Wink Communications Announces First Quarter Performance Results

Ends Quarter as the Leading Mass-Market Interactive Television Service

In North America



Apr 26, 2001, 01:00 ET from Wink Communications, Inc.

    ALAMEDA, Calif., April 26 /PRNewswire/ -- Wink Communications, Inc.
 (Nasdaq: WINK), announced today financial results for the first quarter ending
 March 31, 2001.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991103/WINKLOGO )
     Revenues for the first quarter were $1.7 million, an increase of 224% as
 compared to the same period a year ago.  The net loss for the quarter was
 $12.6 million, or $0.41 net loss per basic and diluted share, versus a net
 loss of $5.5 million, or $0.18 per basic and diluted share, for the same
 period last year.  A summary of consolidated financial data is attached.
     "During the first quarter, Wink focused solely on the initiatives that are
 key to validating our business model," said Wink's President and CEO Maggie
 Wilderotter.  "We executed on an aggressive deployment schedule with our
 distribution partners, renewed contracts with early-adopter network
 programmers, launched new programming content, aired a record number of
 enhanced advertisements and continued to ink strategic partnerships with
 technology and market leaders."
     "The most significant work done during the quarter involved increasing our
 distribution footprint," added Wilderotter.  "In addition to reaching an
 integration agreement with Gemstar TV Guide we were also able to form a
 long-term relationship with Bell ExpressVu, Canada's largest DBS broadcaster.
 These agreements make way for Wink to rapidly deploy into millions of
 additional digital cable and satellite homes."
     "With more than three million households currently enjoying Wink's
 Enhanced Broadcasting Service, we are well on the way to finishing the year
 with more than six million households.  I'm proud to say that Wink has ended
 the first quarter of 2001 as the leading mass-market interactive television
 solution deployed in North America," concluded Wilderotter.
 
     Quarterly Highlights
     The following are highlights from the first quarter:
 
     -- Wink-enabled households totaled more than three million, a 20% increase
        since December 31st 2000
     -- Quarter-ending DIRECTV households totaled more than 2 million customers
        on the RCA set-top box platform
     -- Panasonic signed as the sixth set-top box manufacturer committed to
        integrate Wink on its DIRECTV receivers
     -- Closed a five year distribution deal with Bell ExpressVu, Canada's
        largest DBS Broadcaster
     -- Completed multiple successful cable system launches with Adelphia,
        Charter, Comcast and Time Warner
     -- Renewed programming agreements with NBC and Turner Broadcasting System,
        Inc.
     -- Launched with Bloomberg Television on DIRECTV with personalized stock
        quotes
     -- Added 6 new national advertisers; Thane International, Hooked on
        Phonics, E*TRADE Bank, Disney Attractions, TD Waterhouse and Time
        Warner Magazines
     -- Increased our ad-airing capabilities to 18 national programming
        networks
     -- Wink advertiser partners aired 59% more Wink-enhanced ads in the first
        quarter as compared to Q4 2000
     -- Interactive Ad impressions increased by a factor of 2.5 during Q1 due
        to an increase in household numbers, the addition of new networks and
        the addition of new brands
     -- 10 additional cable systems turned on Wink service in Q1 bringing the
        number of Wink-enabled cable systems to 40, covering 45 cities that are
        serviced by six of the top eight national cable operators
 
     About the Wink Earnings Call
     Wink will hold a conference call on Thursday April 26th, 2001 at
 2:00 p.m. PDT and 5:00 p.m. EDT. Interested parties may participate in the
 conference call by dialing 800-633-8414 promptly at 2:00 p.m. PDT and
 5:00 p.m. EDT in the U.S and +(212) 346-6506 internationally.  Please be sure
 to state that you want to participate in the "Wink Q1 Earnings Conference
 Call".
     The conference call is also available as a webcast.  Interested parties
 should visit www.themeetingson.com, click on "Web Conferencing," scroll down
 to "access your webcast now" and enter reservation #18529941.  It is suggested
 that visitors log on at least fifteen minutes before the call.  For those
 unable to attend, a replay will be available at www.themeetingson.com
 beginning approximately one hour after the event from 04/26/01 to 05/26/01.
 There is no charge to access this event. For questions regarding the Wink
 Earnings Conference call, please contact Ray Scheppach at 510-337-6347 or
 email ir@wink.com.
 
     About Wink Communications, Inc.
     Wink is a leading provider of interactive television technology and
 services that dramatically improve the TV viewing experience.  The company
 offers an end-to-end system for t-commerce transactions, interactive
 entertainment and information retrieval that is simple to use and free to the
 viewer.  Wink's mass-market solution also collects, analyzes and routes viewer
 behavior and response data to give advertisers and broadcasters a tool to
 collect research and to evaluate the success and value of their television
 campaigns.
     Introduced in June of 1998, Wink's technology is currently available to
 more than three million satellite and cable households in North America and is
 distributed through partnership agreements with major cable and satellite
 operators, network and cable broadcasters, national advertisers and
 manufacturers of consumer electronics equipment.  For more information,
 contact Tonya Hayes (tonya.hayes@wink.com) at 510-337-6315 or visit
 www.wink.com.
 
