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22.04.2005
Intershop Communications Reports First Quarter 2005 Financial Results
Intershop increases license revenue clearly
Jena, Germany – April 22, 2005 - Intershop Communications AG (Prime Standard: ISH1) today announced financial results for the first quarter of 2005, ended March 31, 2005.
First quarter 2005 revenue totaled Euro 4.4 million, compared with Euro 3.7 million in the forth quarter of 2004 and Euro 4.4 million in the first quarter of 2004. License revenue rose by Euro 1.1 million from Euro 0.2 million in the forth quarter of 2004 to Euro 1.3 million in the first quarter of 2005, compared with Euro 0.6 million in the first quarter of 2004.
Compared to the previous quarter, operating costs (cost of revenue plus operating expenses) declined by Euro 2.7 million to Euro 5.4 million in the first quarter of 2005. Compared to the first quarter of 2004, Intershop reduced its total operating costs by Euro 1.6 million.
Intershop reduced its net loss of Euro 4.8 million or Euro 0.19 per share in the forth quarter of 2004 by 77% to a net loss of Euro 1.1 million or Euro 0.04 per share in the first quarter of 2005. Compared to the first quarter of 2004, Intershop could reduce its net loss by 57%. In the first quarter of 2004, net loss amounted to Euro 2.5 million or Euro 0.11 per share.
Total cash, including cash and cash equivalents, as well as restricted cash climbed from Euro 8.4 million as of December 31, 2004 to Euro 14.5 million as of March 31, 2005. Total cash includes freely available cash, which increased from Euro 1.6 million as of December 31, 2004 to Euro 7.7 million as of March 31, 2005. The increase in cash is based on the successful placement of the convertible bond with gross proceeds amounting to Euro 11.3 million.
The full press release relating to this adhoc disclosure is available at www.intershop.com.
Investor Relations:
Annett Körbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.de
Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.de
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