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DoubleClick Gross Margins Improve 1Q02 (May 2002)
DoubleClick reported revenue of $83.7 million for 1Q02. Gross margins improved over 500 basis points versus first quarter 2001 to 61.7%. GAAP net loss was ($6.0) million and GAAP EPS was ($0.04) within the range of pro forma EPS guidance provided by the company. Exclusive of certain non-cash and non-recurring items, pro forma net income was $1.4 million for the first quarter with pro forma EPS of $0.01. This is the first time in the company's history that it has reported pro forma profitability in its first quarter.