ClickAction Announces Total Q1 2001 Revenues Up 85% Over Q1 2000; ERM Revenues Up 398% From Q1 2000

Strong Annual Revenue Growth and Gross Margin Improvement Leads to 2 Cents Per

Share Earnings



Apr 26, 2001, 01:00 ET from ClickAction, Inc.

    PALO ALTO, Calif., April 26 /PRNewswire/ --
 ClickAction(TM) Inc. (Nasdaq:   CLAC), a leading provider of electronic
 messaging and customer relationship management products and services, today
 announced total revenues for the quarter ended March 31, 2001 were up 85% from
 Q1 2000.  Email Relationship Management (ERM) revenues for Q1 2001 were up
 398% from Q1 2000.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990916/SFTH025 )
     For the first quarter of 2001, ClickAction reported quarterly revenue of
 $11 million, up 85% over Q1 2000.  ClickAction reported Email Relationship
 Management (ERM) revenues of $5.3 million, up 398% over Q1 2000.
 ClickAction's strong year-over-year revenue growth, solid gross margin
 improvement and declining expenses as a percentage of revenues gave the
 company a net profit of $232,000 or $0.02 per share for Q1 2001, compared to a
 net loss of $2.2 million or $0.21 per share for Q1 2000.
     "In the midst of an extremely tough macro-economy, we continue to see
 increasing demand for our ERM products and services.  We are not changing our
 2001 guidance, which remains at $53 million to $55 million in revenues, or
 about 60% to 70% annual revenue growth.  Management is also comfortable with
 the current EPS range, which is $0.21 to $0.24 for FY 2001," said
 Gregory Slayton, president and CEO for ClickAction.  "Clients consistently
 benefit from the functionality of our ERM products that deliver and ultimately
 improve their overall return on investments.  We believe our new email
 marketing automation solution, which will be ready to go live later this
 quarter, should provide us with another significant first mover advantage in
 this rapidly growing marketplace."
 
     About ClickAction
     ClickAction, Inc. is a leading provider of electronic messaging and
 customer relationship management products and services.  ClickAction products
 have a proven track record of success in a variety of industries including
 retail, catalog, brand, telecommunications and publishing.  ClickAction is a
 member of TRUSTe, an independent, non-profit organization whose mission is to
 build users' trust and confidence in the Internet.  For more information on
 ClickAction products and services, visit www.clickaction.com or call
 800-473-3141.
 
     Forward Looking Statements
     To the extent that any of the statements contained herein relating to the
 Company are forward-looking, such statements are based on current expectations
 that involve a number of uncertainties and risks.  Such uncertainties and
 risks include, but are not limited to, the development of new products and
 services, the enhancement of existing products and services, the dependence on
 principal customers and partners, competitive pricing pressures, product
 volume and mix, timing of orders received, introduction of competitive
 products and services having technological and/or pricing advantages, and
 overall dynamics of the industry and consolidation.  For further information,
 refer to the risk factors included in the Company's Annual Report on
 Form 10-K/A for the year ended December 31, 2000 and the Company's Quarterly
 Report on Form 10-Q for the quarter ended September 30, 2000, each as filed
 with the Securities and Exchange Commission.
 
 
                                CLICKACTION INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           For the three months ended
                            March 31, 2001 and 2000
                                  (Unaudited)
 
                      (in thousands except per share data)
 
                                                        2001           2000
     Net revenues:
 
     Desktop applications                              $5,698         $4,892
     ERM products and services                          5,314          1,066
      Gross revenues                                   11,012          5,958
     Cost of revenues                                   2,399          1,633
      Gross profit                                      8,613          4,325
 
 
     Operating expenses:
      Product development                               2,087          1,634
      Sales and marketing                               4,809          4,057
      General and administrative                        1,512            916
                                                        8,408          6,607
      Operating income (loss)                             205        (2,282)
     Interest income, net                                  28             41
      Income (loss) before tax expense                    233        (2,241)
     Income tax expense                                    --             --
      Net income (loss)                                  $233       $(2,241)
 
