Quarterly Financial Data from F1 - the real deal
QUARTER ENDED (UNAUDITED)
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1998 1999
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MARCH JUNE SEPTEMBER DECEMBER MARCH JUNE SEPTEMBER
31 30 30 31 31 30 30
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(IN THOUSANDS OF U.S. DOLLARS)
STATEMENT OF OPERATIONS:
Net revenues.................................... $ 196 $ 229 $ 184 $ 171 $ 276 $ 488 $ 760
Costs and expenses:
Product, content and technology............... 156 237 455 708 616 1,066 1,499
Marketing and sales........................... 38 93 189 354 355 672 6,130
Corporate, general and administrative......... 186 373 585 796 740 1,013 1,983
Depreciation and amortization................. 16 19 24 48 66 101 169
Share-based compensation...................... -- -- -- -- -- -- 499
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Total costs and expenses........................ 396 722 1,253 1,906 1,777 2,852 10,280
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Loss from operations............................ (200) (493) (1,069) (1,735) (1,501) (2,364) (9,520)
Total other income (expense) net................ (6) (8) (16) 10 (14) 56 224
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Net loss before dividends on Class A convertible
preferred shares.............................. $(206) $(501) $(1,085) $(1,725) $(1,515) $(2,308) $(9,296)
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The results of operations for any quarter are not necessarily indicative of
the results of operations for any future period. In particular, because of our
limited operating and financial history, we have limited meaningful financial
data to estimate revenues and operating expenses.
1998 was uneven, but I like the growth in revenues for 1999.
Jack |
