The BroadVision Blog

BroadVision Sets Date to Announce Third Quarter Results

REDWOOD CITY, Calif., Oct. 26, 2016 (GLOBE NEWSWIRE) — BroadVision, Inc. (NASDAQ:BVSN), a leading provider of e-business and engagement management solutions, today announced that it will release its third quarter 2016 financial results on Wednesday, November 9, 2016, at approximately 1:30PM Pacific Standard Time (PST).

In addition, the company will host an Investor/Analyst conference call at 2:00PM PST. Dial-in information is: +1 (888) 771-4371, with pin code 43688649#. Callers outside North America should call +1 (847) 585-4405 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Company executives will review financial results and discuss the state of BroadVision’s business during the call.

About BroadVision 
Driving innovation since 1993, BroadVision (NASDAQ:BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results. BroadVision solutions — including Vmoso for virtual, mobile, social business collaboration and knowledge management and Clearvale for enterprise social networking — are available globally in the cloud via the Web and mobile applications.

Visit www.BroadVision.com for more details.

BroadVision Contact:

Peter Chu 
Investor Relations 
(650) 295-0716 x7177 
ir1@broadvision.com

BroadVision Announces Vmoso Keystone Release

 

 

Key Modules Include Big Knowledge, Process Management, Integration Bot, and Management Center

 

REDWOOD CITY, Calif., September 29, 2016 — BroadVision, Inc. (Nasdaq: BVSN), a leading global provider of digital business transformation solutions, today announced a major incremental release of its flagship Vmoso platform with a wide range of new functionality across several key modules, including:

 

  • Vmoso Big Knowledge (VBK). Leveraging Vmoso’s patented “single source of truth” architecture, VBK empowers any enterprise knowledge, whether internal or external to Vmoso, to be captured and retained at its source, which in turn can be easily shared to and effectively attained by all colleagues for making timely decisions and correct actions, delivering compelling insights and ensuring business continuity.

 

  • Vmoso Process Management (VPM). Unifying structured workflow with unstructured collaboration, VPM provides an extensible framework to transform stodgy PC-centric business processes into a highly engaging mobile-centric experience for each participant, driving clear workforce accountability and sustainable operating efficiency.

 

  • Vmoso Integration Bot (VIB). Architected as an open system, Vmoso offers 500+ RESTful APIs to access every aspect of the system.  VIB preconfigures a number of essential APIs into a reusable framework, from which all enterprise activities can be integrated into a “universal inbox”, personalized for each user, via either Vmoso itself or as embedded in any external sources, such as existing PC or mobile apps/portals, systems of record, Internet of Things (IoT), etc.   This fosters a holistic and high-impact collaborative environment, resulting in superior user experience, unprecedented knowledge retention, and accelerated business cycle time.  Initial VIB instances include DocuSign, Exchange/Outlook, Google-Drive, Gmail, Redmine, Salesforce, SharePoint, Slack, SugarCRM, Watson, WeChat, etc.

 

  • Vmoso Management Center (VMC). Optimized for enterprise-wide account management, user/service provisioning/billing, data/content policy & compliance, etc., VMC allows an organization to manage, monitor, and support users and their usage at both global and local levels under both public and private cloud installations.   Specifically, intranet/extranet hybrid use cases involving internal users only vs. internal/external user combinations can be provisioned but safeguarded within the same site via VMC, maximizing the enterprise ecosystem’s reach while guaranteeing the highest level of data security and information privacy.

 

“We are truly excited about this Vmoso Keystone Release,” commented BroadVision CEO, Dr. Pehong Chen, Once again, we have pushed the digital workplace / business transformation envelope even farther, enabling the entire enterprise to work more smartly inside, engage customers more intimately outside, institutionalize valuable tacit knowledge from the origin, and together get more things done in significantly less time; generate more business value under considerably less cost.”

 

Learn more about these exciting new features in our summary video at http://www.broadvision.com/en/vmoso/whats-new-sept16

 

 

About Vmoso

Vmoso is a mobile-centric application platform for empowering digital business transformation, where knowledge management meets enterprise communication, collaboration, and engagement.  It unifies email, instant messaging, content sharing, workflow, and social networking into one integrated user experience, forming a single source of truth across a detailed corporate knowledge web, to significantly enhance both internal collaboration and external engagement, delivering substantial gains in both business velocity and value.

