Replay of Earnings Conference call is available on their website.
Nice stuff. Good growth in business; average revenue per customer; Nice set of follow on products coming.
Following News Release was issued tonight...
+++++++++++++
Thursday January 27, 6:59 pm Eastern Time
Company Press Release
The Cobalt Group Issues Clarification
SEATTLE--(BUSINESS WIRE)--Jan. 27, 2000--The Cobalt Group, Inc. (Nasdaq:CBLT - news) today sought clarification regarding an ON24, Inc. (www.ON24.com) report on Wednesday, Jan. 26, 2000, following Cobalt's release of its fourth quarter 1999 financial results.
For the fourth quarter of 1999, The Cobalt Group reported a net loss of $4.8 million, or $0.29 per share, beating First Call consensus estimates of a loss of $0.33 per share.
About the Cobalt Group
The Cobalt Group(TM) (Nasdaq:CBLT - news), based in Seattle, is a leading provider of Internet-based products and services for the automotive industry. Through Internet-based application development and hosting, data management, and online car referral services, Cobalt helps dealers, dealer groups and automobile manufacturers harness the power of the Internet to realize new efficiencies, win new prospects and better serve their customers.
With approximately 5,200 dealer Web site clients, over 10,000 dealers using its parts locating system, and relationships with 16 automotive manufacturers and more than 50 of the 100 largest dealer groups in the United States, Cobalt is one of the leading technology companies serving the automotive industry. Cobalt operates MotorPlace.com(TM) (www.motorplace.com), a business-to-business vertical portal for the automotive industry; DealerNet© (www.dealernet.com), one of the best-known automotive destination sites on the Web; and PartsVoice© (www.partsvoice.com), a leading OEM auto parts locating and data management service.
Cobalt offers Web site services that are endorsed by the National Automobile Dealers Association.
For more information, please visit The Cobalt Group at cobaltgroup.com
Cobalt, The Cobalt Group, DealerNet, PartsVoice, IntegraLink, AdWizard, and MotorPlace.com are trademarks of The Cobalt Group, Inc. All other trademarks are the property of their respective owners. |
