(COMTEX) B: INTERACTIVE INTELLIGENCE REPORTS RECORD REVENUES - UP 119
B: INTERACTIVE INTELLIGENCE REPORTS RECORD REVENUES - UP 119% OVER SAME QUARTER
LAST YEAR AND 112% YEAR OVER YEAR
INDIANAPOLIS, Jan 27, 2000 /PRNewswire via COMTEX/ -- Interactive
Intelligence(R) (Nasdaq: ININ), developer of the interaction management
software solution known as the Enterprise Interaction Center(R) (EIC),
today announced record total revenues of $6.5 million for the quarter
ended December 31, 1999. This represents an increase of 119 percent
over total revenues of $3.0 million in the same quarter a year ago, and
an increase of 25 percent over total revenues of $5.2 million for the
third quarter of 1999. The net loss for the fourth quarter was $918,000
or $0.07 per share. This compares with a net loss of $2.1 million, or
$0.21 per share for the fourth quarter of 1998, and a net loss of $2.0
million or $0.18 per share for the third quarter of 1999. Total
revenues for all of 1999 were $19.1 million, an increase of 112 percent
over total revenues of $9.0 million for all of 1998. The net loss for
all of 1999 was $7.1 million, or $0.62 per share, which compares to a
net loss for 1998 of $7.4 million or $0.84 per share.
(Photo: newscom.com ) Software
license revenues for the fourth quarter of 1999 were up 95 percent from
the corresponding quarter last year, and up 23 percent from the
immediately preceding quarter in 1999. Software license revenues for
all of 1999 were up 86% when compared to software license revenues for
all of 1998.
"We are extremely pleased with the record financial results we achieved
in the fourth quarter and all of 1999," said Dr. Donald E. Brown,
president and chief executive officer. "This was our seventh
consecutive quarter of more than 90 percent top line revenue growth,
year over year. Our new business development continues to accelerate as
evidenced by our recent strategic investment in Interactive Portal, an
application service provider (ASP), and our expansion into Latin
America.
"We are also very pleased at the number of businesses which joined our
growing customer ranks in the fourth quarter. Important additions
included Bridgestone/Firestone, eConvergent, Now Online, the US Customs
Service and TRW. We are particularly pleased that Colfondos, a large
pension fund management company owned by Citibank, became our first
customer in Latin America.
"On the product front, we released e-FAQ, our exciting new e-mail
management product, in December. We also just rolled out an important
upgrade to our flagship product that adds significant new
functionality, allowing us to support a much wider range of e-mail
platforms including Novell Groupwise and Sun/Netscape Messaging Server
(in addition to existing support for Microsoft Exchange Server and
Lotus Notes). This upgrade, EIC 1.3-B, also allows our products to
integrate well with enterprise directory systems such as Microsoft
Active Directory, Sun/Netscape Directory Server, and Novell NDS. We
believe that 2000 will be the 'Year of Directory-enabled Applications,'
and EIC is well positioned to ride that wave."
ABOUT INTERACTIVE INTELLIGENCE, INC. With over 350 installed customer
sites to date, Interactive Intelligence(R) (Nasdaq: ININ) is a leading
developer of interaction management software that allows Enterprises,
Call Centers, and Service Providers to automate virtually every aspect
of their business communications. The company's flagship product,
Enterprise Interaction Center(R) (EIC), is an "all-in-one" Windows
NT-based communications server that replaces proprietary communication
devices such as PBXs, ACDs, IVRs, voice mail systems, fax servers, Web
gateways, and CTI middleware systems. Add-on products include
Interaction Web(TM) (Web chat/collaboration, Web callback, and Voice
Over Net calls), Interaction Recorder(TM) (voice logging), Interaction
Director(TM) (SS7 pre-call routing), and Interaction Dialer(TM)
(predictive dialing). EIC for Service Providers offers support for
large-scale subscriber services including unified messaging, one-number
"follow me", call screening, conferencing, and international call back.
