Cimatron Reports its Highest-Ever Revenues and Operating Profit in Q4/10

The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrode design, 2.5 to 5 Axis milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.

Cimatron's shares are publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit Cimatron's web site at: http://www.cimatron.com

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to Cimatron's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Cimatron's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycles, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties related to Cimatron's business, refer to Cimatron's filings with the Securities and Exchange Commission. Cimatron cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

                                     CIMATRON LIMITED
                            CONSOLIDATED STATEMENTS OF INCOME
                   (US Dollars in thousands, except for per share data)

                           Three months ended          Twelve months ended
                           ------------------          -------------------
                               December 31,                December 31,
                           2010           2009         2010            2009
                         -------       -------       -------        --------
    Total revenue        11,013         9,762        36,074          32,957

    Total cost of
    revenue               1,634         1,719         5,876           6,186
                         -------       -------       -------        --------
    Gross profit          9,379         8,043        30,198          26,771

    Research and
    development
    expenses, net         1,692          1,347        6,014           5,736

    Selling, general
    and administrative
    expenses              6,282          5,923       22,053          21,992
                         -------       -------       -------        --------
    Operating income
    (loss)                1,405            773        2,131            (957)

    Financial income,
    net                      43             38           97              19

    Taxes on income        (401)           639         (657)            949

    Other                     1            (41)          (6)            (41)
                         -------       -------       -------        --------

    Net income (loss)     1,048          1,409        1,565             (30)

    Less: Net (income)
    loss attributable
    to the
    noncontrolling
    interest                 45            (18)          26              44
                         -------       -------       -------        --------
    Net income
    attributable to
    Cimatron's
    shareholders        $ 1,093        $ 1,391      $ 1,591            $ 14
                          ========              ========          ========                ========
        Net  income  per
        share  -  basic  and
        diluted                            $  0.12                  $  0.15              $  0.18                    $  0.00
                                                ========              ========          ========                ========
        Weighted  average
        number  of  shares
        outstanding

        Basic  EPS
        (in  thousands)                8,959                    9,128                9,000                      9,156
                                                ========              ========          ========                ========
        Diluted  EPS
        (in  thousands)                8,983                    9,128                9,000                      9,156
                                                ========              ========          ========                ========

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

                                                                            Three  months  ended
                                                                                    December  31,
                                                              2010                                            2009
                                            GAAP            Adj.      NON-GAAP          GAAP          Adj.    NON-GAAP

        Total  revenue            11,013        -              11,013          9,762            -          9,762

        Total  cost  of
        revenue  (1)                1,634      (147)            1,487          1,719      (147)        1,572
                                            ------      -----            ------        ------      -----      -----

        Gross  profit              9,379        147              9,526          8,043        147          8,190

        Research  and
        development
        expenses,  net            1,692            -              1,692          1,347            -          1,347

        Selling,  general
        and  administrative
        expenses  (1)              6,282        (99)            6,183          5,923      (100)        5,823
                                              ------      -----            ------        ------      -----      -----
        Operating  income
        (loss)                          1,405        246              1,651              773        247          1,020

        Financial  income,
        net                                      43            -                    43                38            -                38

        Taxes  on
        income  (2)                    (401)      221                (180)            639      (726)            (87)

        Other  (3)                            1            -                      1              (41)        43                  2
                                              ------      -----            ------        ------      -----      -----

        Net  income  (loss)    1,048        467              1,515          1,409      (436)            973

        Less:  Net  (income)
        loss  attributable
        to  the
        noncontrolling
        interest                            45            -                    45              (18)          -              (18)
                                              ------      -----            ------        ------      -----      -----

        Net  income
        attributable  to
        Cimatron's
        shareholders          $  1,093    $  467          $  1,560      $  1,391  $  (436)        $  955
                                          =======    ======        ========      =======  =======      ======
        Net  income
        per  share  -
        basic  and
        diluted                      $  0.12                          $  0.17        $  0.15                      $  0.10
                                          =======                        ========      =======                    ======
        Weighted
        average
        number  of
        shares
        outstanding

        Basic  EPS
        (in  thousands)          8,959                            8,959          9,128                        9,128
                                          =======                          ========      =======                    ======
        Diluted  EPS
        (in  thousands)          8,983                            8,983          9,128                        9,128
                                          =======                          ========      =======                    ======

        (1)  Non-GAAP  adjustment  to  exclude  non-cash  amortization
        of  acquired  intangible  assets.
        (2)  Non-GAAP  adjustment  to  exclude  the  effect  of  deferred  taxes.
        (3)  Non-GAAP  adjustment  to  exclude  loss  from  discontinued  operations.



