More NewsNetGravity Posts 1Q Loss of $3.75 Million

NetGravity Posts 1Q Loss of $3.75 Million

San Mateo, CA-based NetGravity Inc. reported a net loss forthe first quarter ending March 31 of $3.75 million, or $0.28 per share,compared to a net loss of $2.8 million or $0.93 per share for the firstquarter of 1998.

San Mateo, CA-based NetGravity Inc. reported a net loss for the first quarter ending March 31 of $3.75 million, or $0.28 per share, compared to a net loss of $2.8 million or $0.93 per share for the first quarter of 1998.

The company reported revenues of $4.57 million for the first quarter, up from revenues of $2.0 million reported for the first quarter of 1998.

During the first quarter of 1999 the company completed a secondary public offering of 4,080,000 shares of its common stock for net proceeds of approximately $120.4 million, after deducting underwriting discounts, commissions and other expenses.

“We have had another strong quarter across the board in each of our target market segments–Web publishers, advertising agencies and e-commerce sites–while we have continued our planned investments in new products and services,” said John Danner, chairman and chief executive officer of NetGravity. “We are extremely pleased with the high level of activity this early in the year and remain focused on our mission of providing leading online advertising and direct marketing management solutions.”

There was no word on when the company might reach profitability. NetGravity is a provider of online advertising and direct marketing solutions to manage, target and analyze online campaigns.

Related Articles

The future of retail: How IoT is transforming the retail industry

Digital Transformation The future of retail: How IoT is transforming the retail industry

2w Diana Maltseva
GDPR: The role of technology in data compliance

Data & Analytics GDPR: The role of technology in data compliance

7m Clark Boyd
What companies can learn from the We-Vibe lawsuit about the Internet of Things

Legal & Regulatory What companies can learn from the We-Vibe lawsuit about the Internet of Things

1y Al Roberts
Has advertising arrived on Google Home?

Media Has advertising arrived on Google Home?

1y Al Roberts
Target is the top retail digital marketer, so why is it struggling?

Ecommerce Target is the top retail digital marketer, so why is it struggling?

1y Al Roberts
YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

More News YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

1y Al Roberts
YouTube is getting rid of 30-second unskippable pre-roll ads

Ad Industry Metrics YouTube is getting rid of 30-second unskippable pre-roll ads

1y Al Roberts
Is Twitter slowly dying?

More News Is Twitter slowly dying?

1y Al Roberts