Mike, I don't know much about WebSideStory, but this is from the article:
"In an echo of the dot-com heyday, WebSideStory is hoping to IPO before turning an annual profit. Formed in September 1996, the company bartered its services for online advertising space for its first few years in business. It began charging for its services in mid-1999, and finally stopped trading its services for advertising in December. Last year it had a net loss of $1.9 million on revenue of $16.4 million. The company squeaked into the black last quarter, turning a profit of $141,000 on revenue of $5 million. "
The article goes on to say they currently have $7.1 million on hand at the moment, and they will use the proceeds of the IPO to "pay off holders of preferred stock" and for working capital.
Let me know how many shares you buy.
