Opera Announces Financial Results Q3 2004
Oslo, Norway - Nov. 12, 2004
Oslo, Norway - November 12, 2004 - Opera Software ASA today announced financial results for its third quarter ended September 30, 2004.
Operating revenues in the third quarter of 2004 (3Q04) was MNOK 24.6, up from MNOK 18.0 in 3Q03, a growth of 36%. Accumulated ordinary revenue was MNOK 69.5, compared to MNOK 49.7 in 2003, a growth of 40% on a year-to-year basis. Accumulated revenue including extraordinary income was MNOK 157.1.
Revenue from Internet devices grew from MNOK 9.4 in 3Q03 to MNOK 15.1 in 3Q04, a growth of 61%. Accumulated revenue from Internet devices for the year was MNOK 45.8, compared to MNOK 31.6 in 2003, a growth of 45%.
Revenue from desktop products was MNOK 9.5, up from MNOK 8.7 last year, an increase of 9%. Accumulated desktop revenue for the year was MNOK 23.7, compared to MNOK 18.1 in 2003, a growth of 31%.
EBIT in 3Q04 was MNOK -2.4, compared to MNOK -1.0 in 3Q03. Accumulated EBIT excluding extraordinary income was MNOK -3.4, compared to MNOK -5.2 in 2003. Including extraordinary income, accumulated EBIT was MNOK 84.1.
Cashflow from operating activities was MNOK -0.1 in 3Q04. Cash and cash equivalents were MNOK 234.3 at the end of 3Q04.
The full quarterly report and today's presentation to investors can be found at www.opera.com/company/investors/
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With two decades of history, Opera has grown up, side-by-side, with the internet. From browsers, data managing and security apps, to news apps, we connect more than 350 million users and industry partners to the internet, giving more experiences, more data, more money saved, more ideas, more control, more content, and more of what they like. Opera AS is a privately held company and is headquartered in Oslo, Norway. Follow our news at http://www.opera.com/blogs/news/.
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