BroadVision Reports Q4 EPS $(0.30) vs $0.14 Year Ago; Revenues $4.2M vs $5.1M Year Ago
BroadVision, Inc. (NASDAQ: BVSN) today reported financial results for its fourth quarter ended December 31, 2011. Revenues for the fourth quarter were $4.2 million, compared with revenues of $4.2 million for the third quarter ended September 30, 2011 and $5.1 million for the comparable quarter of 2010.
License revenue for the fourth quarter of 2011 was $1.6 million, compared with $1.3 million for the prior quarter and $1.5 million for the comparable quarter of 2010. The majority of the fourth quarter license and subscription revenue was generated from the Company's BroadVision© Business Agility Suite™, Commerce Agility Suite™, QuickSilver™, and Clearvale™ solutions. Revenue during the quarter was generated from sales to both new and existing customers such as Centre National de l'Expertise Hospitalière, CoGeDi International SpA, Groupe Auchan SA, La Poste, NHS Institute for Innovation and Improvement, The Talking Village s.r.l., WeBank SpA, and several other brand-name global customers.
In the fourth quarter of 2011, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $1.8 million, or $0.40 per basic and diluted share, as compared with GAAP net loss of $1.6 million, or $0.36 per basic and diluted share, for the third quarter of 2011 and GAAP net income of $0.3 million, or $0.06 per basic and diluted share, for the comparable quarter of 2010.
Non-GAAP measure net loss for the fourth quarter of 2011 was $1.4 million, or $0.30 per basic and diluted share, compared with non-GAAP measure net loss of $1.5 million or $0.33 per basic and diluted share, in the third quarter of 2011 and non-GAAP measure net income of $0.7 million, or $0.14 per basic and diluted share, for the comparable quarter of 2010.
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