Network Engines Inc. announced the general availability of NEI Element Manager 3.0 with new and enriched Smart Services. Element Manager 3.0 allows software developers to quickly build and deploy secure, hardened solutions, with low-maintenance lifecycle management in both physical and virtual environments. End-user enterprises benefit from its health, update and backup capabilities-all of which make applications easier to maintain and support. NEI Element Manager 3.0 is a complete, light-weight supervisory and alarming console used to monitor appliance health, automate alarming and updates, deploy OS and application patches, schedule backups and restore field-deployed appliances.

Network Engines Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended September 30, 2009. For the quarter, the company reported loss from operations of $817,000, loss before income taxes and net loss of $819,000 or $0.02 basic and diluted per share on revenue of $40,697,000 as compared to loss from operations of $9,728,000, loss before income taxes of $9,668,000, net loss of $9,735,000 or $0.22 basic and diluted per share on revenues of $40,935,000 for the same period last year. The company reported non-GAAP net income of $326,000 or $0.01 basic and diluted per share as compared to non-GAAP net income of $299,000 or $0.01 basic and diluted per share for the same period last year. The company reported net cash provided by operating activities of $1,665,000 as compared to net cash used in operating activities of $1,089,000 for the same period last year. For the full year, the company reported loss from operations of $3,274,000, loss before income taxes and net loss of $3,198,000 or $0.07 basic and diluted per share on revenues of $148,722,000 as compared to loss from operations of $8,713,000, loss before income taxes of $8,277,000, net loss of $8,477,000 or $0.19 basic and diluted per share on revenues of $197,495,000 for the same period last year. The company reported non-GAAP net income of $263,000 or $0.01 basic and diluted per share as compared to non-GAAP net income of $4,473,000 or $0.10 basic and diluted per share for the same period last year. The company reported net cash provided by operating activities of $12,890,000 as compared to net cash provided by operating activities of $1,247,000 for the same period last year. The company anticipates the following results for its fiscal first quarter ending December 31, 2009, based on current forecasts from certain partners and historical trends. Net revenues in the range of $39 million to $44 million. Gross profit in the range of 13.5% to 15% of net revenues. Net loss on a GAAP basis in the range of $600,000 to breakeven. Net income on a non-GAAP basis in the range of $100,000 to $700,000.

Network Engines Inc. expected to Report Q1 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).