Company Press Release
SOURCE: Net Perceptions, Inc.
Net Perceptions, Inc. Reports First
Quarter Revenue Up 183%
MINNEAPOLIS, May 24 /PRNewswire/ -- Net Perceptions, Inc. (Nasdaq: NETP - news) today
announced its financial results for the first fiscal quarter ended March 31, 1999. Total revenues for the
first quarter of 1999 increased 183 percent to approximately $1.9 million from revenues of approximately
$670,000 for the same period in 1998. The net loss for the quarter ended March 31, 1999 was
approximately $2.9 million compared to approximately $876,000 for the same period in 1998, including
amortization of deferred stock compensation of $503,000 and $7,000 in the first quarters of 1999 and
1998, respectively. Pro forma basic and diluted net loss per share was $0.19 for the quarter ended
March 31, 1999, compared to a net loss of $0.07 per share in the first quarter of 1998. |
