding
 
     Basic EPS (in thousands)     9,309                  9,309    9,298              9,298
 
     Diluted EPS (in thousands)   9,329                  9,329    9,314              9,314

(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets. (2) Non-GAAP adjustment to exclude the effect of deferred taxes and other non-cash tax provisions.

Table continued below.


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

     
                                                        Six months ended
                                                            June 30,
                                             2012                         2011
                                    GAAP     Adj.    NON-GAAP    GAAP     Adj.    NON-GAAP
 
      Total  revenue                                  20,494            -          20,494            18,869            -          18,869
  
          Total  cost  of  revenue                    2,352                          2,477              2,618                          2,324
            Non-cash  amortization  of                            (294)                                                  (294)
              acquired  intangible  assets
            One-time  income  from  OCS                              419
              agreement
  
          Gross  profit                                    18,142      (125)        18,017            16,251        294          16,545
  
          Research  and  development              3,322            -            3,322              3,054            -            3,054
            expenses,  net
  
          Selling,  general  and                  12,101        (197)        11,904            11,726      (204)        11,522
            administrative  expenses  (1)
          Operating  income                            2,719            72            2,791              1,471        498            1,969
  
          Financial  income  (expenses),        (92)            -                (92)                154            -                154
            net
  
          Taxes  on  income  (2)                        (800)        118              (682)              (422)      322              (100)
  
          Other                                                        11              -                  11                  (10)          -                (10)
  
          Net  income                                        1,838          190            2,028              1,193        820            2,013
  
          Less:  Net  (income)  loss                    (9)            -                  (9)                  27            -                  27
            attributable  to  the  
            noncontrolling  interest  
  
          Net  income  attributable          $  1,829      $  190        $  2,019          $  1,220    $  820        $  2,040
            to  Cimatron's  shareholders
          Net  income  per  share  -              $  0.20                          $  0.22            $  0.13                        $  0.22
            basic  and  diluted
  
          Weighted  average  number  of  shares  outstanding
  
            Basic  EPS  (in  thousands)          9,305                            9,305              9,202                          9,202
  
            Diluted  EPS  (in  thousands)      9,323                            9,323              9,276                          9,276
 

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