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

To: Eman03 who wrote (787)	5/25/1999 9:25:00 AM
From: lindalib	Respond to of 2908

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. ''We are very pleased with our overall performance in the first quarter,'' said Steven Snyder, president and chief executive officer. ''The results represent strong execution across all functions of the company as we continue to build our leadership position and momentum in the e-commerce personalization marketplace.'' 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.