     Basic net income (loss) per share                  $0.02        $(0.21)
 
     Shares used in computing
      basic net income (loss) per share                12,664         10,897
 
     Diluted net income (loss) per share                $0.02        $(0.21)
 
     Shares used in computing diluted
      net income (loss) per share                      14,062         10,897
 
                                CLICKACTION INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                      March 31, 2001 and December 31, 2000
                                  (Unaudited)
                        (in thousands except share data)
 
                                                     March 31,    December 31,
                                                        2001           2000
     ASSETS
      Current assets:
       Cash and cash equivalents                       $4,675         $8,343
       Accounts receivable, net                        18,409         13,189
       Inventories                                      2,073          1,879
       Other current assets                               281            200
         Total current assets                          25,438         23,611
 
      Property and equipment, net                       4,322          4,396
      Other assets                                      2,388          1,149
         Total assets                                 $32,148        $29,156
 
     LIABILITIES AND STOCKHOLDERS' EQUITY
      Current liabilities:
       Accounts payable                                $4,928         $6,969
       Accrued compensation                             1,740          1,166
       Other accrued liabilities                        3,014          2,092
       Current portion-lease payable                                      --
       Deferred revenues                                  413            588
         Total current liabilities                     10,095         10,815
 
      Long term liabilities:
       Lease payable less current portion                  47             --
         Total long term liabilities                       47             --
 
      Stockholders' equity:
       Preferred stock; $0.001 par value; 2,000,000
        shares authorized; 3,500 shares issued and
        outstanding in 2001, none outstanding in 2000   3,265             --
       Common stock; $0.001 par value; 60,000,000
        shares authorized; 12,635,523 and 12,592,312
        shares issued and outstanding in 2001 and 2000,
        respectively                                       13             12
       Deferred stock-based compensation                (105)          (118)
       Additional paid-in capital                      29,011         28,858
       Accumulated deficit                           (10,178)       (10,411)
        Total stockholders' equity                     22,006         18,341
              Total liabilities and stockholders'
              equity                                 $ 32,148        $29,156
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X24596265
 
 

SOURCE ClickAction, Inc.
    PALO ALTO, Calif., April 26 /PRNewswire/ --
 ClickAction(TM) Inc. (Nasdaq:   CLAC), a leading provider of electronic
 messaging and customer relationship management products and services, today
 announced total revenues for the quarter ended March 31, 2001 were up 85% from
 Q1 2000.  Email Relationship Management (ERM) revenues for Q1 2001 were up
 398% from Q1 2000.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990916/SFTH025 )
     For the first quarter of 2001, ClickAction reported quarterly revenue of
 $11 million, up 85% over Q1 2000.  ClickAction reported Email Relationship
 Management (ERM) revenues of $5.3 million, up 398% over Q1 2000.
 ClickAction's strong year-over-year revenue growth, solid gross margin
 improvement and declining expenses as a percentage of revenues gave the
 company a net profit of $232,000 or $0.02 per share for Q1 2001, compared to a
 net loss of $2.2 million or $0.21 per share for Q1 2000.
     "In the midst of an extremely tough macro-economy, we continue to see
 increasing demand for our ERM products and services.  We are not changing our
 2001 guidance, which remains at $53 million to $55 million in revenues, or
 about 60% to 70% annual revenue growth.  Management is also comfortable with
 the current EPS range, which is $0.21 to $0.24 for FY 2001," said
 Gregory Slayton, president and CEO for ClickAction.  "Clients consistently
 benefit from the functionality of our ERM products that deliver and ultimately
 improve their overall return on investments.  We believe our new email
 marketing automation solution, which will be ready to go live later this
 quarter, should provide us with another significant first mover advantage in
 this rapidly growing marketplace."
 
