(COMTEX) B: Calico Commerce Reports Record Third Quarter Results
B: Calico Commerce Reports Record Third Quarter Results
SAN JOSE, Calif., Jan 13, 2000 (BUSINESS WIRE) --
Calico Demonstrates Leadership in Sell-Side eCommerce as License
Revenues Increase by 72%; Proforma Net Loss of $0.16 Betters Analyst
Estimates
Calico Commerce (Nasdaq: CLIC), a leading provider of
business-to-business electronic commerce software and services, today
announced record results for its third quarter ended December 31, 1999.
Led by a 72% increase in license revenues, total revenues increased to
a record $8.7 million compared with revenues of $5.7 million for the
same period last year. The Company had a net loss of $5.7 million or
$0.19 per share compared to a net loss of $3.8 million or $0.55 per
share for the same period last year. On a proforma basis, excluding the
amortization of stock compensation, acquired R&D, and goodwill and also
assuming the conversion of preferred shares for the entire third
quarter, the loss per share was $0.16 versus $0.13 last year.
"We are extremely pleased with our business momentum on every level.
This quarter we reached important milestones financially, competitively
and most importantly, winning leading customers who are choosing Calico
eSales as the cornerstone of their eCommerce strategies," said Alan
Naumann, president and CEO, Calico Commerce. "In our first quarter as a
public company we added 12 new customers, successfully launched Calico
eSales.com, our initiative to address the explosive net market maker
segment, announced the agreement to acquire ConnectInc.com and
established Calico as a sell-side eCommerce leader in the
telecommunications services industry. In addition, we gained
significant customer acceptance of new products in the eSales suite,
received key follow-on orders from our existing customers and have
recently been acknowledged as the market share leader in online
configurator software and services by an industry analyst firm," said
Naumann.
Quarterly Highlights
The following milestones were completed or announced during the
third quarter of 1999:
-- Calico Commerce added 12 new customers and received license or
professional service revenue from 23 customers including
established leaders such as: Motorola (NYSE: MOT), Nortel
Networks (NYSE/TSE: NT), KPNQwest (Nasdaq & ASE: KQIP), the
leading pan-European data communications company and also from
emerging leaders such as, Winstar Communications (Nasdaq:WCII), a
global provider of advanced broadband telecommunications
services; MYBIKE.COM.com, an online provider of customized
bicycles; Oneswoop.com, the UK's first automotive
transactional-based eCommerce website; iCongo.com, a B2B
marketplace for the international sporting good industry; and
ZoneTrader, a B2B auction site for refurbished and surplus
business equipment. The company also added a new Fortune 50
customer after winning a highly competitive evaluation.
-- In response to growing demand among B2B customers and emerging
net market makers, Calico Commerce launched Calico eSales.com, an
offering for deploying state-of-the-art eCommerce sites and
creating new business communities where multiple buyers and
sellers come together. Calico has already experienced customer
acceptance and rapid growth in this exploding segment of B2B
eCommerce by signing four eSales.com customers since the launch
in December.
-- Calico Commerce completed the initial public offering of its
common stock on the Nasdaq National Market trading under the
symbol "CLIC." Private placement investments totaling $24 million
were concurrently made by Dell U.S.A., L.P. and Andersen
Consulting LLP.
-- A definitive agreement was reached to acquire ConnectInc.com
(Nasdaq: CNKT), a leading provider of technology and services
that dynamically connect buying and selling companies via the
Internet. With the acquisition, Calico strengthens the sell-side
functionality of its eSales electronic commerce suite by adding
new technology that will better serve the needs of eBusiness
leaders in the Global 2000, while expanding its reach to the
thousands of net market maker companies that are building digital
marketplaces.
-- The company added significantly to its telecommunications
services customer base by adding four new customers including
KPNQwest, Winstar, as well as a leading long distance service
provider in the U.S., and a leading Asian integrated
communications service provider.
-- Announced the first joint customer deployment with Andersen
Consulting, OneSwoop.com, the UK's first automotive
transactional-based eCommerce website. This Calico eSales
deployment is also Calico's first within the automotive industry,
an explosive growth sector in electronic commerce.
-- A strategic partnership was announced with BEA Systems, adopting
BEA WebLogic Server(TM) as a platform for its eSales
customer-focused electronic commerce solutions. Calico's
leadership in supporting open Java-based application server
technology uniquely positions the company to meet the most
demanding eCommerce performance and scalability requirements of
customers while adding major new product functionality.
-- Calico announced the appointment of high-technology industry
veteran, Joseph B. Costello, to its board of directors. Costello
has brought a wealth of executive management and operations
experience with Fortune 1000 companies to Calico's board, and is
highly regarded for the role he played for more than a decade as
president and CEO of Cadence Design Systems.
-- Eastman Kodak Company (NYSE: EK) implemented Calico eSales to
distribute marketing, sales and product intelligence to Kodak's
sales force and create a closer link among sales, marketing and
product development. By supplying up-to-date information during
every step of the sales process, Calico eSales helps Kodak's
sales people prepare for - and close - new business
opportunities.
-- Best Buy Co., Inc. (NYSE: BBY), the nation's largest computer
retailer to the home user, completed the roll-out of Calico
eSales into its newly launched in-store configure-to-order
computer kiosks at 354 Best Buy locations nationwide. Calico
continues to empower retailers such as Best Buy to sell complex
products and services via the Web and in stores-- providing
customers with relevant, up-to-date information, and assembling
the right computer package to meet their expressed preferences
and requirements.
Conference Call Information
For interested parties, the quarterly earnings conference call will
be held today at 5:00 PM EST. The dial in number is 1-800-755-9142 --
Reference: Calico Commerce Quarterly Earnings Call. This event is also
available through Investor Broadcast Network's Vcall website, located
at vcall.com. Vcall recommends visiting the website at
least 15 minutes before this event to register and obtain any necessary
audio software. If participants are unable to attend the live
broadcast, a replay will be available beginning approximately one hour
after the event.
About Calico Commerce, Inc.
Calico Commerce, Inc., headquartered in San Jose, Calif. and with
offices throughout the United States and Europe, provides leading
corporations with the enabling sell-side eCommerce software that
enables direct sales and trading exchanges over the Internet in both
the business-to- business and business-to-consumer markets. Calico
eSales is a customer-focused electronic commerce solution that matches
unique customer needs to business initiatives across all channels while
allowing customers to leverage their existing systems to get the most
from their suppliers and buyers. Calico eSales can be deployed across
the Internet, intranets, extranets and corporate networks and can be
accessed through desktop and mobile computers and retail kiosks. Calico
has helped net market makers and leading high-technology hardware,
manufacturing, telecommunications services, financial services and
retail corporations expand their selling opportunities, accelerate time
to market and increase ROI and market share. Calico Commerce, Inc. can
be found on the World Wide Web at calico.com.
Except for the historical information contained herein, some of the
matters discussed in this news release contain forward-looking
statements that involve substantial risks and uncertainties. The
following factors, among others, could cause the Company's actual
results to differ materially from those described in these
forward-looking statements: demand for the Company's products, the
level of service and price competition, the ability of the Company to
develop and market new and existing products, ongoing introduction of
new and enhanced products by competitors, the concentration of revenues
in the last weeks of a given quarter and those other factors described
in the Company's Registration Statement on Form S-1 and other public
reports filed with the Securities and Exchange Commission.
Note to Editors: Calico is a registered trademark of Calico Commerce,
Inc. The Calico eSales Suite is a trademark of Calico Commerce, Inc.
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