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Online Resources Posts First Quarter 2005 Results
Revenue and Earnings Exceed Raised Guidance
Consolidated Statement of Operations
(In thousands, except per share data)
(Unaudited)
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THREE MONTHS ENDED
MARCH 31, |
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2005 |
2004 |
| Revenues: |
| Account Presentation Services |
$2,827 |
$785 |
| Payment Services |
8,443 |
6,336 |
| Relationship Management Services |
2,045 |
1,931 |
| Professional Services and Other |
1,797 |
715 |
| Total Revenues |
15,112 |
9,767 |
| Expenses: |
| Cost of Revenues |
5,683 |
4,450 |
| Gross Profit |
9,429 |
5,317 |
| General and Administrative |
3,195 |
2,111 |
| Selling and Marketing |
2,475 |
1,867 |
| Systems and Development |
1,275 |
935 |
| Total Expenses |
6,945 |
4,913 |
| Income from Operations |
2,484 |
404 |
| Other Income |
| Interest Income |
29 |
26 |
| Interest Expense |
4 |
2 |
| Total other income |
25 |
24 |
| Income Before Taxes |
2,509 |
428 |
| Income Tax Provision |
60 |
9 |
| Net Income |
$2,449 |
$419 |
| Net Income Per Share: |
| Basic |
$ 0.13 |
$ 0.02 |
| Diluted |
$ 0.11 |
$ 0.02 |
| Shares used in calculation of Net Income (Loss) Per Share: |
| Basic |
19,358 |
17,883 |
| Diluted |
21,606 |
20,097 |
| Reconciliation of Net Income to EBITDA (See Note 1): |
| Net Income |
$2,449 |
$419 |
| Depreciation and amortization |
1,283 |
969 |
| Other Income |
(25) |
(24) |
| Income tax provision |
60 |
9 |
| EBITDA (See Note 1) |
$3,767 |
$1,373 |
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Notes:
1. EBITDA represents earnings before interest, taxes, depreciation and amortization.
Back
Media Contact: Beth Halloran,
Director, Corporate Communications
703.653.2248
bhalloran@orcc.com
Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.653.3155
cgraham@orcc.com
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