Wednesday July 12, 4:06 pm Eastern Time
Company Press Release
SOURCE: Ariba, Inc.
Ariba Announces Record Third Quarter Revenues of $80.7 Million, Up 578%
Net Loss Per Share $0.05, Beats First Call Estimates
ARIBA, INC. INCOME STATEMENTS
(in thousands, except per share data)
(unaudited)
Three Months Ended Nine Months Ended
June 30, June 30,
2000 1999 2000 1999
Revenues:
License $53,574 $6,439 $95,545 $16,939
Maintenance and
service 27,091 5,454 48,641 11,292
Total revenues 80,665 11,893 144,186 28,231
Cost of revenues 13,993 2,444 23,882 5,203
Gross profit 66,672 9,449 120,304 23,028
Operating expenses:
Sales and
marketing 65,595 9,796 121,616 21,098
Research and
development 10,771 3,462 22,338 7,311
General and
administrative 6,442 2,396 13,963 5,094
Total operating
expenses 82,808 15,654 157,917 33,503
Loss before
amortization,
other income
and taxes (16,136) (6,205) (37,613) (10,475)
Goodwill and other
intangibles 290,392 -- 388,679 --
In-process
research
and development -- -- 12,750 --
Business partner
warrants 13,575 -- 13,575 --
Stock-based
compensation 1,868 5,285 9,958 9,330
Loss before
other income
and taxes (321,971) (11,490) (462,575) (19,805)
Other income, net 5,245 197 10,017 384
Provision for
income taxes (433) -- (875) --
Net loss $(317,159) $(11,293) $(453,433) $(19,421)
Basic and diluted
net loss per share $(1.45) $(0.21) $(2.46) $(0.45)
Shares used in
computing basic
and diluted net
loss per share 218,478 52,626 184,566 43,394
Excluding amortization:
Net loss $(11,324) $(6,008) $(28,471) $(10,091)
Basic and diluted
net loss per share $(0.05) $(0.11) $(0.15) $(0.23)
ARIBA, INC. BALANCE SHEETS
(in thousands)
(unaudited)
June 30, September 30,
2000 1999
ASSETS
Current assets:
Cash, cash equivalents and
short-term investments $215,407 $98,152
Restricted cash 27,980 800
Accounts receivable, net 43,969 5,157
Prepaid expenses and
other current assets 11,025 1,936
Total current assets 298,381 106,045
Property and equipment, net 32,093 9,402
Long-term investments 94,768 54,288
Other assets 398 286
Goodwill and other intangibles, net 3,145,330 --
Total assets $3,570,970 $170,021
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $9,048 $3,846
Accrued compensation
and related liabilities 43,928 6,959
Accrued liabilities 25,019 4,834
Deferred revenue 153,670 30,733
Current portion of long-term debt 582 685
Total current liabilities 232,247 47,057
Long-term debt, net of current portion 533 781
Total liabilities 232,780 47,838
Stockholders' equity:
Common stock 476 364
Additional paid-in capital 3,850,159 191,150
Deferred stock-based
compensation (13,386) (24,178)
Accumulated other
comprehensive loss (694) (221)
Accumulated deficit (498,365) (44,932)
Total stockholders' equity 3,338,190 122,183
Total liabilities and
stockholders' equity $3,570,970 $170,021
SOURCE: Ariba, Inc. |
