XFORMITY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Safe Harbour - Forward Looking Statements When used in this Quarterly Report on Form 10-Q, in documents incorporated herein and elsewhere by us from time to time, the words "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements concerning our business operations, economic performance and financial condition, including in particular, our business strategy and means to implement the strategy, our objectives, the amount of future capital expenditures required, the likelihood of our success in developing and introducing new products and expanding the business, and the timing of the introduction of new and modified products or services. These forward looking statements are based on a number of assumptions and estimates which are inherently subject to significant risks and uncertainties, many of which are beyond our control and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those expected in our forward-looking statements, including those set forth from time to time in our press releases and reports and other filings made with the Securities and Exchange Commission. We caution that such factors are not exclusive. Consequently, all of the forward-looking statements made in this document are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to publicly release the results of any revisions of such forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events. RESULTS OF OPERATIONS REVENUE The Company's primary revenue is der...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities

Show all filings for XFORMITY TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for XFORMITY TECHNOLOGIES, INC. 29-Oct-2009Unregistered Sale of Equity Securities Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...
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XFORMITY TECHNOLOGIES, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue416  484  510  568  Cost of Revenue153  133  135  141  Gross Profit263  351  375  427  Operating ExpensesResearch Development126  146  133  138  Selling General and Administrative188  184  196  203  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(50)22  47  86  Income from Continuing OperationsTotal Other Income/Expenses Net64  (0)700  1  Earnings Before Interest And Taxes13  22  747  86  Interest Expense20  20  21  21  Income Before Tax(7)2  725  66  Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(7)2  725  66  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   - ...
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XFormity Technologies, Inc. Announces Year Ending June 2009 Results with Record Revenues and Profits

DALLAS--(BUSINESS WIRE)--XFormity Technologies, Inc. (OTCBB: XFMY - News), a leading provider of technology services to multi-unit restaurant organizations, reported its financial results for its fiscal year ending June 30, 2009. Revenues and profits continued to grow at a record pace. The Company reported revenues for the year of $1,978,231 a 36% increase over the year ending June 2008 revenue of $1,457,884. “We are very pleased with the direction of the company and with our continued revenue growth” stated Chris Ball XFormity’s CEO. There was also a significant improvement in net profit, with the annual net profit of $786,508 a 162% increase over the year ending 2008 net loss of $1,268,984“In addition to demand for our core reporting services we are seeing increased interest in our Balanced Scorecard and Financial Benchmarking solutions. Over the past 6 months we have seen increased interest from both franchisees and franchisors across many different brands. We also continue to receive an overwhelming response and very positive feedback on our recently released Cash Management solution. We now have this solution deployed to over 1,200 restaurants,” says Ken Johnson XFormity’s VP of Sales & Marketing.th restaurant deployment.”About XFormity Technologies, Inc. - ...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. The following discussion of the Company's financial condition and results of operation should be read in conjunction with the consolidated financial statements and accompanying notes thereto in Item 8 of this report. Critical Accounting Policies and Procedures The Company believes its critical accounting policies (see Note 1 to the consolidated financial statements) are revenue recognition, software development costs, accounting for research and development expenses, accounting for convertible securities with beneficial conversion features and share based payments under accounting principles generally accepted in the United States and that they are adhered to in the accompanying consolidated financial statements. Revenue Recognition The Company's primary revenue is derived by delivering software as a service, or hosted solutions for its clients. Revenue derived from the sale of these services are billed monthly or quarterly and is recognized in accordance with Statement of Position 97-2 (as amended), Software Revenue Recognition, over the term of the agreement . The Company bills for its service in advance; payments from customers received in advance of the month of usage are reflected as deferred revenue until the month of usage, when they are recognized as earned revenue. In addition to the software license revenue the company derives revenue from professional services fees associated with custom software development and project management services it provides to customers. Software Development Costs The Company capitalizes internally generated software development costs in accordance with Statement of Financial Accounting Standards ("SFAS") No. 86, Accounting for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed. Capitalization of software development costs begins when a product's technological feasibility is established. Costs incurred...
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XFormity Announces Initial Results of Innovative Cash Management Solution for Restaurant Operators

DALLAS--(BUSINESS WIRE)--XFormity Technologies (OTCBB: XFMY - News) is pleased to announce numerous eye opening initial results of its newly introduced Cash Management solution which helps restaurant operators identify and manage issues surrounding cash management. In response to many customers' cries for help, last month XFormity released an intuitive solution for analyzing thousands of transactions quickly, identifying transactions, and the responsible cashiers that are outside acceptable ranges. Building on the wealth of experience and success in providing time-saving solutions to restaurant operators across America, Canada and Latin America, XFormity is working with customers to continually improve and enhance its solutions in concert with changes in the economic and operating environment. Cash Management is the latest example of XFormity's innovative approach to solving real-world problems. XFormity has already deployed its Cash Management solution in over 1,000 restaurants across four brands.XFormity has received overwhelming response surrounding the release of its Cash Management solution; here are a few examples of what our customers are telling us:“I want to let you know how wonderful the Cash Management report is. Since we last spoke a few weeks ago, I have been able to identify two managers that were stealing utilizing deletions. I was able to take the times from the re...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Safe Harbour - Forward Looking Statements When used in this Quarterly Report on Form 10-Q, in documents incorporated herein and elsewhere by us from time to time, the words "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements concerning our business operations, economic performance and financial condition, including in particular, our business strategy and means to implement the strategy, our objectives, the amount of future capital expenditures required, the likelihood of our success in developing and introducing new products and expanding the business, and the timing of the introduction of new and modified products or services. These forward looking statements are based on a number of assumptions and estimates which are inherently subject to significant risks and uncertainties, many of which are beyond our control and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those expected in our forward-looking statements, including those set forth from time to time in our press releases and reports and other filings made with the Securities and Exchange Commission. We caution that such factors are not exclusive. Consequently, all of the forward-looking statements made in this document are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to publicly release the results of any revisions of such forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events. RESULTS OF OPERATIONS REVENUE The Company's primary revenue...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 10-K/A, Annual Report

Show all filings for XFORMITY TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 10-K/A for XFORMITY TECHNOLOGIES, INC. 18-Mar-2009Annual Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 10-K/A, Annual Report

Show all filings for XFORMITY TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 10-K/A for XFORMITY TECHNOLOGIES, INC. 13-Mar-2009Annual Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not...
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XFORMITY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Safe Harbour - Forward Looking Statements When used in this Quarterly Report on Form 10-Q, in documents incorporated herein and elsewhere by us from time to time, the words "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements concerning our business operations, economic performance and financial condition, including in particular, our business strategy and means to implement the strategy, our objectives, the amount of future capital expenditures required, the likelihood of our success in developing and introducing new products and expanding the business, and the timing of the introduction of new and modified products or services. These forward looking statements are based on a number of assumptions and estimates which are inherently subject to significant risks and uncertainties, many of which are beyond our control and reflect future business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those expected in our forward-looking statements, including those set forth from time to time in our press releases and reports and other filings made with the Securities and Exchange Commission. We caution that such factors are not exclusive. Consequently, all of the forward-looking statements made in this document are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to publicly release the results of any revisions of such forward-looking statements that may be made to reflect events or circumstances after the date hereof, or thereof, as the case may be, or to reflect the occurrence of unanticipated events. RESULTS OF OPERATIONS REVENUE The Company's primary revenue is der...
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