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.
Founded in 1993, BroadVision provides one-to-one relationship management
software applications for e-commerce, intranets, extranets as well as
knowledge management applications for the retail/distribution, financial
services, high technology and telecommunications industries.
