Revenues Up at NetRatings

Internet research agency NetRatings has reported financial results for its fourth quarter and year ended December 2001, showing revenues up by 15% for the year.

Revenues for the fourth quarter of 2001 reached US$5.1 million, compared with US$6.6 million in the same period a year earlier. Pro forma net loss for the fourth quarter of 2001 stood at USD$868,000 compared with pro forma net income in the same period one year ago of USD$1.1 million.

For the year ended December 31, 2001, NetRatings achieved revenues of US$23.5 million, up 15% from US$20.4 million in fiscal 2000. Pro forma net loss for 2001 was US$2.1 million compared with a loss of US$222,000 in 2000.

'Despite the challenging environment of 2001, NetRatings executed well on our corporate goals,' said David Toth, CEO. 'We strengthened our partnerships, enhanced our product offerings and deepened relationships with our customers. We believe that NetRatings is well-positioned to emerge from this economic downturn stronger than ever.'

'NetRatings remains focused on strengthening its position in the global Internet audience measurement and research market,' added Jack Lazar, EVP and CFO of NetRatings. 'We will continue to conservatively manage our operating expenses while strategically deploying resources to fund future growth. We were pleased to exit the year with over US$322 million in cash, evidence of our fiscal responsibility.'

All articles 2006-22 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.

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