 

Visit www.BroadVision.com/Vmoso for more details.

 

About BroadVision

Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.  BroadVision® solutions—including Vmoso for digital business transformation and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications.

 

Visit www.BroadVision.com for more details.

 

♦ BroadVision and all its case-sensitive permutations are trademarks of BroadVision, Inc., registered in the United States and other countries.

 

BroadVision Contact:

Shalease Hanchett

(650) 331 1000

BroadVision Announces Second Quarter 2016 Results


REDWOOD CITY, CA — August 10,
2016 — BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its second quarter ended June 30, 2016. Revenues for the second quarter were $1.9 million, compared with revenues of $2.0 million for the first quarter ended March 31, 2016 and $2.2 million for the comparable quarter of 2015.

License revenue for the second quarter of 2016 was $1.0 million, same as for the prior quarter and $1.1 million for the comparable quarter of 2015. The majority of the second quarter license and subscription revenue was generated from the Company’s BroadVision® Business Agility Suite™, Commerce Agility Suite™, QuickSilver™, and Clearvale® solutions. Revenue during the quarter was generated from sales to both new and existing customers.

In the second quarter of 2016, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.6 million, or $0.53 per basic and diluted share, as compared with GAAP net loss of $2.1 million, or $0.42 per basic and diluted share, for the first quarter of 2016 and GAAP net loss of $2.5 million, or $0.51 per basic and diluted share, for the comparable quarter of 2015.

As of June 30, 2016, the Company had $25.0 million of cash and cash equivalents and short-term investments, compared to a combined balance of $27.3 million as of March 31, 2016 and $35.3 million as of June 30, 2015.

“Over the past quarter we began promoting  Vmoso as a mobile platform to our legacy customers for enhancing both  their internal enterprise collaboration or external business engagement, which has been very well received across the entire installed base.  On top of that, we continue to develop key partnerships and target net new lighthouse accounts for Vmoso globally, gaining solid momentum in all key markets,” said Dr. Pehong Chen President, and CEO of BroadVision. “Vmoso’s strategic strength is to improve productivity and knowledge management through transformative changes in how people work. This message is resonating with customers and gaining traction vis-a-vis group chat offerings such as Facebook for Work, Skype for Business, Slack, etc.”

Conference Call Information
BroadVision management will host a conference call today, Wednesday, August 10, 2016, at 2:00PM Pacific Daylight Time (PDT). The conference call may be accessed by dialing: 1-888-771-4371, with pin code 42767799. Callers outside North America should call +1-847-585-4405 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Afterwards, an audio recording of the call will also be available on the Company’s website at www.BroadVision.com.

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.  BroadVision® solutions—including Vmoso for virtual, mobile, and social business collaboration, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit www.BroadVision.com for more details.

BroadVision, Business Agility Suite, Commerce Agility Suite, QuickSilver, and Clearvale are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. All other company names, product names, and marks are the property of their respective owners.

Information Concerning Forward-Looking Statements
Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future, including statements regarding BroadVision’s ability to enhance customers’ businesses, market acceptance of Vmoso and the ability of Vmoso to transform business operations , are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

These risks and uncertainties include without limitation uncertainty regarding market acceptance of BroadVision’s products and services, BroadVision’s ability to sell Vmoso to its existing customers and new customers, BroadVision’s ability to provide reliable, scalable and cost-efficient Cloud-based offerings, BroadVision’s ability to effectively compete in its intensely competitive market and respond effectively to rapidly changing technology, evolving industry standards and changing customer needs, requirements or preferences, and the other risks set forth in BroadVision’s most recent annual report on Form 10-K, as amended, and subsequent reports filed with the Securities and Exchange Commission.

All forward-looking statements included in this release are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statements except as required by law. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations.

 BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

  June 30, 2016


 December 31, 2015


 (unaudited)
   ASSETS
  Current assets:
   Cash, cash equivalents and short-term investments$ 24,979$ 29,131
   Other current assets 2,026 2,849
   Total current assets 27,005 31,980
   Other non-current assets 226 230
   Total assets$ 27,231$ 32,210
   LIABILITIES AND STOCKHOLDERS’ EQUITY
   Current liabilities$ 5,216$ 5,783
   Other non-current liabilities 822 918
   Total liabilities 6,038 6,701
   Total stockholders’ equity 21,193 25,509
   Total liabilities and stockholders’ equity$ 27,231$ 32,210

BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
(unaudited)

  Three Months Ended Six Months Ended
  June 30, June 30,
  2016 2015 2016 2015
  Revenues:            
  Software licenses $ 1,010 $ 1,109 $ 2,029 $ 2,196
  Services   912   1,078   1,902   2,487
  Total revenues   1,922   2,187   3,931   4,683
  Cost of revenues:            
  Cost of software revenues   43   40   81   85
  Cost of services   807   817   1,579   1,534
  Total cost of revenues   850   857   1,660   1,619
  Gross profit   1,072   1,330   2,271   3,064
  Operating expenses:            
  Research and development   1,703   1,797   3,446   3,655
  Sales and marketing   1,100   1,305   2,251   2,445
  General and administrative   964   866   1,949   1,754
  Total operating expenses   3,767   3,968   7,646   7,854
  Operating loss   (2,695)   (2,638)   (5,375)   (4,790)
  Other income (expense), net   98   143   754   (1,245)
  Loss before provision for income taxes   (2,597)   (2,495)   (4,621)   (6,035)
  Provision for income taxes   (6)   (1)   (33)   (16)
  Net loss $ (2,603) $ (2,496) $ (4,654) $ (6,051)
  Earnings per share, basic and diluted:            
  Basic and diluted loss per share $ (0.53) $ (0.51) $ (0.95) $ (1.25)
  Shares used in computing:            
  Weighted average shares-basic and diluted   4,914   4,849   4,905   4,841

BroadVision Sets Date to Announce Second Quarter Results

Redwood City, CA – July 27, 2016 – BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today announced that it will release its second quarter 2016 financial results on Wednesday, August 10, 2016, at approximately 1:30PM Pacific Daylight Time (PDT).

In addition, the company will host an Investor/Analyst conference call at 2:00PM PST. Dial-in information is: +1 (888) 771-4371, with pin code 42767799#. Callers outside North America should call +1 (847) 585-4405 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Company executives will review financial results and discuss the state of BroadVision’s business during the call.

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results. BroadVision® solutions — including Vmoso for virtual, mobile, social business collaboration and knowledge management and Clearvale for enterprise social networking — are available globally in the cloud via the Web and mobile applications.
Visit www.BroadVision.com for more details. For pdf download, click here

BroadVision Contact:

Peter Chu
Investor Relations
(650) 295-0716 x7177
Ir1@broadvision.com

BroadVision and all its case-sensitive permutations are registered trademarks of BroadVision, Inc. in the United States of America and other countries.

BroadVision Announces First Quarter 2016 Results

REDWOOD CITY, CA — May 4, 2016 — BroadVision, Inc. (NASDAQ: BVSN), a leading provider of e-business and engagement management solutions, today reported financial results for its first quarter ended March 31, 2016. Revenues for the first quarter were $2.0 million, compared with revenues of $2.7 million for the fourth quarter ended December 31, 2015 and $2.5 million for the comparable quarter of 2015.

License revenue for the first quarter of 2016 was $1.0 million, compared with $1.2 million for the prior quarter and $1.1 million for the comparable quarter of 2015. The majority of the first quarter license and subscription revenue was generated from the Company’s BroadVision® Business Agility Suite™, Commerce Agility Suite™, QuickSilver™, and Clearvale® solutions. Revenue during the quarter was generated from sales to both new and existing customers.

In the first quarter of 2016, BroadVision posted net loss on a U.S. Generally Accepted Accounting Principles (“GAAP”) basis of $2.1 million, or $0.42 per basic and diluted share, as compared with GAAP net loss of $3.3 million, or $0.68 per basic and diluted share, for the fourth quarter of 2015 and GAAP net loss of $3.6 million, or $0.74 per basic and diluted share, for the comparable quarter of 2015.

