Salt Lake-based Pacific WebWorks and its subsidiaries reported consolidated net losses of $5.3 million, or 40 cents per diluted share, for the year ended Dec. 31. The net loss for the previous year equated to 27 cents per share.
The company's revenues for 2000 totaled $4.9 million, up from $350,628 in 1999.
The company's revenues for the fourth quarter of 2000 totaled $1.6 million, up from $194,347 in the prior-year period. Fourth-quarter losses totaled $85,580, or six-tenths of a cent per share.
The company's stock price early Tuesday was 90 cents, down 6 cents from Monday's close. In the past year, the price has ranged from 59 cents to $4.75.
Pacific WebWorks produces business software technology for the Internet based on a proprietary source code. The company's top product, Visual WebTools, allows businesses to create, manage, maintain and edit a Web site by and for themselves.