This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BroadVision Announces Second Quarter 2013 Results

Stocks in this article: BVSN

REDWOOD CITY, Calif., July 31, 2013 (GLOBE NEWSWIRE) -- BroadVision, Inc. (Nasdaq:BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its second quarter ended June 30, 2013. Revenues for the second quarter were $4.1 million, compared with revenues of $3.8 million for the first quarter ended March 31, 2013 and $3.6 million for the comparable quarter of 2012.

License revenue for the second quarter of 2013 was $1.4 million, compared with $1.6 million for the prior quarter and $1.2 million for the comparable quarter of 2012. The majority of the second quarter license and subscription revenue was generated from the company's BroadVision® Business Agility Suite™, Commerce Agility Suite™, QuickSilver™, and Clearvale® solutions. Revenue during the quarter was generated from sales to both new and existing customers such as Agile China, AllpkuManagement Consultants Ltd., The Barnet Group, BondPR Worldwide, Boone Group, Double J Development LLC, i2i benefits, The I-Consulting Group, Italiaonline S.r.l., Scheugenpflug AG, SINA Corporation, Zambon SpA, and several other brand-name global customers.

In the second quarter of 2013, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles ("GAAP") basis of $1.1 million, or $0.23 per basic and diluted share, as compared with GAAP net loss of $2.1 million, or $0.46 per basic and diluted share, for the first quarter of 2013 and GAAP net loss of $2.5 million, or $0.54 per basic and diluted share, for the comparable quarter of 2012.

As of June 30, 2013 the Company had $49.5 million of cash and cash equivalents and short-term investments, compared to a combined balance of $51.4 million as of March 31, 2013 and $52.0 million as of June 30, 2012.

"Q2 was a milestone quarter for our Clearvale PaasPort ecosystem with the addition NTT Communications and Agile China in Asia as well as Collective HR Solutions, i2i benefits, and Wild at Work in North America," said Dr. Pehong Chen, President and CEO, BroadVision. "The win-win value proposition for Clearvale partners to become users, and in turn resellers, is a unique attribute of our enterprise social networking solution. We believe that Clearvale is the optimal solution to offer seamless and secure integration of intranets and extranets. We are actively expanding partnerships globally across verticals such as industrials, financial services, healthcare, services and other engagement, knowledge and service-intensive sectors."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs