June 12, 2006, 12:00 AM

Broadvision reports 2005 net loss of $39 million

Broadvision Inc., a provider of e-commerce self-service applications and an early star of Internet technology, reported a 2005 net loss of $39 million, compared to net income of $18.6 million the prior year.

Kurt Peters

Executive Editor

 

Broadvision Inc., a provider of e-commerce self-service applications and one of the early stars of Internet technology, reported a 2005 net loss of $39 million on revenue of $60.1 million, compared to net income of $18.6 million on revenue of $78 million the prior year.

For the fourth quarter ended Dec. 31, Broadvision posted a net loss of $27.8 million on revenue of $14.2 million, compared to a net loss of $2.5 million on revenue of $19.8 million for the year-ago quarter. The $27.8 million net loss for the most recent fourth quarter included several one-time charges, including goodwill impairment and restructuring costs, totaling about $30.6 million, the company said. Without those charges, Broadvision had pro forma net income for Q4 2005 of $2.2 million, compared to pro forma net income of $1.4 million a year ago.

For the full year ended December 31, 2005, Broadvision reported a pro forma net loss of $2.9 million, compared to a pro forma net loss of $1.7 million in the prior year.

Broadvision gained several new customers in Q4 2005, including Hewlett-Packard Co. and RedEnvelope Inc, which are Nos. 5 and 109, respectively, in the Internet Retailer Top 500 Guide to Retail Web Sites.

 

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