        (table  continued)

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

                                                                          Twelve  months  ended
                                                                                December  31,
                                                              2010                                                      2009
                                            GAAP            Adj.      NON-GAAP          GAAP          Adj.    NON-GAAP

        Total  revenue          36,074                -            36,074        32,957            -      32,957

        Total  cost  of
        revenue  (1)                5,876          (588)            5,288          6,186      (588)      5,598
                                          -------          -----            ------      -------    -----      -----

        Gross  profit            30,198            588            30,786        26,771        588      27,359

        Research  and
        development
        expenses,  net            6,014                -              6,014          5,736            -        5,736

        Selling,  general
        and  administrative
        expenses  (1)            22,053          (396)          21,657        21,992      (400)    21,592
                                            -------          -----            ------      -------    -----      -----
        Operating  income
        (loss)                          2,131            984              3,115            (957)      988              31

        Financial  income,
        net                                      97                -                    97                19            -              19

        Taxes  on
        income  (2)                    (657)          347                (310)            949      (999)          (50)

        Other  (3)                          (6)              -                    (6)            (41)        43                2
                                            -------          -----            ------      -------    -----      -----

        Net  income  (loss)    1,565        1,331              2,896              (30)        32                2

        Less:  Net  (income)
        loss  attributable
        to  the
        noncontrolling
        interest                            26                -                    26                44            -                44
                                            -------          -----            ------      -------    -----      -----
        Net  income
        attributable  to
        Cimatron's
        shareholders          $  1,591    $  1,331          $  2,922            $  14        $  32          $  46
                                          =======      ======          ========        ======        =====      =====
        Net  income
        per  share  -
        basic  and
        diluted                      $  0.18                              $  0.32        $  0.00                      $  0.01
                                          =======      ======          ========        ======        =====      =====
        Weighted
        average
        number  of
        shares
        outstanding

        Basic  EPS
        (in  thousands)            9,000                              9,000          9,156                        9,156
                                            =======                            ======        ======                        =====
        Diluted  EPS
        (in  thousands)            9,000                              9,000          9,156                        9,156
                                            =======                            ======        ======                        =====
        (1)  Non-GAAP  adjustment  to  exclude  non-cash  amortization
        of  acquired  intangible  assets.
        (2)  Non-GAAP  adjustment  to  exclude  the  effect  of  deferred  taxes.
        (3)  Non-GAAP  adjustment  to  exclude  loss  from  discontinued  operations.





                                                                CIMATRON  LIMITED
                                                          CONSOLIDATED  BALANCE  SHEETS
                                                            (US  Dollars  in  thousands)

                                                                                December  31,                    December  31,
                                                                                ------------                    ------------
                                                                                              2010                                    2009
                                                                                  ============                    ==========
                                                                                                                  ASSETS
        CURRENT  ASSETS:
                    Total  cash,  cash  equivalents
                    and  short-term  investments                  $  10,221                          $  6,684
                    Trade  receivables                                          5,708                              5,422
                    Other  current  assets                                    2,275                              3,308
                                                                                            -------                            -------
                                  Total  current  assets                    18,204                            15,414
                                                                                            -------                            -------
                                  Deposits  with  insurance
                                  companies  and  severance
                                  pay  fund                                              3,279                              2,935
                                                                                            -------                            -------
                                  Net  property  and  equipment              949                              1,046
                                                                                            -------                            -------
                                  Total  other  assets                        12,469                            13,285
                                                                                            -------                            -------
                                                  Total  assets                $  34,901                        $  32,680
                                                                                          ========                        =========

                                                                                LIABILITIES  AND  SHAREHOLDERS'  EQUITY
        CURRENT  LIABILITIES:
                    Short-term  bank  credit                                  $  99                              $  456
                    Trade  payables                                                1,685                              1,064
                    Accrued  expenses  and
                    other  liabilities                                          8,260                              6,991
                    Deferred  revenues                                          2,275                              2,397
                                                                                                -------                      -------
                                  Total  current  liabilities          12,319                            10,908
                                                                                                -------                      -------

        LONG-TERM  LIABILITIES:
                    Accrued  severance  pay                                  4,297                              4,104
                    Long-term  loan                                                      98                                  204
                    Deferred  tax  liability                                1,002                              1,365
                                                                                                -------                      -------
                    Total  long-term  liabilities                      5,397                              5,673
                                                                                                -------                      -------
                    Total  shareholders'  equity                      17,185                            16,099
                                                                                                -------                      -------
                    Total  liabilities  and
                    shareholders'  equity                              $  34,901                        $  32,680
                                                                                          ========                        ========


                                                                              CIMATRON  LIMITED
                                                    STATEMENTS  OF  CHANGES  IN  SHAREHOLDERS'  EQUITY
                                                                        (US  Dollars  in  thousands)



