Our Full-Service B2B Marketing Program Delivers Sales-Ready Leads Click to Learn More!
Welcome Guest | Sign In
ECommerceTimes.com
Endicia White Paper: Avoid Hidden Fees

Stock Watch: Q1 Loss Pounds Niku

By Nora Macaluso
May 22, 2000 12:00 AM PT

Niku Corp. (Nasdaq: NIKU) fell 4 3/4 to 21 1/2 Friday after reporting a wider loss for the first quarter.

Stock Watch: Q1 Loss Pounds Niku

The Redwood City, California-based e-commerce company said revenue for the quarter rose to $8.6 million from $400,000 in the same quarter last year, though the net loss widened to $26.9 million, or 54 cents a share, from $2.4 million, or 42 cents. Before special items, the company lost $13.1 million, or 19 cents a share, compared with $2.0 million, or 7 cents.

Chairman and Chief Executive Officer Farzad Dibachi said the company is "bullish" on the market for its products and its position in the market.

Niku went public in February at $24 a share, raising about $205 million after expenses. The company provides Internet software and operates an online marketplace for the sourcing, management and delivery of professional services.


Facebook Twitter LinkedIn Google+ RSS
What best reflects your opinion on online privacy?
We need new laws to curb government spying.
It's dead -- Google, Facebook and others killed it.
Personalized advertising is the worst -- it's creepy.
It's achievable through encryption and other tech.
It's an overblown issue -- I have nothing to hide.
Endicia White Paper