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Technology Stocks : NetObjects, Inc. (NETO) -- Ignore unavailable to you. Want to Upgrade?

To: Ken Whiteside who wrote (17)	5/1/1999 11:52:00 PM
From: Mohan Marette	Read Replies (3) \| Respond to of 278

Financials of NetObjects. Ken: Here is a look at the company's financial data at the time of the SEC filing.Looks like these guys are burning cash like a biotech start-up. ========================== Financial Data SUMMARY FINANCIAL DATA PERIOD FROM NOVEMBER 21, 1995 YEAR ENDED THREE MONTHS ENDED (INCEPTION) TO SEPTEMBER 30, DECEMBER 31, SEPTEMBER 30, -------------------- -------------------- 1996 1997 1998 1997 1998 ------------------- --------- --------- --------- --------- (IN THOUSANDS, EXCEPT PER SHARE DATA) STATEMENT OF OPERATIONS DATA: Total revenues..................... $ -- $ 7,567 $ 15,270 $ 2,285 $ 5,617 Cost of revenues................... -- 772 5,093 278 2,083 Gross profit....................... -- 6,795 10,177 2,007 3,534 Operating loss..................... (6,741) (17,564) (20,970) (5,892) (4,094) Nonrecurring interest charge on beneficial conversion feature of convertible debt(2)... -- -- -- -- (3,792) Net loss........................... (6,695) (17,799) (22,224) (6,067) (8,600) Basic and diluted net loss per share applicable to common stockholders(3)........... $ (4.89) $ (10.89) $ (13.11) $ (3.72) $ (4.64) Shares used to compute basic and diluted net loss per share applicable to common stockholders(3).................. 1,370 1,634 1,695 1,633 1,854 DECEMBER 31, 1998 ------------------------- ACTUAL AS ADJUSTED(4) --------- -------------- (IN THOUSANDS) BALANCE SHEET DATA: Cash.................................................. $ 1,288 Working capital (deficit)............................. (23,390) Total assets.......................................... 7,502 Short-term borrowings from IBM and IBM Credit Corp.... (18,813) Long-term obligations, less current portion........... 7,890 Accumulated deficit................................... (55,318) Stockholders' deficit................................. (29,177)