Agile Software Corp. (Nasdaq: AGIL) reported a net loss of $4.1 million or $1.23 per share in the first quarter of fiscal 2000 compared to a net loss of $2.6 million or 94 cents a share for the same period in fiscal 1999.
Shares in the maker of software enabling communication between manufacturers and suppliers, rose 7 5/8 to 50 1/2, or 18 percent at Thursday's close ahead of the release. There was no First Call consensus estimate for the recently public company.
For the first quarter ended July 31, 1999, total revenues increased to $5.9 million, an 82 percent gain compared to revenues of $3.2 million for the same period in fiscal 1999.
On August 20, 1999 Agile Software completed its initial public offering, with 3,450,000 shares priced at $21.00 each. Shares closed up 18 7/8, or 90 percent, to 39 7/8 in their first day of trading. Net proceeds to the company were $67.4 million or $19.53 per share. The company also sold 665,641 shares at $19.53 each to Dell Computer Corporation (Nasdaq: DELL), Flextronics International Ltd. (Nasdaq: FLEX), and Marshall Industries (NYSE: MI).
Agile Software Corporation develops and markets product content management software for e-supply chains. Customers include Gateway, Texas Instruments, Philips Mobile Computing, Lucent Technologies, Solectron, and others.