SAN JOSE, Calif., July 1 /PRNewswire-FirstCall/ --
BackWeb Technologies (Nasdaq: BWEB), the leading provider of ProactivePortal(TM) technologies for the enterprise, today announced that it expects revenue for the second quarter, ended June 30, 2002, to be between $1.6 million and $1.9 million. Net loss per share for the second quarter is expected to be between ($0.11) and ($0.14) (excluding amortization charges related to intellectual property, other intangibles and deferred stock compensation).
"Our second quarter results were impacted by delays in the closure of a number of deals, resulting from the continued weakness in the general business environment," said Eli Barkat, chairman and CEO of BackWeb Technologies. "The interest ramp and opportunity pipeline for our ProactivePortal Server remains strong, and we expect to close more ProactivePortal Server deals during the second half of fiscal 2002."
July 22 Conference Call Information
BackWeb will be releasing its full results for the second quarter 2002 on Monday, July 22 after the market close. A conference call will be held on Monday, July 22 at 2:00 p.m. Pacific Time. Those wishing to join should dial 415-228-5009, passcode "BackWeb" at approximately 1:45 p.m. A live webcast of the conference call will also be available via the company's website at www.backweb.com. A replay of the call will be available starting one hour after the completion of the call until July 29, 2002. To access the replay, please dial 402-998-0628.
About BackWeb Technologies
BackWeb Technologies provides ProactivePortal technologies that enable organizations to maximize their portal content investment by prioritizing, delivering and ensuring the receipt of critical information to their extended enterprise of customers, suppliers, partners and employees. BackWeb customers such as Cisco, Hewlett-Packard, Ericsson and IBM have deployed BackWeb(R) content delivery technology to manage critical content communications with customers, partners and associates. BackWeb has several strategic alliances with consulting and technology firms including IBM, Pricewaterhouse Coopers and SAP among others. BackWeb Technologies is headquartered in San Jose, California, and Ramat-Gan, Israel. For more information, visit our web site at www.backweb.com or call 800-863-0100.NOTE: BackWeb is a registered trademark and ProactivePortal is a trademark of BackWeb Technologies. All other trademarks are property of their respective owners.
Safe Harbor Statement
The foregoing contains forward-looking statements within the meaning of the U.S. federal securities laws. The forward looking statements include, but are not limited to, those regarding the Company's expected results for the quarter ended June 30, 2002, anticipated sales of the Company's Proactive Portal Server, the continued interest of potential customers in the Company's products, the Company's ability to convert interest into opportunities, the size of potential deals for the Company, the Company's ability to close deals, the timing of the closure of deals and the Company's ability to convert leads into sales. Actual results could differ materially from that predicted in the forward-looking statements.
The financial results to be reported by BackWeb for its second quarter are subject to the further review of the revenue recognized under BackWeb's accounting policies, typical quarterly adjustments by the Company, application of generally accepted accounting principles to the actual results, review of such results by the Company's auditors and any accounting adjustments made by the Company's auditors during the quarter close.
Factors that could cause the Company's other forward-looking projections to differ materially include general economic conditions, the Company's ability to convert customer interest and leads into actual sales, the ability of the Company to close deals, the timing of such deals and their closure, changes in IT spending patterns, the Company's ability to realize sufficient cost savings from its efforts to reduce its cost structure, lengthening of sales cycles, changes in needs and priorities of customers and potential customers regarding communications infrastructure, changes in the competitive landscape, including, new competitors and/or the impact of competitive pricing and products, dependence upon a limited number of key resellers and customers, rapid changes in market conditions due to changing technological standards, fluctuations in quarterly results, and the risks and uncertainties detailed from time to time in BackWeb's periodic reports and registration statements filed with the U.S.Securities and Exchange Commission. BackWeb undertakes no obligation to update or revise any forward-looking statements.