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uBid Records 1Q Loss of $3.35 Million

Published by: webmaster 2009-01-09

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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Finance News for IT Managers::
Digital River Records $5.34 Million 1Q Loss - 04/27/1999 uBid Records 1Q Loss of $3.35 Million - 04/27/1999 Online Brokerages Report Stellar Growth - 04/26/
http://news.earthweb.com/fina-news/archives.php/199904
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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.pdf
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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.pdf
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"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+.htm
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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.htm
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"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.


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