Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.





BRACKNELL, UK, (January 23, 2002) - Blue Martini Software, Inc., (Nasdaq: BLUE) today announced financial results for its fourth quarter and year ended December 31, 2001. For its fourth quarter, Blue Martini Software reported revenues of $10.1 million compared to revenues of $11.3 million in the third quarter and $27.5 million reported for the same period last year. On a pro forma basis, excluding the impact of restructuring charges and the amortisation of deferred stock compensation, common stock warrants and intangible assets, Blue Martini Software reported fourth quarter pro forma net loss of $6.4 million, or ($0.10) per share compared to pro forma net loss of $8.5 million, or ($0.13) for the third quarter, and pro forma net loss of $5.2 million, or ($0.09) per share for the fourth quarter of 2000.


For the year ended December 31, 2001, Blue Martini Software reported revenues of $57.5 million as compared to revenues of $74.3 million reported for the year ended December 31, 2000. On a pro forma basis, excluding the impact of restructuring charges and the amortisation of deferred stock compensation, common stock warrants and intangible assets, the company reported for the year ended December 31, 2001 a pro forma net loss $45.9 million or ($0.72) per share as compared to a pro forma net loss of $29.0 million, or ($0.54) per share for the year ended December 31, 2000.


For the fourth quarter, net loss, including restructuring charges and the amortisation of deferred stock compensation, common stock warrants and intangible assets, was $9.2 million, or ($0.14) per share, as compared to a net loss of $15.0 million, or ($0.23) per share, for the third quarter, and a net loss of $14.7 million, or ($0.24) per share, for the fourth quarter of 2000. For the year ended December 31, 2001, net loss, including restructuring charges and the amortisation of deferred stock compensation, common stock warrants and intangible assets, was $69.6 million, or ($1.09) per share, as compared to a net loss of $62.1 million, or ($1.52) per share, for the year ended December 31, 2000.


"Even in a tough economic environment we continue to sign marquee customers who choose our applications based on our proven return on investment and quick time to market," said Monte Zweben, chairman and CEO, Blue Martini Software. "We will continue to conserve our resources judiciously and invest where it makes sense in order to build the next great enterprise software company."



About Blue Martini Software


Blue Martini Software provides eCRM applications for marketing and selling profitably across all channels, including websites, wireless devices, email and stores. Blue Martini applications help customers lower costs and increase revenues by automating content and catalogue management, direct marketing, interactive selling, channel-enablement and customer service. Blue Martini Software serves customer-focused global leaders in retail, manufacturing and consumer goods. Blue Martini Software can be reached at +44 (0) 1344 742 825 or http://www.bluemartini.com .



Contact:



Naomi Green/Natasha Grant
The Weber Group Europe
Tel: 020 7240 6189
ngreen/ngrant@webergroup.co.uk




Alastair Martin
Blue Martini Software
Tel: 01344 747499
amartin@bluemartini.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.