|
|
|
« back to Release
| Online Resources Reports Strong Third Quarter Results |
Statements of Operations
(In thousands, except per share data)
(Unaudited)
| |
THREE MONTHS ENDED
SEPTEMBER 30, |
NINE MONTHS ENDED
SEPTEMBER 30, |
| |
2001 |
2000 |
2001 |
2000 |
| Revenues: |
| Service fees |
$5,746 |
$3,725 |
$15,904 |
$8,907 |
| Implementation and other revenues |
628 |
479 |
2,042 |
1,775 |
| Total revenues |
6,374 |
4,204 |
17,946 |
10,682 |
| Expenses: |
| Cost of revenues |
3,561 |
3,354 |
10,769 |
9,505 |
| Gross profit |
2,813 |
850 |
7,177 |
1,177 |
| General & administrative |
1,709 |
1,581 |
5,307 |
4,745 |
| Selling and marketing |
1,481 |
2,269 |
4,541 |
6,698 |
| Systems and development |
1,534 |
1,568 |
4,505 |
4,680 |
| Non-recurring charges |
- |
- |
209 |
- |
| Total expenses |
4,724 |
5,418 |
14,562 |
16,123 |
| Loss from operations |
(1,911) |
(4,568) |
(7,385) |
(14,946) |
| Other income (expense) |
(275) |
143 |
(856) |
632 |
| Debt conversion expense |
(922) |
- |
(922) |
- |
| Loss before extraordinary item and cumulative effect of change in accounting principle |
(3,108) |
(4,425) |
(9,163) |
(14,314) |
| Extraordinary item - gain on repurchase of debt |
- |
- |
1,083 |
- |
| Cumulative effect of change in accounting principle |
- |
- |
- |
(217) |
| Net loss |
$(3,108) |
$(4,425) |
$(8,080) |
$(14,531) |
| Basic and diluted loss per share: |
| Loss from operations |
$(0.16) |
$(0.39) |
$(0.63) |
$(1.31) |
| Before extraordinary item and cumulative effect of change in accounting principle |
(0.26) |
(0.38) |
(0.78) |
(1.25) |
| Extraordinary item - gain on repurchase of debt |
- |
- |
0.09 |
- |
| Cumulative effect of change in accounting principle |
- |
- |
- |
(0.02) |
| Net loss |
(0.26) |
(0.38) |
(0.69) |
(1.27) |
| Shares used in calculation of loss per share: |
| Basic and diluted |
11,731 |
11,595 |
11,688 |
11,426 |
|
back
|
|
|
