Westford, Mass., 1 August 2002 ? MatrixOne (Nasdaq: MONE), a leading
provider of product lifecycle management solutions for the value chain?,
announced today results for its fourth quarter and fiscal year ended June
29, 2002.
For the fourth quarter ended June 29, 2002, total revenues were $32.0
million, compared to $42.5 million in the same period last year. For the
fourth quarter, net loss was $2.5 million, or $0.05 per share, compared to
net income of $3.5 million, or $0.07 per share, in the same period last
year. For the fourth quarter, pro forma net loss from continuing
operations, which excludes stock-based compensation and restructuring
charges, was $2.0 million, or $0.04 per share, compared to pro forma net
income from continuing operations, which excludes stock-based compensation,
of $4.1 million, or $0.08 per share, in the same period last year.
For the year ended June 29, 2002, total revenues were $121.5 million,
compared to $145.4 million last year. For the year ended June 29, 2002, net
loss was $28.7 million, or $0.62 per share, compared to net income of $8.8
million, or $0.18 per share, last year. For the year ended June 29, 2002,
pro forma net loss from continuing operations, which excludes stock-based
compensation and restructuring charges, was $22.0 million, or $0.48 per
share. For the year ended June 30, 2001, pro forma net income from
continuing operations, which excludes stock-based compensation, was $12.5
million, or $0.25 per share.
"I am pleased with our ability to meet our financial and strategic
objectives during the fourth quarter of fiscal year 2002. Our improved
operating results this quarter reflect better than anticipated license
revenues, lower than expected annual incentive compensation expenses, and
our continued focus on expense control," said Mark O'Connell, President and
Chief Executive Officer of MatrixOne, Inc. "As we move into our new fiscal
year, we look forward to leveraging the combined strength of our people,
products and partners to continue to improve our financial performance."
The following milestones were achieved since MatrixOne's third quarter
earnings release on April 24, 2002:
· MatrixOne continued to see strong adoption of its collaborative
product lifecycle management (PLM) solutions across a wide range of vertical markets. During the fourth quarter, MatrixOne recognized significant revenue from many of the world's most innovative companies,
including: Honeywell, a diversified technology and manufacturing leader; Oceaneering International, a leading provider of advanced applied technologies for marine, space, and other harsh environments; Philips Consumer Electronics, one of the world's largest consumer electronics companies; Toshiba Corporation, a leader in information and communications systems, electronic components, consumer products and power systems; and Yazaki Corporation, a global leader in electrical distribution systems for the automotive industry.
· MatrixOne expanded the breadth of its Value Chain Portfolio? with the
introduction of new capabilities for supplier relationship management. This new solution, which was driven by the requirements of companies with the largest value chains in the world, provides breakthrough capabilities that will dramatically change how companies and their suppliers collaborate on creating new products. By extending the value of MatrixOne solutions to more users throughout an enterprise and its value chain, companies can unleash the creative power of their value chains to inspire innovations and speed them to market.
· MatrixOne strengthened its offering in the consumer packaged goods
industry by announcing a licensing agreement with the Procter & Gamble Company for a new Value Chain Portfolio application for the management of specifications in the consumer packaged goods and pharmaceuticals industries. This new commercial offering delivers the capabilities required to manage large-scale specification portfolios such as recipes, packaging, regulatory compliance and supplier capability. P&G has already realized hundreds of millions of dollars in savings as a result of its implementation.
· As part of its ongoing commitment to customer success, MatrixOne
launched the MatrixOne Business Value Program?. This unique program is based on extensive primary research conducted by the University of Texas at Dallas and the Hurwitz Group on the real-world results of PLM implementations at over thirty-five leading companies. The program provides methodologies, tools and benchmarks that customers can use to successfully plan, fund and implement comprehensive product lifecycle management programs which result in measurable benefits, reduced costs and improved bottom line performance.
About MatrixOne
MatrixOne, Inc. (NASDAQ: MONE) is a recognized leader in delivering
collaborative Product Lifecycle Management (PLM) solutions. Together with
our partners, we provide flexible solutions that unleash the creative power
of global value chains to inspire innovations and speed them to market.
MatrixOne's more than 625 global customers represent the aerospace/defense,
automotive, consumer products, general machinery, high technology, and life
sciences industries, and include GE, Procter & Gamble, Philips, Siemens,
Agilent Technologies, Johnson Controls, and Honda. MatrixOne is
headquartered in Westford, Massachusetts with locations throughout the
world.
MatrixOne is a registered trademark, and a Leading Provider of Product
Lifecycle Management Solutions for the Value Chain, Value Chain Portfolio
and MatrixOne Business Value Program are trademarks of MatrixOne, Inc. All
other trademarks and service marks are the property of their respective
owners.
More information:
MatrixOne, Jacqueline Wildenburg, telephone: 020-301 09 30, e-mail:
jacqueline.wildenburg@matrixone.com or Bennis Porter Novelli, Berith
Selling,
telephone: 020-543 76 00, e-mail: bselling@bennispn.nl