Analytics firm Omniture has filed for a $120 million initial public offering. And it isn’t even profitable. In 2005, the firm brought in $42.8 million in revenues, for a loss of $17.4 million.
The filing contains a few tidbits on Omniture’s settlement of a patent lawsuit filed by NetRatings.
In February 2006, we entered into a settlement and patent license agreement with NetRatings, Inc. The agreement requires us to make license payments of $10.0 million, $1.5 million of which we have previously paid and the balance of which is payable in quarterly installments of $1.5 million in 2006 and of $1.0 million in 2007. In addition, we will be required to make a license payment of $4.0 million following the closing of this offering. In the event that we acquire certain specified companies, we may be required to make additional license payments based on the web analytics revenues of the acquired company.
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