BroadVision Announces Third Quarter 2012 Results

BroadVision Announces Third Quarter 2012 Results

REDWOOD CITY, Calif., Oct. 24, 2012 (GLOBE NEWSWIRE) -- BroadVision, Inc.
(Nasdaq:BVSN), a global leader in social business solutions, today reported
financial results for its third quarter ended September 30, 2012. Revenues for
the third quarter were $3.6 million, compared with revenues of $3.6 million
for the second quarter ended June 30, 2012 and $4.2 million for the comparable
quarter of 2011.

License revenue for the third quarter of 2012 was $1.3 million, compared with
$1.2 million for the prior quarter and $1.3 million for the comparable quarter
of 2011. The majority of the third quarter license and subscription revenue
was generated from the company's BroadVision® Business Agility Suite™,
Commerce Agility Suite™, QuickSilver™, and Clearvale™ solutions. Revenue
during the quarter was generated from sales to both new and existing customers
such as Cosmos Bank Co. Ltd., CROSSOVER Europe S.r.l., HiSoft Technology
International Limited, SDE Consulting, The Talking Village, and several other
brand-name global customers.

In the third quarter of 2012, BroadVision posted net loss on a U.S. Generally
Accepted Accounting Principles ("GAAP") basis of $0.07 million, or $0.01 per
basic and diluted share, as compared with GAAP net loss of $2.5 million, or
$0.54 per basic and diluted share, for the second quarter of 2012 and GAAP net
loss of $1.6 million, or $0.36 per basic and diluted share, for the comparable
quarter of 2011.

As of September 30, 2012 the Company had $52 million of cash and cash
equivalents and short-term investments, compared to a combined balance of
$54.4 million as of December 31, 2011.

"With Hybrid networks as an integral component for organizations to
collaborate and communicate internally, externally and across company and
organization boundaries, our Clearvale ESN services offer customers high
fidelity mapping of real business relationship and structures.The latest
release of Clearvale provides a unified platform for the enterprise to manage
its complex social business ecosystem, empowering new B2B/B2C use cases and
complementing ESN's core B2E usage," said Dr. Pehong Chen, President and CEO,
BroadVision."We are investing in go-to-market initiatives to roll out our
compelling ESN solutions globally, including our PaasPort program for channel
partners and our Social Enterprise Transformation (SET) program designed to
drive successful end user adoption.As cloud-based social business networks
gain wider adoption, we believe Clearvale is well positioned to dramatically
change how people and businesses collaborate and in doing so transform the
entire industry."

Conference Call Information

BroadVision management will host a conference call today, Wednesday,October
24th, 2012, at 2:00PM Pacific Daylight Time (PDT). The conference call may be
accessed by dialing: 1-866-200-6965, with pin code 66054938#. Callers outside
North America should call +1-646-216-7221 to be connected. These numbers can
be accessed 15 minutes before the call begins, as well as during the call. A
web replay will also be available following the call on the Company's website.

About BroadVision

Driving innovation since 1993, BroadVision (Nasdaq:BVSN) is an innovative
provider of e-business and social networking solutions for organizations
seeking to grow profitably by improving online business processes through
invited participation and social interaction. Our solutions -- including
Clearvale, the world's first network of networks for the socially driven
enterprise -- enable mission-critical e-business for next-generation
organizations around the globe. The customers benefiting from BroadVision
solutions include Aeroxchange Ltd., Centre for Railway Information Systems,
Controller General of Defence Accounts, Fiat S.p.A., Hilti AG, Iberia, Indian
Railways Catering and Tourism Company, Kotak Mahindra Bank Ltd., Malayala
Manorama Co. Ltd., Promart Retail India Pvt. Ltd., SINA, SOFTBANK TELECOM
Corp., Thomas Cook India Ltd., Vodafone, and more. Visit www.BroadVision.com
for more details.

For more information about Clearvale, visit www.clearvale.com.

BroadVision, Business Agility Suite, Commerce Agility Suite, QuickSilver, and
Clearvale are trademarks or registered trademarks of BroadVision, Inc. in the
United States and other countries. All other company names, product names, and
marks are the property of their respective owners.

The BroadVision logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5621

Information Concerning Forward-Looking Statements

Information in this release that involves expectations, beliefs, hopes, plans,
intentions or strategies regarding the future are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and within the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, which forward-looking statements involve risk and uncertainties.
All forward-looking statements included in this release, including statements
about marketing strategy for Clearvale and Clearvale's impact on users and the
industry, are based upon information available to BroadVision as of the date
of this release, and BroadVision assumes no obligation to update or correct
any such forward-looking statements. These statements are not guarantees of
future performance and actual results could differ materially from
BroadVision's current expectations. Various factors and risks associated with
BroadVision's business are discussed in its most recent annual report on Form
10-K and in BroadVision's quarterly reports on Form 10-Q as filed with the
Securities and Exchange Commission.

BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
                                                              
                                                 September 30 December 31
                                                 2012         2011
                                                 (Unaudited)  
ASSETS                                                        
Current assets:                                               
Cash, cash equivalents and short-term investments $52,033      $54,414
Other current assets                               4,280        6,301
Total current assets                              56,313       60,715
Other non-current assets                          547          287
Total assets                                      $56,860      $61,002
LIABILITIES AND STOCKHOLDERS' EQUITY                          
Current liabilities                               $7,180       $10,296
Other non-current liabilities                     1,160        936
Total liabilities                                 8,340        11,232
Total stockholders' equity                         48,520       49,770
Total liabilities and stockholders' equity         $56,860      $61,002

                                                                  
BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
                                         Three Months Ended Nine Months Ended
                                         September 30       September 30
                                         2012     2011      2012     2011
                                                                  
Revenues:                                                          
Software licenses                         $1,267   $1,338    $3,818   $3,888
Services                                  2,361    2,909     7,234    9,471
Total revenues                            3,628    4,247     11,052   13,359
                                                                  
Cost of revenues:                                                  
Cost of software licenses                 39       1         73       10
Cost of services                          1,157    1,472     3,588    4,724
Total cost of revenues                    1,196    1,473     3,661    4,734
                                                                  
Gross profit                              2,432    2,774     7,391    8,625
                                                                  
Operating expenses:                                                
Research and development                  1,558    1,523     4,796    5,046
Sales and marketing                       1,264    1,332     4,316    4,437
General and administrative                908      965       3,037    3,062
Restructuring charge                     0        49        12       488
Total operating expenses                  3,730    3,869     12,161   13,033
                                                                  
Operating loss                            (1,298)  (1,095)   (4,770)  (4,408)
                                                                  
Other income (expense) , net              1,308    (526)     970      927
                                                                  
Income (Loss) before provision for income 10       (1,621)   (3,800)  (3,481)
taxes
                                                                  
Provision for income taxes                (76)     (20)      (106)    (95)
                                                                  
Net loss                                  $(66)    $(1,641)  $(3,906) $(3,576)
                                                                  
Basic loss per share                      $(0.01)  $(0.36)   $(0.84)  $(0.80)
Diluted loss per share                    $(0.01)  $(0.36)   $(0.84)  $(0.80)
                                                                  
Shares used in computing:                                          
Weighted average shares-basic             4,657    4,505     4,627    4,494
Weighted average shares-diluted           4,657    4,505     4,627    4,494

CONTACT: BroadVision Contact:
         Peter Chu
         Investor Relations
         (650) 295-0716 x7177
         ir1@broadvision.com

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