For the quarter ended June 30, the learning-management system supplier reported a net loss of $3.3 million, or 17 cents per share, on revenue of $11.4 million, compared with a loss of $3.3 million, 19 cents, on revenue of $10.4 million for the same period a year ago. Click2Learn expects to have positive cash flow by first quarter of 2002.
Earlier this week, DigitalThink Inc. reported strong growth, though profitability continues to elude the online content provider. For the quarter ended March 31, DigitalThink reported a loss of $4 million, or 11 cents per share, excluding goodwill amortization expenses, on revenue of $15 million, compared with a loss of $6.1 million, or 18 cents per share, on revenue of $6.3 million for the same period last year. Including the charges, the net loss was $8.6 million, or 24 cents per share, up from $7.7 million, or 23 cents per share, a year ago.