CacheFlow Announces Fourth Quarter and Fiscal Year 2001 Results;
Net sales of $21.5 million, Pro forma net loss of $0.35 per share
16 May 2001—CacheFlow, the leading provider of content-smart networking solutions, today reported results for its fourth quarter and fiscal year ended April 30, 2001.
Net sales were $21.5 million, up slightly from $21.2 million in the prior quarter. Pro forma net loss for the quarter was $14.0 million, or a pro forma net loss of $0.35 per share compared to a net loss of $18.3 million, or a pro forma net loss of $0.49 per share in the prior quarter.
For fiscal year 2001, net sales were $97.7 million, compared to $29.3 million in fiscal 2000. Pro forma net loss was $40.1 million, or a pro forma net loss of $1.12 per share. The company ended the quarter with $84 million in cash and short and long-term investments as compared to $95 million in the prior quarter.
Full details available from: http://www.cacheflow.com
Comments from Nigel Hawthorn, EMEA Marketing Director:
“Few companies are boasting increased revenues at the moment. But our enterprise business is growing well, now at 70% of our revenues. Europe's business held up well, at 27% of company revenues, and our results compare favourably with our competitors where Network Appliance yesterday announced sales drop of 22% quarter on quarter and Inktomi's most recent figures showed a 70% decline in caching revenues. This suggests pretty strongly that we’re doing something right and that customers who wish to deploy streaming technologies, save WAN bandwidth, improve employee productivity and filter undesirable web-traffic, are coming to us first.
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