CIMATRON LIMITED CONSOLIDATED STATEMENTS OF INCOME (US Dollars in thousands, except for per share data) Three months ended March 31, 2012 2011 Total revenue 9,886 8,894 Total cost of revenue 1,418 1,345 Gross profit 8,468 7,549 Research and development expenses, net 1,693 1,554 Selling, general and administrative expenses 5,886 5,571 Operating income 889 424 Financial income, net 113 116 Taxes on income (174) (227) Other 15 (2) Net income 843 311 Less: Net (income) loss attributable to the noncontrolling interest (12) 28 Net income attributable to Cimatron's shareholders $ 831 $ 339 Net income per share - basic and diluted $ 0.09 $ 0.04 Weighted average number of shares outstanding Basic EPS (in thousands) 9,301 9,106 Diluted EPS (in thousands) 9,318 9,239
CIMATRON LIMITED RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION (US Dollars in thousands, except for per share data) Three months ended March 31, 2012 2011 GAAP Adj. NON-GAAP GAAP Adj. NON-GAAP Total revenue 9,886 - 9,886 8,894 - 8,894 Total cost of revenue (1) 1,418 (147) 1,271 1,345 (147) 1,198 Gross profit 8,468 147 8,615 7,549 147 7,696 Research and development expenses, net 1,693 - 1,693 1,554 - 1,554 Selling, general and administrative expenses (1) 5,886 (99) 5,787 5,571 (101) 5,470 Operating income 889 246 1,135 424 248 672 Financial income, net 113 - 113 116 - 116 Taxes on income (2) (174) (91) (265) (227) 172 (55) Other 15 - 15 (2) - (2) Net income 843 155 998 311 420 731 Less: Net (income) loss attributable to the noncontrolling interest (12) - (12) 28 - 28 Net income attributable to Cimatron's shareholders $ 831 $ 155 $ 986 $ 339 $ 420 $ 759 Net income per share - basic and diluted $ 0.09 $ 0.11 $ 0.04 $ 0.08 Weighted average number of shares outstanding Basic EPS (in thousands) 9,301 9,301 9,106 9,106 Diluted EPS (in thousands) 9,318 9,318 9,239 9,239