     The Private Securities Litigation Reform Act of 1995 provides a "safe
 harbor" for forward-looking statements. Certain information included in this
 press release (as well as information included in oral statements or other
 written statements made or to be made by the company) contains statements that
 are forward-looking, such as statements relating to anticipated future
 revenues of the company and success of current product offerings. Such
 forward-looking information involves important risks and uncertainties that
 could significantly affect anticipated results in the future and, accordingly,
 such results may differ materially from those expressed in any forward-looking
 statements made by or on behalf of the company. Other factors that could cause
 or contribute to differing results include, but are not limited to, the rate
 at which Wink is deployed into households, the number of advertisers and
 number of enhanced ads aired and consumer acceptance of the Wink service.  For
 a description of additional risks and uncertainties, please refer to the
 company's filings with the Securities and Exchange Commissions.
     NOTE:  WINK is a registered trademark of WINK Communications, Inc. All
 other products or brand names are trademarks or registered trademarks of their
 respective owners.
 
 
     WINK COMMUNICATIONS, INC.
     SUMMARY CONSOLIDATED FINANCIAL DATA
 
                                                   Quarter Ended
 Quarter Ended
                                                     March 31,       March 31,
                                                       2001             2000
     (In thousands except per share data amounts)
 
     Consolidated Statement of Operations Data:
 
     Net revenues                                      $1,704           $526
 
     Costs and expenses:
       Revenue sharing and launch fees                  4,742            110
       Sales and marketing                              2,004          1,645
       Operating                                        2,666          2,279
       Product development                              2,126          1,817
       General and administrative                       1,642          1,169
       Stock-based costs and expenses                   3,420            653
         Total costs and expenses                      16,600          7,673
     Loss from operations                            (14,896)        (7,147)
     Interest income (expense) and other                2,274          1,673
 
     Net loss                                       $(12,622)       $(5,474)
 
     Net loss per share:
       Basic and diluted                              $(0.41)        $(0.18)
       Weighted averages shares outstanding            31,065         29,919
 
 
                                                     March 31,    December 31,
                                                       2001           2000
     Consolidated Balance Sheet Data:
 
     Cash, cash equivalents and short-term
      investments                                    $107,201       $121,000
     Other current assets                               4,042          6,336
       Total current assets                           111,243        127,336
 
     Property and equipment, net                        4,947          4,638
     Other long-term assets, net                       18,822         14,486
       Total assets                                  $135,012       $146,460
 
     Current liabilities                              $16,683       $ 18,910
     Stockholders' equity                             118,329        127,550
       Total liabilities and stockholders' equity    $135,012       $146,460
 
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X41145214
 
 

SOURCE Wink Communications, Inc.
    ALAMEDA, Calif., April 26 /PRNewswire/ -- Wink Communications, Inc.
 (Nasdaq: WINK), announced today financial results for the first quarter ending
 March 31, 2001.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991103/WINKLOGO )
     Revenues for the first quarter were $1.7 million, an increase of 224% as
 compared to the same period a year ago.  The net loss for the quarter was
 $12.6 million, or $0.41 net loss per basic and diluted share, versus a net
 loss of $5.5 million, or $0.18 per basic and diluted share, for the same
 period last year.  A summary of consolidated financial data is attached.
     "During the first quarter, Wink focused solely on the initiatives that are
 key to validating our business model," said Wink's President and CEO Maggie
 Wilderotter.  "We executed on an aggressive deployment schedule with our
 distribution partners, renewed contracts with early-adopter network
 programmers, launched new programming content, aired a record number of
 enhanced advertisements and continued to ink strategic partnerships with
 technology and market leaders."
     "The most significant work done during the quarter involved increasing our
 distribution footprint," added Wilderotter.  "In addition to reaching an
 integration agreement with Gemstar TV Guide we were also able to form a
 long-term relationship with Bell ExpressVu, Canada's largest DBS broadcaster.
 These agreements make way for Wink to rapidly deploy into millions of
 additional digital cable and satellite homes."
     "With more than three million households currently enjoying Wink's
 Enhanced Broadcasting Service, we are well on the way to finishing the year
 with more than six million households.  I'm proud to say that Wink has ended
 the first quarter of 2001 as the leading mass-market interactive television
 solution deployed in North America," concluded Wilderotter.
 
     Quarterly Highlights
     The following are highlights from the first quarter:
 
     -- Wink-enabled households totaled more than three million, a 20% increase
        since December 31st 2000
     -- Quarter-ending DIRECTV households totaled more than 2 million customers
        on the RCA set-top box platform
     -- Panasonic signed as the sixth set-top box manufacturer committed to
        integrate Wink on its DIRECTV receivers
     -- Closed a five year distribution deal with Bell ExpressVu, Canada's
        largest DBS Broadcaster
     -- Completed multiple successful cable system launches with Adelphia,
        Charter, Comcast and Time Warner
     -- Renewed programming agreements with NBC and Turner Broadcasting System,
        Inc.
     -- Launched with Bloomberg Television on DIRECTV with personalized stock
        quotes
     -- Added 6 new national advertisers; Thane International, Hooked on
        Phonics, E*TRADE Bank, Disney Attractions, TD Waterhouse and Time
        Warner Magazines
     -- Increased our ad-airing capabilities to 18 national programming
        networks
     -- Wink advertiser partners aired 59% more Wink-enhanced ads in the first
        quarter as compared to Q4 2000
     -- Interactive Ad impressions increased by a factor of 2.5 during Q1 due
        to an increase in household numbers, the addition of new networks and
        the addition of new brands
     -- 10 additional cable systems turned on Wink service in Q1 bringing the
        number of Wink-enabled cable systems to 40, covering 45 cities that are
        serviced by six of the top eight national cable operators
 
