Intershop misses target once again

Filed in archive Venture Capital on October 2, 2004

This is a sad story - Intershop is running from loss to loss and burning investors money:

"Despite reduced total operational costs due to its current revenue expectations for the second half of 2004, the Company currently expects that it will not be able to meet the anticipated break even on a net income basis in 2004. Intershop now anticipates an annual loss for 2004 in a range between 4.5 and 5.5 million Euro compared to an annual loss in the amount of 18.6 million Euro in 2003 and a loss in the amount of 27.6 million Euro in 2002. The improved results are primarily due to a reduction of operational costs by approximately 50 percent and a revenue projected for 2004 that is slightly lower than 2003.

I had hoped Intershop may one day concentrate on their core business and become profitbable but it appears to be elusive...