MONE), the first in Intelligent Collaborative
Commerce(TM), announced today results for its second quarter ended December
30, 2000.
For the second quarter ended December 30, 2000, total revenues increased
112% to a record $34.3 million, compared to $16.2 million in the same period
last year. Software license revenues increased 160% to a record $21.8
million in the second quarter ended December 30, 2000, up from $8.4 million
in the same period last year. Software license revenues represented 64% of
total revenues, compared to 52% in the same period last year.
For the second quarter ended December 30, 2000, net income was $2.2 million,
or $0.04 per share, compared to a net loss of $2.1 million, or $0.06 per
share on a pro forma basis, in the same period last year. For the second
quarter, net income, excluding stock-based compensation, was $3.2 million,
or $0.06 per share, compared to a net loss of $1.2 million, or $0.04 per
share on a pro forma basis, in the same period last year.
For the six months ended December 30, 2000, total revenues increased 109% to
a record $62.8 million, compared to $30.0 million in the same period last
year.
Software license revenues increased 152% to a record $39.9 million for the
six months ended December 30, 2000, up from $15.9 million in the same period
last year. Software license revenues represented 64% of total revenues,
compared to 53% in the same period last year.
For the six months ended December 30, 2000, net income was $2.7 million, or
$0.05 per share, compared to a net loss of $3.5 million, or $0.11 per share
on a pro forma basis, in the same period last year. For the six months ended
December 30, 2000, net income, excluding stock-based compensation, was $4.8
million, or $0.10 per share, compared to a net loss of $2.0 million, or
$0.06 per share on a pro forma basis, in the same period last year.
"Our strong growth is a clear validation of the ability of our collaborative
solutions to leverage the potential of the Internet to transform our
customers' businesses," said Mark O'Connell, MatrixOne President and CEO.
"Our eMatrix(TM) platform and new Value Chain Portfolio(TM) applications are
extending the power of collaboration among companies to include their
partners and suppliers, in a growing range of industries, and now in public
and private net markets."
The following milestones were completed or announced since our last
quarterly earnings release on October 25, 2000:
In the second quarter we received significant customer orders from numerous
leading global companies including: Adidas, Applied Materials, General
Electric, Philips CE and Takata.
MatrixOne introduced a powerful new application family called the Value
Chain Portfolio, focused on automating specific business collaboration
processes over the Internet for enterprises and their suppliers and
partners. Among the new additions to the Value Chain Portfolio are Software
Central and Configurator Central.
MatrixOne announced an alliance with PricewaterhouseCoopers, the world's
largest professional services organization, to provide collaborative product
commerce solutions for the telecommunications and semiconductor industries.
MatrixOne unveiled its strategy to add powerful collaboration capabilities
to the buy-sell transactions available through private and public net
markets. With the MatrixOne net market applications, private and public net
markets will be able to offer their communities secure, high value
collaborative business processes. This strategy was quickly validated by the
rapid subsequent announcements of three major net market successes for
MatrixOne.
MatrixOne announced a partnership with e2open(TM), the leading public net
market in the electronics industry. MatrixOne's eMatrix framework and Value
Chain Portfolio applications, coupled with the Ariba B2B Commerce
Platform(TM) will provide key components for e2open's full-service
collaboration network for design, supply chain and commerce for the $1
trillion global electronics industry. This technology agreement will enable
e2open to offer its members the first and only design collaboration and
commerce services, enhancing the visibility of suppliers, OEMs, contract
manufacturers and distributors within the design process, improving product
innovation, reducing time-to-market and overall costs.
MatrixOne and Johnson Controls, Inc. announced a partnership to jointly
develop a private net market solution for automotive suppliers to bring new
levels of design collaboration, communication and management to the entire
supply chain. MatrixOne will incorporate the functionality of Johnson
Controls, Inc.'s current proprietary Advance Quality Planning (AQP) system
into a comprehensive and secure solution that addresses the significant
supply chain challenges facing automotive suppliers.
MatrixOne announced that TranspoLink.com, the industry-sponsored public net
market for communication and collaboration in the U.S. transportation
construction industry, has selected eMatrix as its net market platform to
achieve greater project efficiencies and secure real-time collaboration
between Departments of Transportation (DOTs), prime contractors,
sub-contractors and suppliers specializing in transportation construction.
MatrixOne held its annual Global Customer Conference at Walt Disney World in
Orlando, Florida. The theme of the conference was "Thriving in the B2B
Economy." There were over 700 people in attendance. The customers and
prospects represented some of the largest industrial companies in the world.
Attendees heard numerous success stories presented by our customers and
insights from several leading authors on the B2B economy.
About MatrixOne, Inc.
MatrixOne, Inc. (NASDAQ: MONE) is the first in Intelligent Collaborative
Commerce. The Company's Internet software products provide an infrastructure
for establishing business-to-business collaboration among trusted customers,
suppliers and other business partners, while also enabling secure access to
independent trading communities and applications within private and public
net markets. The eMatrix platform and Value Chain Portfolio applications use
the Internet to link people, processes and information to enable dramatic
improvements in profitability and efficiency throughout the value chain.
MatrixOne has global customers in the high technology, aerospace/defense,
automotive, communications, consumer, mechanical, machinery, medical
equipment and process industries, including General Electric, John Deere,
Procter & Gamble, Nokia, Toshiba, Philips, Siemens, Alcatel, JDS Uniphase
and Honda. These companies are using MatrixOne solutions to enhance their
competitive advantage in the burgeoning business-to-business economy.
Headquartered in Chelmsford, Massachusetts, MatrixOne (www.matrixone.com)
maintains offices in North America, Europe and Asia.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 - Forward-looking statements in this release are not promises or
guarantees and are subject to risks and uncertainties that could cause our
actual results to differ materially from those anticipated. We caution you
not to place undue reliance upon any such forward-looking statements, which
speak only as of the date made. Such statements may relate, among other
things, to our plans, objectives and expected financial and operating
results. Forward-looking statements will also include, without limitation,
any statement relating to future events, conditions or circumstances or
using words such as: will, believe, anticipate, expect, could, may,
estimate, project, plan, predict, or intend. The risks and uncertainties
that may affect forward-looking statements include, among others: the market
may not accept our products; our sales cycle is lengthy and variable; we may
be unable to develop new products and services that keep pace with
technology; we may be unable to develop and maintain successful
relationships with systems integrators and complementary technology vendors,
our international operations are subject to greater business risks than our
domestic operations, future acquisitions may adversely affect our operations
and financial results, we may be unable to manage our rapid growth which
places a significant strain on our resources, and increased competition may
have an adverse effect on pricing, revenues, gross margins and our customer
base. For a more detailed discussion of the risks and uncertainties of our
business, please refer to our periodic reports and registration statements
filed with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the fiscal year ended July 1, 2000.
MATRIXONE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
------------------------------------------
Dec. 30, Jan. 1, Dec. 30, Jan. 1,
2000 2000 2000 2000
------------------------------------------
(unaudited)(unaudited)(unaudited)(unaudited)
Revenues:
Software license $21,817 $ 8,401 $39,927 $15,861
Service 12,474 7,766 22,912 14,187
------- ------- ------- --------
Total revenues 34,291 16,167 62,839 30,048
------- ------- ------- --------
Cost of Revenues:
Software license 2,118 889 3,914 1,894
Service 9,232 6,203 17,184 11,230
(MORE) DOW JONES NEWS 01-24-01
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