Radware Ltd. announces preliminary revenue estimates for the fourth quarter of 1999
Radware Ltd., (Nasdaq:RDWR), a leading provider of Internet traffic management solutions enabling continuous access to Web sites, IP applications and content, today is pleased to announce that, based on preliminary financial results, it estimates that revenues for the fourth quarter of 1999 will exceed $4.9 million, an increase of over 170%, as compared to $1.8 million for the fourth quarter of 1998, and an increase of over 35%, as compared to $3.6 million for the third quarter of 1999. Radware expects that it will achieve a very modest level of profitability in the fourth quarter, compared to losses for all prior quarters.
These estimates are preliminary in nature only, and are subject in all respects to completion of various internal analyses and procedures necessary to finalize Radware’s review of its results of operations for the period.
Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. Radware’s Internet traffic management solutions enable customers to manage their network infrastructure to bypass system failures and to scale their network infrastructure to accommodate increasing IP traffic. Radware’s products improve the productivity of network infrastructure by distributing traffic within a network to optimize the use of available network resources. Radware’s products can be deployed either as independent solutions to address specific application needs at a particular location within a network or as an end-to-end integrated solution to manage traffic throughout a network.
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the company’s products, successful implementation of the company’s products, economic and competitive factors, international market conditions, technological developments, the ability to finance operations and other factors which are detailed in the company’s SEC filings.