MessageMedia's Net Loss for 2000 Nearly Doubles

Share this content:
MessageMedia Inc., a provider of e-mail messaging software and services, said yesterday that its net loss for the fourth quarter of 2000 and the full year rose substantially.


For the fourth quarter, the Superior, CO-based company said its loss rose to $30.4 million, or a loss of 54 cents per share, from $19.3 million in the same quarter a year earlier. For the full year, MessageMedia said its net loss rose to $88.1 million, or a loss of $1.57 per share, from $46.2 million in 1999.


However, the company's net revenue for the fourth quarter nearly doubled to $8 million, from $4.9 million in 1999. For the full year, MessageMedia's net revenue rose to $33.6 million, from $10 million in 1999.


The company said its revenue from traditional messaging clients rose 10 percent in the fourth quarter but was offset by a slowdown in several dot-com clients. It said that in the fourth quarter it added 56 outsourced and hosted clients and 14 software licensees. MessageMedia now has 340 messaging clients and more than 300 software accounts on maintenance contracts.


The company also said that its largest clients represent nearly 8 percent of its total revenue and that its top 10 clients represent nearly 40 percent of total revenue. It sent more than 475 million messages in the fourth quarter of 2000.


MessageMedia said it expects its revenue in 2001 to grow between 20 percent and 25 percent. For the first quarter, it expects revenue to grow between 5 percent and 10 percent.


The company also said it named William Buchholz chief financial officer.


Loading links....
close

Next Article in Agency

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here