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VerticalNet posts wider fourth-quarter loss

Published on .

Horsham, Pa.--VerticalNet Inc. posted a fourth-quarter net loss of $28.5 million, compared with a net loss of $10.3 million in the fourth quarter of 1999. Revenue for the fourth quarter of 2000 totaled $40.7 million, up from $7.8 million a year earlier. VerticalNet's shares are trading in the low single digits, down from a 52-week high of $148.38. Wall Street is praising the b-to-b company's increasing revenue but is still unsure of its long-term prospects.
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