InfoNow Corporation, a leading provider of Enterprise Channel Management solutions, announced preliminary financial results for its third quarter of 2002.
The company reported that it expects revenues for the quarter, which ended September 30, 2002, to be approximately $3.1 million, up 11 percent compared to $2.8 million in the second quarter. The company expects to report a net loss of approximately $97,000 or ($0.01) per share, and total cash flow of $40,000 for the quarter.
“We expect to report an improvement on nearly every financial measure in the third quarter compared to our second quarter,” said Michael Johnson, Chairman and CEO of InfoNow. “We feel positive about our third quarter results and our prospects for the remainder of the year. Despite a tough economy and a difficult software market, we’re seeing good customer buying activity and sales contracts are up. We look forward to providing additional details of our results on our third quarter conference call later this month.”
InfoNow will provide financial details for the third quarter, as well as the company’s outlook for the remainder of the year, during its regularly scheduled quarterly conference call on Thursday, October 24, 2002 at 9:00 a.m. Mountain Daylight Time (MDT). To participate, callers should dial 1-800-240-4186. The call also will be broadcast live and archived for 90 days on the company’s corporate Web site at . Visitors can access the audio Web cast by visiting the Investor Relations page at and following the conference call prompts.
About InfoNow Corporation
InfoNow provides an Enterprise Channel Management solution for serving end-customers more effectively through multiple sales channels and creating visibility into channel activity. InfoNow helps companies increase revenue and cost efficiencies by delivering software and services for customer profiling and referrals, lead generation and management, multi-channel e-commerce, and partner relationship management. InfoNow has amassed channel expertise serving leading companies including Apple, Avaya, Bank of America, Compaq, Hewlett-Packard, Miller Electric, Schering-Plough, The Hartford, and Visa. InfoNow is based in Denver, Colorado. For more information, please visit the company’s Web site at .
