SPWX selling at 50% of NUAN
Beginning a position in SPWX
Comparison of NUAN and SPWX:
Total expenses for the quarter, comprised of cost of services and
operating expenses, were $18.7 million, including $1.1 million of non-cash
compensation expense. These expenses reflect continued investment in all
areas of Nuance's business, and are up from the $8.5 million spent in the same
period last year. The net loss for the quarter was $5.7 million, or $0.20 per
share, compared with a net loss of $3.8 million, or $0.21 per share, for same
period last year. Excluding the effect of non-cash compensation expense, the
net loss per share for the period was $0.16. The company has $100.1 million
in cash and short-term investments as of June 30, 2000.
SPWX:
BOSTON--(BUSINESS WIRE)--Aug. 10, 2000--SpeechWorks International, Inc. (Nasdaq: SPWX - news), the market leader in the telephony-based speech technology industry(a), which completed its initial public offering on August 4, today reported revenues of $6.0 million for the three months ended June 30, 2000, representing a 58.6% increase over revenues of $3.8 million over the year earlier period. For the six-month period ended June 30, 2000, revenues totaled $11.1 million, a 56.7% increase over the same period in 1999.
Product license revenues for the second quarter of 2000 grew 163.6% to $2.8 million, from $1.1 million for the same period last year, and represented 46.0% of total revenues compared to 27.7% in the second quarter of last year. For the six-month period ended June 30, 2000, product license revenues totaled $5.4 million, a 286.2% increase over the same period in 1999, and represented 48.4% of total revenues in 2000, compared to 19.7% during the first two quarters of 1999.
Professional services revenue for the second quarter of 2000 increased 44.4% to $2.4 million, from $1.6 million in the second quarter of last year, and represented 39.1% of total revenues compared to 43.0% in the same period last year. For the six-month period ended June 30, 2000, professional services revenue totaled $4.5 million, a 65.3% increase from $2.7 million in the same period in 1999, and represented 40.7% and 38.6% of total revenues for the six months ended June 30, 2000 and 1999, respectively.
Other revenue, which includes the resale of hardware products, decreased to $892,000 in the second quarter of 2000, from $1.1 million in the second quarter of 1999, and represented 14.8% and 29.3% of total revenues in the three months ended June 30, 2000 and 1999, respectively. For the six months ended June 30, 2000, other revenue totaled $1.2 million, or 10.9% of total revenue, compared to $3.0 million, or 41.8% of total revenue, for the six months ended June 30, 1999.
The net loss for the three months ended June 30, 2000, excluding non-cash charges related to stock compensation, was $6.6 million, or $0.29 per share on a pro forma basis, compared to $2.6 million, or $0.15 per share on a pro forma basis, for the three months ended June 30, 1999. For the six-month period ended June 30, 2000, the pro forma net loss, excluding non-cash charges related to stock compensation, totaled $12.3 million, or $0.59 per share on a pro forma basis, compared to a loss of $5.1 million, or $0.32 per share on a pro forma basis, in the same period in 1999. The net loss for the quarter was $7.3 million, or $0.32 per share on a pro forma basis, compared to a net loss of $2.7 million, or $0.16 per share on a pro forma basis, for the second quarter last year. For the six-month period ended June 30, 2000 the net loss totaled $13.4 million, or $0.64 per share on a pro forma basis, compared to $5.1 million, or $0.32 per share on a pro forma basis, for the same period in 1999.
Fred |
