Skip to Page Content

Press Releases

« back to Release


Online Resources Reports Robust 1st Quarter

SStatements of Operations
(in thousands, except per share data)
(Unaudited)

  THREE MONTHS ENDED
MARCH 31,
  2001 2000
Revenues:
Service fees $4,930 $2,317
Implementation and other revenues 633 682
Total revenues 5,563 2,999
Expenses:
Cost of revenues 3,648 2,995
Gross profit (loss) 1,915 4
General & administrative 1,746 1,662
Selling and marketing 1,511 2,267
Systems and development 1,502 1,427
Non-recurring charges 209 -
Total Expenses 4,968 5,356
Loss from operations (3,053) (5,352)
Other income (expense) (309) 272
Loss before cumulative effect of change in accounting principle (3,362) (5,080)
Cumulative effect of change in accounting principle - (217)
Net loss $(3,362) $(5,297)
Basic and diluted loss per share:
Loss from operations $(0.26) $(0.48)
Before cumulative effect of change in accounting principle (0.29) (0.46)
Cumulative effect of change in accounting principle - (0.02)
Net loss (0.29) (0.48)
Shares used in calculation of loss per share:
Basic and diluted 11,646 11,135

back

Media Contact: Dorothy Thompson of Online Resources,
703.384.5328
dthompson@orcc.com
Investors Contact: Carl D. Blandino, CFO of Online Resources,
703.394.5100
cblandino@orcc.com