MARIMBA ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2000 RESULTS Thursday 18 January 2001 PDF Print Fourth-Quarter Proforma Diluted Loss Per Share of $0.07 on $11.3 Million in Total Revenues Marimba, Inc, a leading provider of Internet infrastructure management solutions, today announced financial results for the fourth quarter and full year ended December 31, 2000. Fourth-quarter revenues were $11.3 million, up 12 percent from $10.1 million for the same period last year. Excluding $575,000 of amortisation expense for deferred stock compensation, diluted net loss for the fourth quarter of 2000 would have been $1.7 million, or a loss of 7 cents per share. Excluding $365,000 of amortisation expense, diluted net loss per share for the fourth quarter of 1999 would have been $138,000, or a loss of 1 cent per share. Including amortisation expense, net loss for the fourth quarter of 2000 was $2.3 million, or a diluted net loss of 10 cents per share, compared with a net loss of $503,000, or a diluted net loss of 2 cents per share, for the same period a year earlier. For full-year 2000, total revenues reached $44.0 million, up 40 percent from revenues of $31.4 million for 1999. Excluding amortisation expense for deferred stock compensation and other non-operating charges, diluted net loss for 2000 would have been $4.2 million, or a loss of 18 cents per share. On the same basis, diluted net loss for 1999 would have been $2.8 million, or a loss of 15 cents per share. Including amortisation expense and other non-operating charges, net loss for 2000 was $9.7 million, or a diluted net loss of 42 cents per share, compared with a net loss of $4.2 million, or a diluted net loss of 22 cents per share, for 1999. "We're encouraged by our overall revenue growth for the quarter, despite the slowdown in the economy," said John Olsen, president and chief executive officer. "In addition, we continue to execute our strategic plan for renewed investment in the business. As part of this plan, we've doubled our quota-bearing sales personnel since the second quarter. Additionally, we are currently refining Marimba's product roadmap to anticipate and respond to market needs. We believe that Marimba is positioned for a successful 2001," Olsen said. New Marimba customers during the fourth quarter included Barclays Global Investors, Columbia HCA Healthcare, Medtronic, Net Ledger, ParentWatch, Safeguard Scientific, and Well Point Health Networks/Blue Cross. Repeat customers included Exodus Communications, Pfizer and Rhythms NetConnections. Marimba has scheduled a conference call for today at 1:45 p.m. PT/4:45 p.m. ET to discuss its financial results for the fourth quarter. Those interested in participating are invited to call 719-457-2633, passcode 546595, approximately 10 minutes prior to the start of the teleconference. In addition, there will be a replay available for one week at 719-457-0820, passcode 546595. An archived Webcast of the call may be accessed at approximately 5:00 p.m. PT/8:00 p.m. today on Marimba's Web site at http://www.marimba.com/company/conference-call.htm and will be available through January 24, 2001. In a separate release issued today, Marimba announced the appointment of two new executives. See news release dated January 17, 2001, "Marimba Announces Two Additions to its Executive Team." About Marimba Marimba is a leading provider of Internet infrastructure management solutions, enabling companies to leverage the Internet to deliver more powerful and cost-effective content, applications and services to their customers, employees and business partners. From Timbale for servers, to Castanet for desktops, and UpdateNow for devices, Marimba provides management solutions for the full range of Internet computing models. Marimba's Managed Service Provider (MSP) Division, Marimba.net, provides content delivery, performance monitoring and reporting services that are accessed over the Internet and sold on a subscription basis. Marimba and Marimba.net are headquartered in Mountain View, California, and can be reached at +44 118 949 7060, or via email at email@example.com or firstname.lastname@example.org For more information visit our Web sites at http://www.marimba.com and http://www.marimba.net This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by this section. These forward-looking statements include statements regarding an industry-wide slowdown in IT spending, Marimba's execution of its strategic plan, Marimba's refinement of its product roadmap and its positioning for 2001. The results expected by the forward-looking statements in this announcement are subject to a number of risks and uncertainties, including: the ability of Marimba to effectively manage its costs against uncertain revenue expectations, the potential for a decrease in net revenue which may be caused by delays in the timing of sales and the delivery of products or services, fluctuations in customer and market demand, challenges associated with growing the company, Marimba's need to retain key personnel, Marimba's dependence on the success of its Castanet product family and increasing market acceptance of its Timbale product family and Marimba.net service offering, competition from other vendors, Marimba's need to increase third-party distribution and other reseller relationships, the operational, technical and strategic challenges Marimba faces in developing new products (which may affect its ability to release new products on schedule and the degree to which the products are accepted by customers), and general economic, technological and market conditions, which could affect the level of demand for Internet infrastructure management solutions in general and Marimba's products in particular. Actual results may differ materially from the results anticipated by these forward-looking statements due to the factors listed above and other factors. The matters discussed in this announcement also involve risks and uncertainties described from time to time in Marimba's filings with the Securities and Exchange Commission (SEC). In particular, see the Risk Factors described in Marimba's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as submitted to the SEC and as may be updated or amended with future filings or submissions. Marimba undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this announcement that may reflect events or circumstances occurring after the date of this announcement. Marimba, Castanet and UpdateNow are registered trademarks, and Timbale and Marimba.net are trademarks, of Marimba, Inc. in the U.S. and/or certain ther countries. Other product, trademark, company or service names mentioned herein are the property of their respective owners. Jenny Holt AxiCom UK Direct: +44 (0)20 8600 4651 Mobile: +44 (0)7730 438 762 Email: email@example.com Cambridge House, Cambridge Grove, London W6 0LE T: +44 (0)20 8600 4600 F: +44 (0)20 8600 4620 This press release was distributed by ResponseSource Press Release Wire on behalf of AxiCom in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.