More on NETP from Yahoo Finance...FYI...
<<Monday May 24, 5:44 pm Eastern Time
Net Perceptions Q1 full results
MINNEAPOLIS, May 24 (Reuters) -
Net Perceptions Inc.
Condensed Statement of Operations
(in thousands, except share and per share amounts)
Three Mos Three Mos
Ended Ended
Mar 31, Mar 31,
1999 1998
(Unaudited) (Unaudited)
Revenues:
Product $1,561 $617
Service and maintenance 334 53
Total revenues 1,895 670
Cost of revenues:
Product 36 6
Service and maintenance 313 35
Total cost of revenues 349 41
Gross margin 1,546 629
Operating expenses:
Sales and marketing 1,737 932
Research and development 1,536 368
General and administrative 574 226
Stock compensation expense 503 7
Total operating expenses 4,350 1,533
Loss from operations (2,804) (904)
Other income (expense), net (72) 28
Net loss (2,876) (876)
Net loss per share:
Basic and diluted (0.64) (0.31)
Shares used in computing basic
and diluted net loss per share 4,518,784 2,839,996
Unaudited pro forma basic and diluted
net loss per share (0.19) (0.07)
Shares used in computing unaudited
pro forma basic and diluted
net loss per share 15,187,484 13,102,617
NOTE: On April 23, Net Perceptions completed an initial public
offering of 3.65 million shares of common stock at $14 per
share, raising $47.52 million in net proceeds after payment of
estimated offering expenses.
On May 20, Net Perception's investment bankers exercised the
over-allotment of 547,000 shares, which will generate more than
$7 million of additional capital.
Concurrent with the closing of the initial public offering,
all outstanding shares of preferred stock were converted into
common stock.
Pro forma net loss per share figures presented above have
therefore been presented to reflect all preferred shares as if
they were converted to common shares at the time of issuance.>>
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LoD: Now we'll have to let out friendly analysts put things in perspective for us <GG>...I was impressed with NETP's sales growth and penetration of the new call center market. If "the loss" is explained properly we should be in good shape. This company is aggressively investing to fully leverage future opportunities. We'll soon see what some of those "Blue Horshoes" in the brokerage firms have to say about NETP..!! I continue to bet on the stock in a BIG way.
Best Regards,
Scott |
