Cimatron +8.4% on Q2 results, dividend announcement

|By:, SA News Editor

Along with its Q2 numbers, Cimatron (CIMT) has announced a dividend policy under which "the Company will distribute a dividend of at least 50% of its annual distributable profits from the previous year."

The CAD/CAM software vendor ended Q2 with $20.4M ($1.90/share) in cash, up from $16.6M at the end of Q1. It calls "M&A opportunities" to be a potential use for the cash.

GAAP SG&A spend grew 4% Y/Y to $6.8M. R&D spend grew 7%, but only totaled $1.9M.

Cimatron declares early feedback for version 12 of its CimatronE CAD/CAM platform (launched in July, adds 3D printing support) to be "very encouraging."

Q2 results, PR