Mail.com Reports Huge Losses for Fourth Quarter and Full Year

Share this content:
Mail.com, a provider of e-mail messaging services, reported massive losses for the fourth quarter and full year 2000, largely due to restructuring charges.


For the fourth quarter of 2000, the New York company said its net loss was $85.8 million, or a loss of $1.39 per share, compared with a net loss of $16.1 million, or a loss of 36 cents per share, for the same quarter a year ago. The losses include restructuring charges of $18.4 million associated with the divestiture of Mail.com's Asia.com subsidiary.


For the full year 2000, Mail.com said its net loss grew to $229.5 million, or a loss of $4.01 per share, compared with a loss of $47 million, or $1.96 per share for 1999. The company last year implemented a strategy to become a "pure-play" outsourced messaging business.


Mail.com's revenues for the fourth quarter rose 190 percent to $17.7 million, from $6.1 million in the same quarter a year earlier. The company said revenue from its messaging businesses more than doubled to $14 million in the fourth quarter, from $6.1 million a year earlier. For 2000, the company's messaging revenues rose to $52.7 million, from $12.7 million in 1999.


In the fourth quarter of 2000, Mail.com said it served 5.04 billion ad impressions and that page views totaled 1.24 billion. The company added 97 clients to its advertising network in the fourth quarter.


Mail.com said that for the first quarter of 2001, it expects its revenue to grow to between $21 million and $25 million. It also expects to report a net loss of between 42 cents and 46 cents per share in the first quarter.


For the full year 2001, the company forecasts revenues of more than $150 million and a net loss of between 55 cents and 65 cents per share.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

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

Relive the 2017 Marketing Hall of Femme

Click the image above