NetGravity Inc. reported
a third-quarter net loss of $2.8 million, or $0.22 per share, compared to a
net loss of $1.5 million or $0.61 per share ($0.22 per share on a pro forma
basis) for the third quarter of 1997.
The company reported revenues of $3.06 million for the third quarter, up from
revenues of $1.74 million in the same period a year earlier.
For the nine months, the company reported revenues of $7.39 million, up from
$4.49 million for the same period a year earlier. The net loss for the nine
months ended Sept. 30, 1998, was $8.63 million, or $1.17 per share,
compared to a net
loss of $4.41 million or $1.87 per share for prior year period.
“We are extremely pleased with our
performance during the third quarter,” said John Danner, chairman and chief
executive officer of NetGravity. “We remain focused on our mission of
providing leading online advertising and direct marketing management solutions
to content publishers, advertising
agencies, Internet advertising networks and merchants.”
No further explanation was offered, nor did the company give any indication of
when it might attain profitability. NetGravity stock closed at 8 5/16, up
7/16.
