Stock Watch: Neoforma Sinks on First-Quarter Loss

Neoforma.com, Inc. (Nasdaq: NEOF) fell 1 5/16 to 7 11/16 Thursday after reporting a first-quarter net loss.

The Santa Clara, California-based Neoforma, a business-to-business (B2B) e-marketplace for medical products, said revenue for the quarter totaled $1.2 million. Most of that total came from transaction fees paid by medical products companies selling their wares on the company’s site.

Neoforma lost $32 million, or 61 cents a share on a pro forma basis, compared with a loss of $3.3 million, or 15 cents, in the year-earlier quarter. There was no revenue in the first quarter of 1999, since the company was still developing its business.

Neoforma went public during the quarter, selling 8 million shares at $13 apiece. The stock traded as high as 78 3/4 before falling back along with other e-commerce issues.

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