Digital Island Announces Record Fourth Quarter Revenues and Year-End Results
Customer Base Grows by 37% in Quarter
SAN FRANCISCO, Nov. 3 /PRNewswire/ -- Digital Island, Inc. (Nasdaq: ISLD),
a leading provider of network services for globalizing e-Business
applications, announced today its financial results for the fourth fiscal
quarter and year-ended September 30, 1999.
Revenues for the quarter ended September 30, 1999 were $4.9 million, an
increase of 33% over revenues of $3.7 million for the quarter ended June 30,
1999 and representing a 433% increase over revenues of $927,000 for the
quarter ended September 30, 1998.
The net loss for the quarter ended September 30, 1999, was $22.0 million,
or $0.62 per share, compared with a net loss for the quarter ended June 30,
1999 of $14.1 million, or $0.50 per share on a pro forma basis, and a net loss
of $5.7 million, or $0.36 per share on a pro forma basis for the quarter ended
September 30, 1998.
EBITDA loss (loss before interest, taxes, depreciation, amortization and
other non-cash charges) was $20.4 million for the quarter ended September 30,
1999, compared to EBITDA loss of $12.3 million for the quarter ended June 30,
1999, and $5.2 million for the quarter ended September 30, 1998 |
