Calico Commerce Reports Record Third Quarter Results.Business Editors and High Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 13, 2000 Calico Demonstrates Leadership in Sell-Side eCommerce See e-commerce. as License Revenues Increase by 72%; Proforma Proforma A financial projection based on assumptions. Net Loss of $0.16 Betters Analyst Estimates Calico Commerce (Nasdaq: CLIC CLIC Centre Local d'Information et de Coordination (French) CLiC Climate and Cryosphere (World Climate Research Programme project, Norway) CLIC Compact Linear Collider CLIC Connecticut Licensing Information Center ), a leading provider of business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. electronic commerce software and services, today announced record results for its third quarter ended December December: see month. 31, 1999. Led by a 72% increase in license revenues, total revenues increased to a record $8.7 million compared with revenues of $5.7 million for the same period last year. The Company had a net loss of $5.7 million or $0.19 per share compared to a net loss of $3.8 million or $0.55 per share for the same period last year. On a proforma basis, excluding the amortization of stock compensation, acquired R&D, and goodwill and also assuming the conversion of preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. for the entire third quarter, the loss per share was $0.16 versus $0.13 last year. "We are extremely pleased with our business momentum on every level. This quarter we reached important milestones financially, competitively and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , winning leading customers who are choosing Calico eSales as the cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to of their eCommerce strategies," said Alan A`lan´ n. 1. A wolfhound. Naumann Naumann is a Central German variation of the surname Neumann and may refer to:
1. Any service provided by a telecommunication provider. 2. industry. In addition, we gained significant customer acceptance of new products in the eSales suite, received key follow-on fol·low-on adj. Following as a related or consequent aspect or development: "Such contracts involve follow-on sales of maintenance services" Christian Science Monitor. orders from our existing customers and have recently been acknowledged as the market share leader in online configurator software and services by an industry analyst firm," said Naumann.
Quarterly Highlights
The following milestones were completed or announced during the
third quarter of 1999:
-- Calico Commerce added 12 new customers and received license or
professional service revenue from 23 customers including
established leaders such as: Motorola (NYSE: MOT), Nortel
Networks (NYSE/TSE: NT), KPNQwest (Nasdaq & ASE: KQIP), the
leading pan-European data communications company and also from
emerging leaders such as, Winstar Communications (Nasdaq:WCII), a
global provider of advanced broadband telecommunications
services; MYBIKE.COM.com, an online provider of customized
bicycles; Oneswoop.com, the UK's first automotive
transactional-based eCommerce website; iCongo.com, a B2B
marketplace for the international sporting good industry; and
ZoneTrader, a B2B auction site for refurbished and surplus
business equipment. The company also added a new Fortune 50
customer after winning a highly competitive evaluation.
-- In response to growing demand among B2B customers and emerging
net market makers, Calico Commerce launched Calico eSales.com, an
offering for deploying state-of-the-art eCommerce sites and
creating new business communities where multiple buyers and
sellers come together. Calico has already experienced customer
acceptance and rapid growth in this exploding segment of B2B
eCommerce by signing four eSales.com customers since the launch
in December.
-- Calico Commerce completed the initial public offering of its
common stock on the Nasdaq National Market trading under the
symbol "CLIC." Private placement investments totaling $24 million
were concurrently made by Dell U.S.A., L.P. and Andersen
Consulting LLP.
-- A definitive agreement was reached to acquire ConnectInc.com
(Nasdaq: CNKT), a leading provider of technology and services
that dynamically connect buying and selling companies via the
Internet. With the acquisition, Calico strengthens the sell-side
functionality of its eSales electronic commerce suite by adding
new technology that will better serve the needs of eBusiness
leaders in the Global 2000, while expanding its reach to the
thousands of net market maker companies that are building digital
marketplaces.
-- The company added significantly to its telecommunications
services customer base by adding four new customers including
KPNQwest, Winstar, as well as a leading long distance service
provider in the U.S., and a leading Asian integrated
communications service provider.
-- Announced the first joint customer deployment with Andersen
Consulting, OneSwoop.com, the UK's first automotive
transactional-based eCommerce website. This Calico eSales
deployment is also Calico's first within the automotive industry,
an explosive growth sector in electronic commerce.
-- A strategic partnership was announced with BEA Systems, adopting
BEA WebLogic Server(TM) as a platform for its eSales
customer-focused electronic commerce solutions. Calico's
leadership in supporting open Java-based application server
technology uniquely positions the company to meet the most
demanding eCommerce performance and scalability requirements of
customers while adding major new product functionality.
-- Calico announced the appointment of high-technology industry
veteran, Joseph B. Costello, to its board of directors. Costello
has brought a wealth of executive management and operations
experience with Fortune 1000 companies to Calico's board, and is
highly regarded for the role he played for more than a decade as
president and CEO of Cadence Design Systems.
-- Eastman Kodak Company (NYSE: EK) implemented Calico eSales to
distribute marketing, sales and product intelligence to Kodak's
sales force and create a closer link among sales, marketing and
product development. By supplying up-to-date information during
every step of the sales process, Calico eSales helps Kodak's
sales people prepare for - and close - new business
opportunities.
-- Best Buy Co., Inc. (NYSE: BBY), the nation's largest computer
retailer to the home user, completed the roll-out of Calico
eSales into its newly launched in-store configure-to-order
computer kiosks at 354 Best Buy locations nationwide. Calico
continues to empower retailers such as Best Buy to sell complex
products and services via the Web and in stores-- providing
customers with relevant, up-to-date information, and assembling
the right computer package to meet their expressed preferences
and requirements.