The company also markets e- FAQ(TM), a standalone e-mail response
management solution for organizations of all sizes. Interactive
Intelligence is headquartered in Indianapolis with offices in Los
Angeles, St. Louis, Denver, Atlanta, Boca Raton, Washington D.C.,
Minneapolis, San Francisco, Tokyo, Seoul, Aix-en-Provence (France),
Surrey (U.K.), Reigate (Australia), and Waspik (Netherlands). The
company can be reached at 317-872-3000 or www.ININ.com .
This release contains certain forward-looking statements that involve a
number of risks and uncertainties. Among the factors that could cause
actual results to differ materially, are the following: rapid
technological changes in the industry, volatility in the market price
of the company's common stock; the company's ability to achieve
profitability, to manage successfully its growth and increasingly
complex third party relationships, to maintain successful relationships
with its current and any new resellers, to maintain and improve its
current products and to develop new products and to protect its
proprietary rights adequately; and other factors described in the
company's SEC filings, including the company's Registration Statement
on Form S-1, as amended (Registration No. 333-79509), effective
September 22, 1999, and its quarterly report on Form 10-Q filed with
the Securities and Exchange Commission on November 10, 1999.
Interactive Intelligence, Enterprise Interaction Center, Interaction
Web, Interaction Recorder, Interaction Director, Interaction Dialer,
and e-FAQ are servicemarks or trademarks of Interactive Intelligence,
Inc. All other products and company names should be considered
servicemarks or trademarks of their respective companies.
Interactive Intelligence, Inc.
Condensed Consolidated Balance Sheets
As of December 31, 1999 and 1998
(in thousands)
December 31,
1999 1998
Assets
Current assets:
Cash and cash equivalents $ 2,235 $ 2,021
Short-term investments 12,141 -
Accounts receivable, net 3,578 3,269
Prepaid expenses 513 269
Other current assets 80 75
Total current assets 18,547 5,634
Property and equipment, net 4,472 2,440
Long-term investments 8,989 -
Other assets, net 362 165
Total assets $ 32,370 $ 8,239
Liabilities and shareholders' equity (deficit)
Current liabilities:
Accounts payable and
accrued liabilities $ 1,806 $ 1,597
Accrued compensation and
related expenses 484 265
Deferred revenue 4,988 1,500
Current portion of capital
lease obligations 560 541
Total current liabilities 7,838 3,903
Amounts due shareholder - 8,553
Capital lease obligations,
net of current portion 377 937
Shareholders' equity (deficit):
Common stock 45,913 9,487
Accumulated deficit (21,758) (14,641)
Total shareholders' equity (deficit) 24,155 (5,154)
Total liabilities and shareholders'
equity (deficit) $ 32,370 $ 8,239
Interactive Intelligence, Inc.
Consolidated Statements of Operations
(in thousands, except per share amounts)
Quarter Ended Year Ended
December 31, December 31,
1999 1998 1999 1998
(unaudited)
Revenues:
Software $ 4,834 $ 2,479 $ 14,231 $ 7,662
Services 1,709 505 4,850 1,349
Total revenues 6,543 2,984 19,081 9,011
Costs and expenses:
Costs of software 60 18 194 59
Costs of services 1,763 1,057 5,728 3,381
Sales and marketing 3,005 2,126 10,175 6,623
Research and
development 2,030 1,193 6,967 4,065
General and
administrative 867 453 2,773 1,407
Total costs and expenses 7,725 4,847 25,837 15,535
Operating loss (1,182) (1,863) (6,756) (6,524)
Interest income
(expense), net 264 (202) 361 868
Loss before income taxes (918) (2,065) (7,117) (7,392)
Income taxes - - - -
Net loss $ (918) $ (2,065) $ (7,117) $ (7,392)
Net loss per share:
Basic and diluted $ (0.07) $ (0.21) $ (0.62) $ (0.84)
Shares used to compute
net loss per share:
Basic and diluted 13,812 9,827 11,469 8,816
SOURCE Interactive Intelligence, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Michael J. Tavlin, Chief Financial Officer of Interactive
Intelligence, Inc., 317-715-8325, or miket@ININ.com
/Photo: newscom.com
WEB PAGE: inin.com
GEOGRAPHY: Indiana
INDUSTRY CODE: CPR
TLS
MLM
SUBJECT CODE: ERN
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