Revenues for the third quarter of 2004 were $17.2 million, compared with revenues of $20.1 million for the second quarter ended June 30, 2004 and $18.6 million for the third quarter of 2003. License revenue for the quarter totaled $4.7 million versus $7.1 million in the second quarter of 2004 and $5.1 million in the comparable quarter of 2003.
In the third quarter of 2004, BroadVision posted net income on a generally accepted accounting principles (GAAP) basis of $23.7 million, or $0.69 per diluted share, which included a restructuring credit of $25.7 million attributable to the settlement and elimination of certain long-term lease obligations. The GAAP net income for the quarter compares with a GAAP net loss of $1.5 million, or $0.04 per diluted share, for the second quarter of 2004, and a GAAP net loss of $10.3 million, or $0.31 per diluted share, in the third quarter of 2003.
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