Thursday, July 26, 2007

RightNow Reports Second Quarter Loss

RightNow Technologies Inc., a developer of customer relationship management software-as-a-service, announced Wednesday its financial results for the second quarter of 2007. According to the company, RightNow experienced a net loss of $5.7 million, or $0.17 per share, for Q2 2007, on revenues of $26.5M, compared to a net loss of $1.8 million, or $0.05 per share, for the same period a year ago, when it had revenues of $26.9M. RightNow said the non-GAAP net loss for Q2 2007 was $3.8 million, or $0.11 per share. By comparison, the non-GAAP net loss for the same period in 2006 was $0.1 million or $0.00 per share. For the first six months of 2007, RightNow reported a net loss of $11.7 million, or $0.36 per share. Total revenue for the period was $52.2 million, compared to $51.5 million for the same period in 2006. RightNow Technologies is headquartered in Bozeman, Montana.