The Company reported a net loss for the quarter of $0.13 per share excluding non-cash expenses associated with the amortization of deferred compensation. The Company had previously reported a comparable net loss of $0.12 per share for the third quarter of this year and a net loss of $0.14 per share for the fourth quarter of last year. Including non-cash expenses associated with the amortization of deferred compensation, net loss per share for the fourth quarter this year was $0.15 per share.
The Company reported a net loss for the year ended December 31, 2000 of $0.52 per share excluding non-cash expenses associated with the amortization of deferred compensation. The Company had previously reported a net loss of $1.06 per share for the year ended December 31, 1999. Including non-cash expenses associated with the amortization of deferred compensation, net loss per share this year was $0.60 per share.
Revenues were $16,000 for the quarter and $480,000 for the year. Revenues were primarily attributable to shipments of BeOS, the desktop version of our operating system, under publisher agreements with Gobe Software, Hitachi, Koch Media and Apacabar. “We knew our decision to focus on BeIA, the complete solution for Internet appliances, and our decision to make a personal edition of BeOS available for free would negatively impact our revenues in 2000,” said P.C. Berndt, Chief Financial Officer. “We plan to recognize revenues in 2001 from each component of BeIA – the Client Platform, Integration Services and MAP (Management and Administration Platform). In 1999, we recognized $2.7 million in revenue and we plan to exceed that in 2001 as we begin to benefit from the investments we have made over the past year.”
“Be made significant investments during 2000 in developing its core product, BeIA, and establishing numerous strategic relationships,” said Jean-Louis Gassée, Chairman and CEO. “The culmination of our efforts was the introduction at the Consumer Electronics Show earlier this month of a network entertainment center device by our first major customer. We look forward to continuing to establish ourselves as the technological and thought leader in the Internet appliance marketplace.”
