ARTG still early in this uptrend?
At the end of the second quarter 2007, the Company had $41.2 million in cash, cash equivalents, and marketable securities.
This past quarter, eleven new customers purchased ATG commerce solutions and forty net new customers purchased eStara solutions. New and repeat business was generated from customers including AT&T, BOLS, Cabela's, Cap Gemini, Clark American, Coke, Dell, Desigual, Hilton, Hyatt, IdeaForest, J2 Communications, James Perse, Kodak, Lithia Motors, National Geographic, PHH Mortgage, Restoration Hardware, Sporting Life, Tommy Hilfiger, and Unisys.
"We are very pleased with our second quarter financial performance," said Julie Bradley, ATG's senior vice president and CFO. "Revenue growth and cash flow from operations have exceeded our expectations. With two quarters behind us, we're executing very well through our business model transition and as a result are raising revenue and cash flow from operations guidance."
Financial Guidance and Business Outlook
Revenue for 2007 is expected to be in the range of $126 million to $130 million. GAAP net income for the year ending December 31, 2007 is expected to be in the range of a net loss of $3.0 million to a net loss of $6.0 million. This guidance includes an estimated $5.0 - $6.0 million of non-cash equity-related compensation expense, amortization of acquired intangibles of $5 million, and compensation expense related to the eStara acquisition of $1.4 million. Cash flow from operations for 2007 is expected to be in the range of $22.0 million to $25.0 million.
about 125 million shares
