Handspring announced its 4th quarter results today. Revenue was $51.8 million for the quarter, 51% more than the 3rd quarter. From the press release:
Total fiscal year 2000 revenues were $101.9 million, reflecting brisk sales of Visor, Springboard expansion modules and accessories. Excluding amortization of deferred stock compensation, Handspring reported a net loss of $5.9 million during the 4th Quarter, while net loss for fiscal year 2000 was $20.2 million. In line with company expectations, Handspring showed gross margins of 31% for the quarter. Excluding amortization of deferred stock compensation, total operating expenses were $22.1 million, or 43% of revenue.
Looks like Handspring will be in the black by the next quarter. I listened in on the Earnings Call and gleaned the following:
Handspring is adding newer retail partners when possible. Recently, J&R Computer World of NY began selling the Visor.
In a survey Handspring did with its customers, it found that 68% of its customers never owned a handheld
There are now 4000+ Springboard module developers -- 1500 more than when Handspring published their prospectus
Handspring as you know began its "Visor is" campaign recently, and will market the Visor more aggressively through the holiday season.
Will open a manufacturing facility in Guadalajara, Mexico later this summer
Announced the formation of the Handspring Foundation, which began w/ $1 million in Handspring stock. The foundation will be ran by employees and will help charities worldwide.
No details on current units shipped, but Handspring expects to have sold a million units this year.
Handspring plans on relying on developers to create most of the Springboard modules, but will have its own modules periodically.
Handspring will be recieving royalties from any Symbol devices sold with the Springboard slot
Overall a very strong quarter for Handspring. Hopefully the best is yet to come. This C|Net article has some more on the results.