Dataware Technologies, Inc. announced its financial results for the fourth quarter and year ended December 31, 1998. For the fourth quarter of 1998, Dataware reported net income of $946,000, or $0.10 per share, on revenues of $8.6 million, excluding one-time charges totaling $1.6 million taken in the fourth quarter. These results compare to net income of $252,000, or $0.03 per share, on revenues of $7.8 million in the fourth quarter of 1997, excluding a one-time charge totaling $2.2 million. For the year ended December 31, 1998, Dataware reported net income of $1.9 million, or $0.20 per share, on revenues of $33 million, excluding one- time charges related to the acquisition of Green Book in the first quarter of $450,000 and the other one-time charges taken in the fourth quarter of $1.6 million. This compares to a 1997 loss of $5.8 million, or $(0.76) per share, on revenues of $37 million. After the accretion of preferred stock totaling $677,000, the net loss available to common stockholders for 1997 was $6.5 million, or $(0.85) per share. After the one-time charges, Dataware reported a net loss of $699,000, or ($0.08) per share, for the quarter which compares to a $1.9 million loss, or ($0.21) per share, for the fourth quarter of 1997. The Company reported a net loss of $207,000, or ($0.02) per share for the year, which compares to a loss of $5.8 million, or ($0.76) per share, for 1997 before the accretion of preferred stock. www.datware.com

Share