Click2learn Announces First Quarter Results

April 20, 2001

For the first quarter of 2001, Click2learn reported total net revenues of $10.7 million, an increase from $9.9 million in the first quarter of 2000. Net loss for the first quarter was $4.4 million, or ($0.24) per share, compared to a net loss of $3.3 million, or ($0.20) per share, for the same period of 2000. The results exceed analyst consensus expectations as reported by First Call.