Company Overview of Cimatron Ltd.
Cimatron Ltd., together with its subsidiaries, designs, develops, manufactures, markets, and supports computer-aided design/computer aided manufacturing (CAD/CAM) software products. The company offers CimatronE, a CAD/CAM solution, which provides tools, applications, and process-automation solutions for the tooling and manufacturing industries. The CimatronE product family includes various basic modules, such as Designer Solution, NC Solution, Master Solution, Electrode Solution, Electrode Pro Solution, Student Package, and View Only System; and various vertical applications consisting of Mold Design, Die Design, Quick Electrode, ECO Manager, 5 Axes Production, Micro-Milling, and Die Quote G...
11 Gush Etzion Street
Givat Shmuel, 54030
Founded in 1982
Key Executives for Cimatron Ltd.
Cimatron Ltd. does not have any Key Executives recorded.
Cimatron Ltd. Key Developments
Cimatron Ltd. Proposes Amend the Articles of Association
Mar 13 14
Cimatron Ltd. proposed amend the Articles of Association of the company to the annual general meeting to be held on April 23, 2014.
Cimatron Limited Announces New GibbsCAM Add-In Enables File Exchange with Easy To Use SpaceClaim 3D Modeling Software
Mar 5 14
Cimatron Limited announced that a new add in from SpaceClaim Corporation is immediately available for the GibbsCAM software. The GibbsCAM SpaceClaim Add in installs dynamic link libraries that enable the simple file transfer between the two products, and it is available, free of charge, for both 32-bit and 64-bit versions of GibbsCAM. Once installed the Add in appears in GibbsCAM's Plug ins drop down menu, and allows users to import 3D models from SpaceClaim for machining, and to export part models to SpaceClaim for modification or for use in modeling workholding devices with its very friendly, easy to use modeling software. The SpaceClaim GibbsCAM Add in is available at SpaceClaim's Add-in page, together with installation instructions. SpaceClaim Corporation provides intuitive, CAD-neutral modeling software for engineering and manufacturing, enabling the creation of new designs, and the manipulation of existing 2D and 3D geometry. Because it is very easy to use, SpaceClaim believes its SpaceClaim Engineer software is an ideal tool for the machinist and CNC programmer, people who receive CAD models from various sources, in various formats, and who nearly always need to make adjustments or modifications for machining. The software also enables the quick creation of workholding devices, which is another common task for machinists and CNC programmers. SpaceClaim states that, with SpaceClaim Engineer, machinists can edit geometry, optimize designs for manufacturing, and clean up corrupt CAD data, moving on to GibbsCAM for CNC programming three to seven times faster than going through CAD-dependent pre-processing.
Cimatron Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
Feb 27 14
Cimatron Ltd. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. Revenues for the fourth quarter of 2013 were $12.7 million, compared to $12.4 million recorded in the fourth quarter of 2012. Operating profit in the fourth quarter of 2013 was $2.1 million, the same as in the parallel period of 2012. Net profit for the fourth quarter of 2013 was $2.3 million, or $0.21 per diluted share, compared to a net profit of $1.3 million, or $0.14 per diluted share, recorded in the same quarter of 2012. The net profit in the fourth quarter of 2013 was higher than the operating profit in that period mainly due to the creation of a $1.1 million tax asset in Israel that resulted in tax income rather than tax expense. On non-GAAP basis, operating profit in the fourth quarter of 2013 was $2.4 million, as compared to $2.3 million in the same period in 2012. Net profit for the fourth quarter of 2013 was $1.7 million, or $0.16 per diluted share, compared to net profit of $1.7 million, or $0.18 per diluted share, recorded in the same quarter of 2012.
For the full year of 2013, revenues were $44.2 million, compared to $42.3 million in 2012. Operating profit of $5.5 million, the same as in the full year of 2012. Net profit was $4.8 million, or $0.49 per diluted share, compared to net profit of $3.7 million, or $0.40 per diluted share, in the full year of 2012. On non-GAAP basis, operating profit was $6.3 million, compared to operating profit of $6.1 million in the full year of 2012. Net profit was $4.7 million, or $0.48 per diluted share, compared to a net profit of $4.4 million, or $0.47 per diluted share, in the full year of 2012. Net cash provided by operating activities was $3,471,000 against $3,173,000 a year ago. Purchase of property and equipment was $459,000 against $316,000 a year ago.
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