     About ClickAction
     ClickAction, Inc. is a leading provider of electronic messaging and
 customer relationship management products and services.  ClickAction products
 have a proven track record of success in a variety of industries including
 retail, catalog, brand, telecommunications and publishing.  ClickAction is a
 member of TRUSTe, an independent, non-profit organization whose mission is to
 build users' trust and confidence in the Internet.  For more information on
 ClickAction products and services, visit www.clickaction.com or call
 800-473-3141.
 
     Forward Looking Statements
     To the extent that any of the statements contained herein relating to the
 Company are forward-looking, such statements are based on current expectations
 that involve a number of uncertainties and risks.  Such uncertainties and
 risks include, but are not limited to, the development of new products and
 services, the enhancement of existing products and services, the dependence on
 principal customers and partners, competitive pricing pressures, product
 volume and mix, timing of orders received, introduction of competitive
 products and services having technological and/or pricing advantages, and
 overall dynamics of the industry and consolidation.  For further information,
 refer to the risk factors included in the Company's Annual Report on
 Form 10-K/A for the year ended December 31, 2000 and the Company's Quarterly
 Report on Form 10-Q for the quarter ended September 30, 2000, each as filed
 with the Securities and Exchange Commission.
 
 
                                CLICKACTION INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           For the three months ended
                            March 31, 2001 and 2000
                                  (Unaudited)
 
                      (in thousands except per share data)
 
                                                        2001           2000
     Net revenues:
 
     Desktop applications                              $5,698         $4,892
     ERM products and services                          5,314          1,066
      Gross revenues                                   11,012          5,958
     Cost of revenues                                   2,399          1,633
      Gross profit                                      8,613          4,325
 
 
     Operating expenses:
      Product development                               2,087          1,634
      Sales and marketing                               4,809          4,057
      General and administrative                        1,512            916
                                                        8,408          6,607
      Operating income (loss)                             205        (2,282)
     Interest income, net                                  28             41
      Income (loss) before tax expense                    233        (2,241)
     Income tax expense                                    --             --
      Net income (loss)                                  $233       $(2,241)
 
     Basic net income (loss) per share                  $0.02        $(0.21)
 
     Shares used in computing
      basic net income (loss) per share                12,664         10,897
 
     Diluted net income (loss) per share                $0.02        $(0.21)
 
     Shares used in computing diluted
      net income (loss) per share                      14,062         10,897
 
                                CLICKACTION INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                      March 31, 2001 and December 31, 2000
                                  (Unaudited)
                        (in thousands except share data)
 
                                                     March 31,    December 31,
                                                        2001           2000
     ASSETS
      Current assets:
       Cash and cash equivalents                       $4,675         $8,343
       Accounts receivable, net                        18,409         13,189
       Inventories                                      2,073          1,879
       Other current assets                               281            200
         Total current assets                          25,438         23,611
 
      Property and equipment, net                       4,322          4,396
      Other assets                                      2,388          1,149
         Total assets                                 $32,148        $29,156
 
     LIABILITIES AND STOCKHOLDERS' EQUITY
      Current liabilities:
       Accounts payable                                $4,928         $6,969
       Accrued compensation                             1,740          1,166
       Other accrued liabilities                        3,014          2,092
       Current portion-lease payable                                      --
       Deferred revenues                                  413            588
         Total current liabilities                     10,095         10,815
 
      Long term liabilities:
       Lease payable less current portion                  47             --
         Total long term liabilities                       47             --
 
      Stockholders' equity:
       Preferred stock; $0.001 par value; 2,000,000
        shares authorized; 3,500 shares issued and
        outstanding in 2001, none outstanding in 2000   3,265             --
       Common stock; $0.001 par value; 60,000,000
        shares authorized; 12,635,523 and 12,592,312
        shares issued and outstanding in 2001 and 2000,
        respectively                                       13             12
       Deferred stock-based compensation                (105)          (118)
       Additional paid-in capital                      29,011         28,858
       Accumulated deficit                           (10,178)       (10,411)
        Total stockholders' equity                     22,006         18,341
              Total liabilities and stockholders'
              equity                                 $ 32,148        $29,156
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X24596265
 
 SOURCE  ClickAction, Inc.