NetGravity Inc, the internet advertising management software company reported third quarter net losses of $2.8m, or 22 cents per share, up from $1.6m last time, on revenues that rose 75.7% to $3.1m. That’s two cents better than analysts were expecting, surveyed by Zacks Investment Research. NetGravity completed its initial public offering in mid-June to a mixed reception (06/15/98), but many analysts reckoned the company had a bright future ahead of it, so the shares rose quickly before falling to below their offer price, where they closed yesterday, at $8.3125. For the nine months NetGravity recorded net losses of $8.6m, up from $4.4m, on revenues that climbed 64.5% to $7.4m.
