BakBone: Preliminary Fiscal 1Q10 Financial Results

BakBone Software, Inc. announced that preliminary bookings* for its fiscal first quarter of 2010, which ended June 30, 2009, totaled $13.6 million. The Company also announced it will release its financial results for its fiscal first quarter of 2010 on August 13, 2009, after the market close and has scheduled a conference call with analysts and investors for 5:00 p.m. ET that day.

“Our bookings for the fiscal first quarter demonstrate that BakBone got off to a good start in our new fiscal year, and we look forward to discussing our results in more detail on August 13th,” said Jim Johnson, president and chief executive officer, BakBone.

* The Company defines bookings as the gross dollars invoiced through the sale of software licenses or technology, maintenance contracts and professional services. The Company utilizes bookings information as an operations measure, but it is not intended to replace U.S. GAAP accounting. Under the ratable revenue recognition method, license bookings are recognized as revenue over the appropriate period (generally three to five years). In general, variations in revenues period-over-period are affected by the amortization of current and prior period license bookings. Accordingly, the Company believes that trends in current and historical bookings are key factors in analyzing its operating results.