Macromedia has posted the results of its third fiscal quarter 2002, which ended December 31, 2001. The company posted a pro forma net loss of US$10 million on $73.3 million in revenue.
Macromedia saw a year-over-year reduction in revenue of $25.7 million; the company pulled in $99 million in revenue for the same quarter in 2001. For the same period last year, Macromedia generated $20.2 million in net income.
Revenues for Macromedia’s three quarters ending December 31 totaled $249.1 million, off $38.3 million for the same period last year. Pro forma net loss for that period totaled $22 million, compared to a net income in 2001 of $58.5 million.
Macromedia chairman and CEO Rob Burgess blamed the weak economy on his company’s short-term results, but expressed optimism for the future.
“We are focused on delivering a major new product cycle that will empower our customers to realize the promise of the next-generation of the Internet,” said Burgess.
Macromedia suggested that fourth quarter earnings will be sequentially flat, but expected to return to profitability for the June quarter. The company also indicated it would focus on “operational efficiencies” to help improve the bottom line.