Scotts Valley, CA-based Site Technologies Inc. reported a first
quarter net loss of $1.2 million or $0.15 per share compared to a net loss of
$2.5 million or $1.01 per share in the same period in 1997.
Revenues for the quarter ended March 31, 1998 decreased approximately 83% to
$170,000 compared to $1.02 million in the same period in 1997.
The overall revenue decrease was primarily attributable to the June 1997
disposition of the DeltaGraph product line (a non-Internet product), which
accounted for $607,000 in revenue for the first quarter of 1997 for which no
corresponding revenue was earned in the first quarter in 1998.
Internet product revenues for the first quarter of 1998 increased
approximately 83% to $168,000 compared to $92,000 for the fourth quarter of
1997. This increase was primarily a result of the company’s execution of its
business plan, which was to increase the focus of marketing and sales
resources on Internet technologies and products, executives said.
The company released two new products in the first quarter: QuickSite 3.0,
targeted at the Individual and Small Office/Home Office users market, and
SiteMaster 4.0, targeted at teams of Web site developers in the Small-to-
Medium business and Enterprise Departmental markets.
Site Technologies (formerly DeltaPoint, Inc.) provides Web site development,
management, and maintenance tools for Web-based business environments.