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.
More about:
Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceThe Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...
View resourceMaking forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...
View resourceEight fresh launches this week — spanning viral food mash-ups, brand reinventions, and nostalgia-fueled creative. Read More...
View articleA J.Crew storefront sign in New York City. From Ivy League Catalogs to Chapter 11 A Preppy Phenomenon Is Born J.Crew launche...
View articleAs healthcare apparel evolves beyond basic uniforms to premium lifestyle products, FIGS leads with purpose-driven branding and global ambitions—but me...
View articleRetailers are building media empires, creators are becoming sales channels, and brands that connect the two are redefining how products get discovered...
View articleA Holistic Approach to Measuring DTC Success Beyond Amazon Read More...
View articleAdobe’s 2024 results showcase the power of subscriptions, but the model’s challenges are prompting businesses to rethink how they deliver value and re...
View articleEven retail giant Amazon needs a little Hollywood magic during the holiday season. Read More...
View articleCannes Lions, where the advertising world's most daring minds gather to redefine the rules of engagement. This year, a new creative order has emerged,...
View article
Leave a Reply
You must be logged in to post a comment.