E-commerce software marketer Open Market Inc. posted a second quarter
net loss of $1.9 million or $0.05 per share, compared to a net loss of $11.1
million or $0.34 per share for the same period last year.
Net revenues were $18.6 million, compared to net revenues of $16.5 million
for the
second quarter of 1998.
Internet commerce-related revenues for the quarter were $15.6 million, an
increase of 32 percent, compared to revenue of $11.8 million for the second quarter
of 1998.
For the six months ended June 30, total revenues were $34.1 million compared
to $31.7 million for the same period a year earlier. Net loss for the six
months was $5.2 million or $0.14 per share, compared to a net loss of $17
million or $0.53 per share, a year ago.
“This is the best quarter in our company’s history,” said Gary Eichhorn,
president and CEO of Open Market. “This is a record quarter for Internet
commerce-related revenue. We are also very encouraged by the growth we
continue to see in our core Internet commerce business. We are expanding our
channels and seeing sales cycles begin to shorten.”
Open Market moved to focus its resources on Internet commerce in June. The
company said it has more than 10,000 merchants live and more than 25,000
merchant licenses sold. The company also introduced an enhanced version of
its ShopSite Internet storefront building software product, ShopSite 4, as well as a new version of
ShopSite TX for the Linux platform.
During the second quarter, Open Market also signed 22 new Internet service
providers to re-sell its ShopSite products.