As of March 31, 2016, the Company had $27.3 million of cash and cash equivalents and short-term investments, compared to a combined balance of $29.1 million as of December 31, 2015 and $36.3 million as of March 31, 2015.

“In Q1, we continued to expand our Vmoso partnerships globally and we now have hosting and reseller partnerships in our four main regions of NASA, EMEA, Asia-Pacific and Japan,” said Dr. Pehong Chen, President, and CEO of BroadVision. “Our partners play a critical role in driving awareness and enterprise adoption for Vmoso. They are an important voice in promoting the value of Vmoso as a mobile-centric, unified business communication and collaboration platform that takes fragmented information from immediate use and creates valuable long-term corporate knowledge.”

Conference Call Information
BroadVision management will host a conference call today, Wednesday, May 4, 2016, at 2:00PM Pacific Daylight Time (PDT). The conference call may be accessed by dialing: 1-888-771-4371, with pin code 42398724. Callers outside North America should call +1-847-585-4405 to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call. Afterwards, an audio recording of the call will also be available on the Company’s website at www.BroadVision.com.

About BroadVision
Driving innovation since 1993, BroadVision (NASDAQ: BVSN) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.  BroadVision® solutions—including Vmoso for virtual, mobile, and social business collaboration, and Clearvale for enterprise social networking—are available globally in the cloud via the Web and mobile applications. Visit www.BroadVision.com for more details.

#   #   #

BroadVision, Business Agility Suite, Commerce Agility Suite, QuickSilver, and Clearvale are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. All other company names, product names, and marks are the property of their respective owners.

 

Information Concerning Forward-Looking Statements

Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future, including statements regarding BroadVision’s ability to enhance customers’ businesses, the ability of Vmoso to create valuable long-term corporate knowledge and the ability of BroadVision’s partners to drive awareness and enterprise adoption for Vmoso, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include without limitation uncertainty regarding market acceptance of BroadVision’s products and services, BroadVision’s ability to sell Vmoso to its existing customers and new customers, BroadVision’s ability to provide reliable, scalable and cost-efficient Cloud-based offerings, BroadVision’s ability to effectively compete in its intensely competitive market and respond effectively to rapidly changing technology, evolving industry standards and changing customer needs, requirements or preferences, and the other risks set forth in BroadVision’s most recent annual report on Form 10-K, as amended, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statements except as required by law. These statements are not guarantees of future performance and actual results could differ materially from BroadVision’s current expectations.

BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

March 31,December 31,
20162015
ASSETS(unaudited)
Current assets:
Cash, cash equivalents and short-term investments$ 27,285$ 29,131
Other current assets2,190 2,849
Total current assets 29,47531,980
Other non-current assets222 230
Total assets$29,697$ 32,210
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$ 5,295$ 5,783
Other non-current liabilities838 918
Total liabilities6,133 6,701
Total stockholders’ equity23,564 25,509
Total liabilities and stockholders’ equity$ 29,697$ 32,210

BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
(unaudited)

Three Months Ended
March 31,
20162015
Revenues:
Software licenses$ 1,019$ 1,087
Services 990 1,409
Total revenues 2,0092,496
Cost of revenues:
Cost of software revenues 38 45
Cost of services 772 717
Total cost of revenues 810 762
Gross profit 1,199 1,734
Operating expenses:
Research and development 1,743 1,858
Sales and marketing 1,151 1,140
General and administrative 985 888
Total operating expenses3,879 3,886
Operating loss (2,680) (2,152)
Other Income (expense), net 656 (1,388)
Loss before provision for income taxes (2,024) (3,540)
Provision for income taxes (27) (15)
Net loss$ (2,051)$ (3,555)
Earnings per share, basic and diluted:
Basic and diluted loss per share$ (0.42)$ (0.74)
Shares used in computing:
Weighted average shares-basic and diluted 4,896 4,833

BroadVision Contact:
Peter Chu
Investor Relations
(650) 295-0716 x7177
Ir1@broadvision.com