Earnings ------------- >
Tuesday January 25, 5:28 pm Eastern Time
Commerce One Q4 results
WALNUT CREEK, Jan 25 (Reuters) -
(In thousands, except per share data)
Three months ended
December 31, September 30, December 31,
1999 1999 1998
----------- ------------ -----------
unaudited
Revenues:
License fees $ 13,067 $ 7,778 $ 678
Services 3,821 2,585 336
----------- ------------ -----------
Total revenues 16,888 10,363 1,014
Cost of revenues:
License fees 206 278 --
Services 6,332 4,490 1,382
----------- ------------ -----------
Total cost of revenues 6,538 4,768 1,382
----------- ------------ -----------
Gross profit (loss) 10,350 5,595 (368)
----------- ------------ -----------
Operating expenses:
Sales and marketing 11,789 9,361 3,895
Product development 8,172 5,353 2,464
General and
administrative 2,074 1,226 615
----------- ------------ -----------
Total operating expenses 22,035 15,940 6,974
Loss before interest,
tax and amortization (11,685) (10,345) (7,342)
----------- ------------ -----------
Purchased in-process
research and development 6,337 -- --
Amortization of deferred
stock compensation 545 531 429
Amortization of
goodwill and other
intangible assets 8,156 1,053 --
----------- ------------ -----------
15,038 1,584 429
Loss before
interest and tax (26,723) (11,929) (7,771)
----------- ------------ -----------
Interest income, net 1,496 1,573 144
Provision for income taxes 3,602 -- --
----------- ------------ -----------
Net loss $ (28,829) $ (10,356) $ (7,627)
=========== ============ ===========
Pro forma basic and
diluted net loss
per share $ (0.40) $ (0.15) $ (0.21)
=========== ============ ===========
Shares used in
calculation of
net loss per share 72,480 69,708 36,682
=========== ============ ===========
Net loss per share
before interest,
tax and amortization $ (0.16) $ (0.15) $ (0.20)
=========== ============ ===========
Twelve months ended
December 31, December 31,
1999 1998
----------- -----------
Revenues:
License fees $ 24,571 $ 1,633
Services 8,986 930
----------- -----------
Total revenues 33,557 2,563
Cost of revenues:
License fees 484 --
Services 15,586 4,369
----------- -----------
Total cost of revenues 16,070 4,369
----------- -----------
Gross profit (loss) 17,487 (1,806)
----------- -----------
Operating expenses:
Sales and marketing 31,547 13,108
Product development 20,496 6,839
General and administrative 5,050 1,941
----------- -----------
Total operating expenses 57,093 21,888
Loss before interest,
tax and amortization (39,606) (23,694)
----------- -----------
Purchased in-process
research and development 9,374 --
Amortization of deferred
stock compensation 2,323 1,102
Amortization of goodwill
and other intangible assets 11,133 --
----------- -----------
22,830 1,102
----------- -----------
Loss before interest and tax (62,436) (24,796)
----------- -----------
Interest income, net 3,302 156
Provision for income taxes 4,188 --
----------- -----------
Net loss $ (63,322) $ (24,640)
=========== ===========
Pro forma basic and
diluted net loss per share $ (1.06) $ (0.87)
=========== ===========
Shares used in calculation
of net loss per share 59,562 28,407
=========== ===========
Net loss per share before
interest, tax and amortization $ (0.66) $ (0.83)
biz.yahoo.com |
