These results are consistent with the preliminary second-quarter results the company announced on July 9, 2001.
Second-quarter 2001 revenues were $12.2 million, up 11 percent from $11.0 million for the first quarter, and up 1 percent from $12.1 million for the same period last year. Pro forma net loss for the second quarter of 2001 was $2.4 million, or a diluted net loss per share of 10 cents, excluding $526,000 of amortization expense for deferred stock compensation and a restructuring charge of $789,000 related to a workforce reduction and other cost-cutting initiatives. Including these charges, net loss for the second quarter of 2001 was $3.7 million, or a diluted net loss per share of 16 cents. This compared with a net loss of $4.8 million, or 20 cents per diluted share, sequentially, and net income of $1.3 million, or 5 cents per diluted share, for the same quarter a year ago.
We are encouraged by the increasing strength and diversity of our customer base, said Rich Wyckoff, Marimba’s president and chief executive officer. We are penetrating a variety of markets such as consumer products, healthcare, pharmaceuticals, and telecommunications while broadening our already strong presence in financial services.
While our near-term outlook is conservative given the current global economic environment, our management team and I are committed to realizing Marimba’s long-term growth potential, concluded Wyckoff.
