Excalibur In the Black for Q4

Excalibur (Vienna, VA, Nasdaq: EXCA

) reports Q4 '97 revenue of $7.4 million, up 21% from Q4 '96. A net income of $80,000 compares with a net loss of $1.4 million a year ago. For the year, revenue was up 11% to $22.4 million, and net losses increased from $7.2 million to $8.3 million, including $1.9 million in restructuring and R&D costs. Strong sales of Excalibur's Retrievalware helped drive the quarterly growth, according to president and CEO Pat Condo. Total revenue from international operations increased 39% during the quarter; North American sales improved 10% after recent reorganizational changes. During the quarter Excalibur signed contracts with Anheuser Busch, Boeing, Bell South and the USDA, and announced a selective beta release of its Video Analysis Engine.