Conference Call Information For interested parties, the quarterly earnings conference call will be held today at 5:00 PM EST EST electroshock therapy. EST abbr. electroshock therapy . The dial in number is 1-800-755-9142 -- Reference: Calico Commerce Quarterly Earnings Call. This event is also available through Investor Broadcast Network's Vcall website, located at http://www.vcall.com/. Vcall recommends visiting the website at least 15 minutes before this event to register and obtain any necessary audio software. If participants are unable to attend the live broadcast, a replay will be available beginning approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. one hour after the event. About Calico Commerce, Inc. Calico Commerce, Inc., headquartered in San Jose, Calif. and with offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). , provides leading
corporations with the enabling sell-side eCommerce software that enables
direct sales and trading exchanges over the Internet InternetPublicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the in both the business-to- business and business-to-consumer Business-to-consumer (B2C), describes activities of commercial organizations serving the end consumer with products and/or services. It is usually applied exclusively to electronic commerce. markets. Calico eSales is a customer-focused electronic commerce solution that matches unique customer needs to business initiatives across all channels while allowing customers to leverage their existing systems to get the most from their suppliers and buyers. Calico eSales can be deployed across the Internet, intranets, extranets and corporate networks and can be accessed through desktop and mobile computers and retail kiosks. Calico has helped net market makers and leading high-technology hardware, manufacturing, telecommunications services, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and retail corporations expand their selling opportunities, accelerate time to market and increase ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and market share. Calico Commerce, Inc. can be found on the World Wide Web at http://www.calico.com. Except for the historical information contained herein, some of the matters discussed in this news release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve substantial risks and uncertainties. The following factors, among others, could cause the Company's actual results to differ materially from those described in these forward-looking statements: demand for the Company's products, the level of service and price competition, the ability of the Company to develop and market new and existing products, ongoing introduction of new and enhanced products by competitors COMPETITORS, French law. Persons who compete or aspire to the same office, rank or employment. As an English word in common use, it has a much wider application. Ferriere, Dict. de Dr. h.t. , the concentration of revenues in the last weeks of a given quarter and those other factors described in the Company's Registration Statement on Form S-1 and other public reports filed with the Securities and Exchange Commission. Note to Editors: Calico is a registered trademark of Calico Commerce, Inc. The Calico eSales Suite is a trademark of Calico Commerce, Inc.
CALICO COMMERCE, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Ended Nine Months Ended
December 31, December 31,
1999 1998 1999 1998
---- ---- ---- ----
Net revenue:
License $ 4,403 $ 2,560 $ 11,362 $ 8,149
Services 4,317 3,155 12,967 7,504
-------- -------- -------- --------
Total net
revenue 8,720 5,715 24,329 15,653
Cost of net revenue:
License 455 350 828 716
Services 3,078 2,036 9,211 5,145
-------- -------- ------- -------
Total cost
of net revenue 3,533 2,386 10,039 5,861
Gross profit 5,187 3,329 14,290 9,792
Operating expenses:
Sales and
marketing 5,583 3,699 14,782 9,523
Research and
development 3,899 1,684 10,366 3,888
General and
administrative 1,875 934 5,227 3,034
Stock compensation 322 582 1,256 1,475
Acquired in-process
research and
development -- -- -- 1,840
Amortization
of goodwill 236 234 712 312
------ ------ ------ ------
Total operating
expenses 11,915 7,133 32,343 20,072
Loss from operations (6,728) (3,804) (18,053) (10,280)
Interest and
other income, net 1,071 54 1,208 (27)
Net loss $ (5,657) $ (3,750) $(16,845) $(10,307)
Net loss per share:
Basic and diluted $ (0.19) $ (0.55) $ (1.04) $ (1.59)
Weighted average
shares 30,300 6,850 16,250 6,500
Pro forma excluding
non-cash charges(1):
Basic and diluted $ (0.16) $ (0.13) $ (0.55) $ (0.34)
Weighted average
shares 31,500 22,500 27,050 19,900
Notes (1) The pro forma results provide information reflecting
the conversion of preferred shares for the entire period or date of
issuance if later and the elimination of non-cash charges such as
stock compensation, acquired in-process research & development, and
goodwill amortization.
CALICO COMMERCE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Dec. 31, March 31,
1999 1999
-------- --------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 16,306 $ 15,441
Short-term investments 54,304 --
Accounts receivable, net 11,613 7,443
Other current assets 2,383 1,417
-------- --------
Total current assets 84,606 24,301
Long-term investments 10,630 --
Property and equipment, net 4,208 2,532
Intangible and other assets, net 3,494 4,535
-------- --------
$102,938 $ 31,368
======== ========
LIABILITIES, MANDATORILY REDEEMABLE
CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable $ 1,697 $ 1,728
Accrued liabilities 9,415 5,448
Deferred revenue 5,808 6,054
Current portion of
notes payable 1,113 628
Current portion of
capital lease obligations 181 256
--------- --------
Total current liabilities 18,214 14,114
Notes payable, non-current 1,520 700
Capital lease obligations,
non-current 71 177
Other liabilities 491 622
--------- ---------
20,296 15,613
Mandatory Redeemable
Convertible Preferred Stock -- 32,535
Stockholders' equity (deficit):
Preferred Stock -- --
Common Stock 33 11
Additional paid-in capital 132,756 17,877
Notes receivable from
stockholders (2,007) (2,211)
Unearned compensation (1,524) (2,779)
Other comprehensive income (94) --
Accumulated deficit (46,522) (29,678)
--------- ---------
Total stockholders'
equity (deficit) 82,642 (16,780)
--------- ---------
$ 102,938 $ 31,368
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