ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the November 2000 issue


Push-software BackWeb is Inching towards Profitability


Business software maker BackWeb Technologies reported that revenues for Q3 increased 89 percent to $11.7 million, from $6.2 million in the third quarter of 1999 and up 10 percent from $10.6 million for the second quarter of 2000. Net loss for the third quarter was $0.5 million, or $0.01 per diluted share, compared to a net loss of $1.6 million or $0.05 per diluted share for the same period a year earlier. Analysts polled by First Call/Thomson Financial expected a loss of two cents per share The company's strong performance was driven by the increasing demand for BackWeb's e-business infrastructure. Moving rapidly we recently listened to a BackWeb corporate presentation and the financial results confirm that the company is meeting its targets.

BackWeb is expected to reach break even in Q4 and profitability in 2001. BackWeb, which also has headquarters in Israel, provides customers with "push" infrastructure and applications, which allow preprogrammed delivery of news and other information. In spite of not having recorded a first time profit, BackWeb has been retained in our IHTIR Model Portfolio because of the promising outlook for the company.


Reprinted from the Israel High-Tech & Investment Report November 2000

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