today reported its fiscal fourth quarter and year end results for the period ending March 31, 2002.
For the quarter, Macromedia posted revenues of $75.6 million, compared with revenues of $89.1 million reported in the same quarter a year ago. The fourth quarter pro forma net loss was $6.1 million, or a loss of $0.10 per share, compared with pro forma net income of $8.4 million, or diluted earnings per share of $0.15 for the same period in the prior year.
Revenues for the fiscal year totaled $324.8 million, compared with revenues of $376.4 million for the same period a year ago. Pro forma net loss for fiscal year 2002 was $28.1 million, or a loss of $0.48 per share, compared with pro forma net income of $66.9 million, or diluted earnings per share of $1.18, for fiscal year 2001.
According to Macromedia, net loss for the fourth quarter 2002 was $80.5 million, or a loss of $1.37 per share, compared with a net loss of $21.8 million, or a loss of $0.42 per share, for the same period last year. Net loss for the year ended March 31, 2002 on a GAAP basis was $305.9 million, or a loss of $5.26 per share, compared with net income of $13.4 million, or diluted earnings per share of $0.24, for the same period last year.
“This quarter, we kicked off a major new product cycle with the introduction of Macromedia Flash MX,” said Rob Burgess, Macromedia chairman and chief executive officer. “Our MX family of products will empower millions of developers to create rich Internet applications that radically enhance the user experience and reduce costs. We are all very encouraged about the initial market reaction to these great new products.”
Macromedia officials said they expect revenues to grow 10 percent on a sequential basis for the first fiscal quarter of 2003. The company also confirmed that a return to profitability on a pro forma basis is expected in the June quarter.