Bellevue, Wash. — February 14, 2008 — Captaris, Inc. (NASDAQ: CAPA), a leading provider of software products that automate document-centric processes, today reported financial results for its 2007 fourth quarter and fiscal year ended December 31, 2007.
Total revenue for the fourth quarter was $28.1 million, a 21% increase over the preceding quarter and 11% over the fourth quarter of 2006. Fourth quarter revenue by category compared to the fourth quarter of 2006 is as follows:
- Software revenue was $10.0 million, an increase of $753,000
- Maintenance, support and services revenue was $11.1 million, an increase of $1.6 million
- Hardware revenue was $5.1 million, a decrease of $1.4 million
- Appliance revenue, the FaxPress product line of hardware and embedded software, was $1.9 million
Gross profit was $19.4 million, compared to $17.4 million in the prior year’s fourth quarter; gross margin was 69.2%, compared to 68.8% in the same quarter last year.