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Online Resources Posts Strong First Quarter 2004
Consumer Adoption And New Clients Up Sharply
Statements of Operations
(Unaudited)
(In thousands, except per share data)
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THREE MONTHS ENDED
MARCH 31, |
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2004 |
2003 |
| Revenues: |
| Banking Services |
$ 785 |
$ 1,308 |
| Payment Services |
6,336 |
4,575 |
| Consumer Contact Services |
1,931 |
2,415 |
| Professional Services and Other |
715 |
2,712 |
| Total Revenues |
9,767 |
11,010 |
| Expenses: |
| Cost of Revenues |
4,283 |
3,850 |
| Gross Profit |
5,484 |
7,160 |
| General and Administrative |
2,278 |
2,312 |
| Selling and Marketing |
1,867 |
1,545 |
| System and Development |
935 |
891 |
| Total Expenses |
5,080 |
4,748 |
| Income (Loss) from Operations |
404 |
2,412 |
| Other Income (Expense) |
| Interest Income |
26 |
23 |
| Interest Expense |
(2) |
(312) |
| Total Other Income (Expense) |
24 |
(289) |
| Income (Loss) Before Income Taxes |
428 |
2,123 |
| Net Income (Loss) Per Share: |
| Basic |
$ 0.02 |
$ 0.15 |
| Diluted |
$ 0.02 |
$ 0.15 |
| Shares used in calculation of Net Income (Loss) Per Share: |
| Basic |
17,883 |
13,708 |
| Diluted |
20,097 |
14,290 |
| Reconciliation of Net Income to EBITDA (See Note 1): |
| Net Income (Loss) |
$ 419 |
$ 2,123 |
| Depreciation |
969 |
753 |
| Other Income (Expense) |
(24) |
289 |
| Taxes |
9 |
- |
| EBITDA (See Note 1) |
$ 1,373 |
$ 3,165 |
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1. EBITDA represents earnings (loss) before interest, taxes, depreciation and amortization, and gains or losses from extraordinary items.
Back
Media Contact: Beth Halloran,
Director, Corporate Communications
703.394.5248
bhalloran@orcc.com
Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.394.5155
cgraham@orcc.com
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