                                                                                                                Accumulated
                                                                                      Additional      other
                                    Noncontrolling      Share        paid-in          comprehensive
                                          Interest          capital      capital          income  (loss)
        Balance  at
        December  31,
        2009                          $  (48)              $  304        $  18,204              $  75
                                        =======              ======      ========              =====
        Changes
        during  the
        twelve  months
        ended
        Deptember  31,
        2010:
        Net  income
        (loss)                          (26)
        Exercise  of
        share  options                                          -                    11
        Unrealized
        loss  on
        derivative
        instruments                                                                                        (79)
        Other                                                                                                    207
        Stock  option
        compensation                                                                  60
        Investment  in
        treasury
        stock
        Foreign
        currency
        translation
        adjustment                                                                                        (468)
                                        -------      --------        ---------          ----------
        Total
        comprehensive
        income
        Balance  at
        December  31,
        2010                          $  (74)              $  304        $  18,275          $  (265)


        (table  continued)


                                                                              CIMATRON  LIMITED
                                                    STATEMENTS  OF  CHANGES  IN  SHAREHOLDERS'  EQUITY
                                                                        (US  Dollars  in  thousands)






                                          Retained
                                          Earnings                                                                  Total
                                          (accumulated    Treasury      Comprehensive      shareholders'
                                          deficit)            stock            income  (loss)      equity
        Balance  at
        December  31,
        2009                              $  (1,894)      $  (542)                                            $  16,099
                                              ==========      =======                                          =========
        Changes
        during  the
        twelve  months
        ended
        Deptember  31,
        2010:
        Net  income
        (loss)                                1,591                                        1,565                      1,565
        Exercise  of
        share  options                                                                                                          11
        Unrealized
        loss  on
        derivative
        instruments                                                                            (79)                        (79)
        Other                                                                                        207                          207
        Stock  option
        compensation                                                                                                            60
        Investment  in
        treasury
        stock                                                        (210)                                                    (210)
        Foreign
        currency
        translation
        adjustment                                                                            (468)                      (468)
                                            --------          -------              ---------                  -------
        Total                                                                                    1,225
                                                                                                  =========
        comprehensive
        income
        Balance  at
        December  31,
        2010                                  $  (303)      $  (752)                                            $  17,185


                                                                                              CIMATRON  LIMITED
                                                                                      STATEMENTS  OF  CASH  FLOWS
                                                                                      (US  Dollars  in  thousands)

                                                                                                            Twelve  months
                                                                                                            ended
                                                                                                            December  31,
                                                                                                            -------------
                                                                                                          2010                2009

        Cash  flows  from  operating  activities:

        Net  income  (loss)                                                                    $  1,565              $  (30)

        Adjustments  to  reconcile  net  income  (loss)
        to  net  cash  provided  by  operating  activities:
        Depreciation  and  amortization                                                1,512              1,575
        Increase  in  accrued  severance  pay                                            228                  138
        Gain  from  sale  of  property  and  equipment,  net                        8                      -
        Stock  option  compensation                                                              60                    73
        Loss  on  disposal  of  businesses  -
        discontinued  operations                                                                    -                    43
        Deferred  taxes,  net                                                                        406                (984)

        Changes  in  assets  and  liabilities:
        Decrease  (increase)  in  accounts
        receivable  and  prepaid  expenses                                              (583)            1,854
        Decrease  (increase)  in  inventory                                                13                  (15)
        Increase  in  deposits  with  insurance
        companies  and  severance  pay  fund                                            (344)              (216)
        Increase  (decrease)  in  trade  payables,  accrued
        expenses  and  other  liabilities                                              1,908            (1,164)
                                                                                                                  ------            ------
        Net  cash  provided  by  operating  activities                        4,773              1,274
                                                                                                                  ------            ------
        Cash  flows  from  investing  activities:
        Purchase  of  property  and  equipment                                        (384)              (262)
        Cash  and  cash  equivalents  disposed  of
        discontinued  operations                                                                    -                  (46)
                                                                                                                  ------            ------
        Net  cash  used  in  investing  activities                                  (384)              (308)
                                                                                                                  ------            ------
        Cash  flows  from  financing  activities:
        Short-term  bank  credit                                                                (340)                301
        Long-term  bank  credit                                                                    (98)              (104)
        Proceeds  from  issuance  of  shares  upon
        exercise  of  options                                                                          11                      -
        Investment  in  treasury  stock                                                    (210)              (153)
                                                                                                                    -----              -----
        Net  cash  used  in  (provide  by)  financing  activities        (637)                  44
                                                                                                                    -----              -----
        Net  increase  in  cash  and  cash  equivalents                        3,752              1,010
        Effect  of  exchange  rate  changes  on  cash                              (215)                (53)
        Cash  and  cash  equivalents  at  beginning  of  period          6,684              5,727
                                                                                                                  ------            ------
        Cash  and  cash  equivalents  at  end  of  period                $  10,221          $  6,684
                                                                                                            =========        ========
        Appendix  A  -  Non-cash  transactions
                                  Purchase  of  property  on  credit                      $  68                $  10
                                                                                                            =========        =========



        Contact:

        Ilan  Erez,  Chief  Financial  Officer
        Cimatron  Ltd.
        Tel.;  +972-73-237-0114
        E-mail:  ilane@cimatron.com


 

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