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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (738)	5/24/1999 6:32:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 2908

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.>> ---------------------------------------------------------------------- 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

To: SecularBull who wrote (738)	5/24/1999 8:38:00 PM
From: stockman_scott	Respond to of 2908

<<During the first quarter, Net Perceptions continued to expand its client list, adding 17 new license customers, including Dean and Deluca, Micron Electronics and Virgin Megastore Online. This brings the total Net Perceptions customer base to more than 85 accounts worldwide. In addition, Net Perceptions entered into product distribution agreements with Futurelink Distribution Corporation, Media Serve, Inc. and Net Force, Inc.>> LoD: I am glad to see that NETP is rapidly adding new online customers from multiple industries. It's quite interesting that Micron is a customer. Of course I would much rather have DELL as a new client in the hardware space..<GG>. Who knows, NETP could be negotiating with them as I type. I may have to email MSD and ask about DELL's future efforts to personalize and use targeted recommendations..!! Best Regards, Scott