This may come as a surprise to some disciples of the prohet ahhaha:
eXcelon's revenues for the quarter ending Dec. 31 are now expected to be in the range of $14.5 million and $15.5 million, while losses will be between 23
cents and 26 cents a diluted share, Bob Goldman, eXcelon's chairman and chief executive, said in a conference call on Tuesday.
A survey of financial analysts estimated fourth-quarter losses of 4 cents a share, according to First Call/Thomson Financial.
"We closed no large deals in the quarter," said Goldman, who added that the period's largest sale was $500,000.
eXcelon's fourth-quarter database management revenues will be $5.8 million, rather than $7.5 million, and B2B revenue will be halved to $2.6 million from the
expected $5.2 million.
"We saw really for the first time in five to six quarters, no deal over $1 million in the telco space," Goldman said.
"Many of the dot-coms have gone away for good," along with up to $1.5 million in expected fourth-quarter sales, he said.
In addition, deals with Amazon.com, department stores and grocery chains shrank or languished while sales to financial services and insurance companies
remain in the pipeline.
Who wants to step up and say this is an OK result? Even to the most complacent, it might raise some questions about the company's strategies.
And without being alarmist, the company can't afford to burn cash this fast for very long. |