     About the Wink Earnings Call
     Wink will hold a conference call on Thursday April 26th, 2001 at
 2:00 p.m. PDT and 5:00 p.m. EDT. Interested parties may participate in the
 conference call by dialing 800-633-8414 promptly at 2:00 p.m. PDT and
 5:00 p.m. EDT in the U.S and +(212) 346-6506 internationally.  Please be sure
 to state that you want to participate in the "Wink Q1 Earnings Conference
 Call".
     The conference call is also available as a webcast.  Interested parties
 should visit www.themeetingson.com, click on "Web Conferencing," scroll down
 to "access your webcast now" and enter reservation #18529941.  It is suggested
 that visitors log on at least fifteen minutes before the call.  For those
 unable to attend, a replay will be available at www.themeetingson.com
 beginning approximately one hour after the event from 04/26/01 to 05/26/01.
 There is no charge to access this event. For questions regarding the Wink
 Earnings Conference call, please contact Ray Scheppach at 510-337-6347 or
 email ir@wink.com.
 
     About Wink Communications, Inc.
     Wink is a leading provider of interactive television technology and
 services that dramatically improve the TV viewing experience.  The company
 offers an end-to-end system for t-commerce transactions, interactive
 entertainment and information retrieval that is simple to use and free to the
 viewer.  Wink's mass-market solution also collects, analyzes and routes viewer
 behavior and response data to give advertisers and broadcasters a tool to
 collect research and to evaluate the success and value of their television
 campaigns.
     Introduced in June of 1998, Wink's technology is currently available to
 more than three million satellite and cable households in North America and is
 distributed through partnership agreements with major cable and satellite
 operators, network and cable broadcasters, national advertisers and
 manufacturers of consumer electronics equipment.  For more information,
 contact Tonya Hayes (tonya.hayes@wink.com) at 510-337-6315 or visit
 www.wink.com.
 
     The Private Securities Litigation Reform Act of 1995 provides a "safe
 harbor" for forward-looking statements. Certain information included in this
 press release (as well as information included in oral statements or other
 written statements made or to be made by the company) contains statements that
 are forward-looking, such as statements relating to anticipated future
 revenues of the company and success of current product offerings. Such
 forward-looking information involves important risks and uncertainties that
 could significantly affect anticipated results in the future and, accordingly,
 such results may differ materially from those expressed in any forward-looking
 statements made by or on behalf of the company. Other factors that could cause
 or contribute to differing results include, but are not limited to, the rate
 at which Wink is deployed into households, the number of advertisers and
 number of enhanced ads aired and consumer acceptance of the Wink service.  For
 a description of additional risks and uncertainties, please refer to the
 company's filings with the Securities and Exchange Commissions.
     NOTE:  WINK is a registered trademark of WINK Communications, Inc. All
 other products or brand names are trademarks or registered trademarks of their
 respective owners.
 
 
     WINK COMMUNICATIONS, INC.
     SUMMARY CONSOLIDATED FINANCIAL DATA
 
                                                   Quarter Ended
 Quarter Ended
                                                     March 31,       March 31,
                                                       2001             2000
     (In thousands except per share data amounts)
 
     Consolidated Statement of Operations Data:
 
     Net revenues                                      $1,704           $526
 
     Costs and expenses:
       Revenue sharing and launch fees                  4,742            110
       Sales and marketing                              2,004          1,645
       Operating                                        2,666          2,279
       Product development                              2,126          1,817
       General and administrative                       1,642          1,169
       Stock-based costs and expenses                   3,420            653
         Total costs and expenses                      16,600          7,673
     Loss from operations                            (14,896)        (7,147)
     Interest income (expense) and other                2,274          1,673
 
     Net loss                                       $(12,622)       $(5,474)
 
     Net loss per share:
       Basic and diluted                              $(0.41)        $(0.18)
       Weighted averages shares outstanding            31,065         29,919
 
 
                                                     March 31,    December 31,
                                                       2001           2000
     Consolidated Balance Sheet Data:
 
     Cash, cash equivalents and short-term
      investments                                    $107,201       $121,000
     Other current assets                               4,042          6,336
       Total current assets                           111,243        127,336
 
     Property and equipment, net                        4,947          4,638
     Other long-term assets, net                       18,822         14,486
       Total assets                                  $135,012       $146,460
 
     Current liabilities                              $16,683       $ 18,910
     Stockholders' equity                             118,329        127,550
       Total liabilities and stockholders' equity    $135,012       $146,460
 
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X41145214
 
 SOURCE  Wink Communications, Inc.