Will QAD Finally Get The Break (-Even)?
P.J. Jakovljevic - June 18, 2001

Event Summary

On May 30, QAD Inc. (NASDAQ:QADI), a provider of enterprise applications for manufacturing and distributing organizations, reported revenue of $51.3 million for the first quarter of fiscal 2002 ended April 30, 2001, almost flat compared with $51.6 million a year ago (See Figure 1). The license revenue of $15.1 million was also flat compared to a year ago. The net loss of $1.7 million, however, declined significantly compared with a net loss of $8.8 million in the first quarter of fiscal year 2001. The company attributes it to achieving a higher gross margin of 56% in Q1 2002, compared to 49% in Q1 2001. This improvement was primarily due to a more favorable mix of revenue from internally developed product, thereby reducing royalties payable to third parties...