INTERNET--(esecurities.W)--May 13, 1999 - (AFTER THE BELL) MPTH Q1 <$1.89> EPS; What will Make WeCanTalk.com Scream.
Mpath Interactive Announces First Quarter Financial Results
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 13, 1999--Mpath Interactive, Inc. (Nasdaq: MPTH - news), today reported revenue of $2.1 million for the first quarter ended March 31, 1999 compared to $1.5 million for the same period last year. The Company had a net loss of $6.0 million for the quarter, or $1.89 per share compared to $3.4 million, or $1.73 per share in the first quarter of 1998.
The Company's Live Communities division accounted for $1.1 million in revenues for the first quarter ended March 31, 1999, compared to $0.3 million for the same period last year. Revenues for the Company's Mpath Foundation were $1.0 million for the first quarter ended March 31, 1999 compared to $1.1 million for the same period last year.
*On April 29, 1999, the Company completed its initial public offering through which it sold 3,900,000 shares of common stock for gross proceeds of $70,200,000.
About Mpath Interactive, Inc.
Mpath Interactive, Inc. (Nasdaq: MPTH - news) is a publicly traded company that develops, licenses and operates technologies that enable Internet sites to create and manage live communities characterized by real-time interaction among multiple simultaneous users. The Company also operates its own live communities, Mplayer.com(tm) and HearMe.com(tm) serving over 3 million registered users with over 80,000 unique daily visitors generating over 300 minutes of average monthly usage per visitor as of March 1999..." [emphasis added]
SOURCE: © 1999 Thursday May 13, 4:11 pm Eastern Time
Company Press Release
biz.yahoo.com
*...as we said...spin-off ThrustMaster MotorSports [non-Internet Telephony hardware div]....rename Co. WeCanTalk.com...hire away top Internet telephony marketing people with substantive b/g in Internet Telephony/Internet alliances e.g. at IDTC, MPTH...IPO WeCanTalk.com...have a warchest of $100-$150M (incl. ThrustMaster spin-off)...(.)
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