BroadVision Cites Momentum, But Posts Loss for Year
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BroadVision Inc., a supplier of one-to-one relationship marketing management applications, reported a net loss for the fourth quarter of $1.1 million, or $0.05 per share, compared to net loss of $3.6 million, or $0.18 per share, in the year-earlier quarter.
Revenues for the quarter were $8.6 million, a 111% increase over revenues of $4.1 million in the fourth quarter of 1996. For the year ended Dec. 31, revenues were $27.1 million, a 149% increase over the $10.9 million reported for the year ended 1996. The net loss was $7.4 million, or $0.36 per share, compared to a loss of $10.1 million, or $0.54 per share, in the prior year.
"We are very satisfied with the results of the fourth quarter of '97 and fiscal '97 as a whole. We are especially pleased to see our momentum building in the marketplace," said Pehong Chen, president and CEO of Redwood City, CA- based BroadVision.
During the quarter, BroadVision said it signed 33 new licensed customers, including six partner organizations, bringing the total installed base to 153 licensed customers worldwide.