Elk Grove Village, IL-based online auction company uBid Inc. posted a first-quarter net loss
$3.35 million, compared to a net loss of $895,000 in the same period in 1998.
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Revenues for the first quarter of 1999 were $34.3 million, up from $2.1
million recorded in the first quarter of 1998. Registered users increased to
more than 377,000, representing
growth of 65 percent over the fourth quarter of 1998, the company said. This
compares with 25,000 registered users at the end of the first quarter of 1998.
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Operating expenses increased over fourth quarter 1998 levels to $5.6 million,
due to
increased advertising expenditures and investments in infrastructure, but
remained fairly steady with fourth quarter levels as a percentage of sales at
16.5 percent, the company said.
ABSTRACT:: File Format: PDF/Adobe AcrobatUbid.com is different from any of the previous websites. 1( . Higher beginning loss,. denoted by the setup cost, has to be covered by the price http://www.lib.umd.edu/drum/bitstream/1903/1795/1/umi-umd-1776.pdfHOME | December Newsletter:: File Format: PDF/Adobe Acrobat - View as HTMLcharge, the net loss for the quarter was $1.2 million, or. $(0.04) per diluted share, UBID. 07/06/98. 06/08/99. June. Y .7:1. Wyndham International http://www.spinoffadvisors.com/clients/Research/dec99.pdfHOME |
"To have this type of growth coming off an exceptionally strong fourth quarter holiday season clearly indicates that the
online auction concept has
become a strong segment of e-commerce," said Greg Jones, CEO of uBid. "In addition, we maintained a
66 percent repeat buying rate even with the enormous amount of new users. . ."
"Our total unique daily visitors in the quarter increased to 7.6 million, an
increase of 67 percent over the fourth quarter of 1998," he said.
The company is now planning to launch the uBid Auction Community, which allows
merchants and suppliers of all sizes to place their products up for auction
within the uBid site.
InternetNews Realtime IT News - uBid Records 1Q Loss of $3.35 Million:: Elk Grove Village, IL-based online auction company uBid Inc. posted a first-quarter net loss $3.35 million, compared to a net loss of $895000 in the same http://www.internetnews.com/fina-news/article.php/106781/uBid+Records+1Q+Loss+of+335+Million+.htmHOME | SEC Info - PC Mall Inc - 10-K - For 12/31/02:: The loss of a key vendor or decline in demand for products of a key vendor 1 to the Tax Indemnification and Allocation Agreement by and among uBid, http://www.secinfo.com/dsJUq.27.htmHOME |
"We have already had over 300 suppliers apply for membership in the Auction
Community. Vendor response has been phenomenal," said Jones. The Auction
Community site will be launched with more than 100 charter merchants.
Digital River Records $5.34 Million 1Q Loss
Internet Stocks Take A Breather
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