Allaire Reports Third Quarter 2000 Financial Results

 
Oct 23, 2000
NEWTON, Mass., Oct. 18 /PRNewswire/ -- Allaire Corporation has reported financial results for the third quarter ended Sept. 30, 2000. Revenue for the quarter was $29.3 million, an increase of 95% from revenue of $15.1 million for the same period in 1999. These revenue results compare to $33.3 million for the quarter ended June 30, 2000.

The company reported an adjusted net loss, which excludes stock based compensation, amortization of goodwill and other intangibles and merger costs, for the third quarter of $4.3 million, or ($0.16) per share, compared to an adjusted net loss of $192,000, or ($0.01) per share, for the same period in 1999. Reported net loss for the third quarter was $4.7 million, or ($0.17) per share, compared to a net loss of $258,000, or ($0.01) per share, for the same period in 1999.

Revenue for the nine months ended Sept. 30, 2000 increased 142% to $89.2 million from $36.8 million for the same period in 1999. Adjusted net loss for the nine months ended Sept. 30, 2000 was $972,000, or ($0.04) per share, compared to an adjusted net loss of $2.9 million, or ($0.13) per share, for the same period in 1999. Reported net loss for the nine months ended Sept. 30, 2000 was $1.9 million, or ($0.07) per share, compared to a net loss of $5.8 million, or ($0.26) per share, for the same period in 1999.

Allaire Reports Third Quarter 2000 Financial Results (Company Sleuth)


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