The two companies (TURF and ALOY) who had successful IPOs and have targeted Generation Y are growing significantly:
Alloy Online's 1st Quarter results:
Net revenues for the first quarter increased 88.7% to $2.5 million compared to $1.3 million in the first quarter of 1998. Gross profit was $1.3 million, or 51.1% of revenues, up substantially from $448,000, or 33.1% of revenues, in the comparable period last year. Operating expenses were $3.5 million compared to $1.8 million in the first quarter of 1998. The net loss for the quarter was $2.3 million, or $0.27 per basic share, compared to $1.3 million, or $0.15 per basic share in the first quarter of 1998. The diluted net loss per share was $0.26 in the first quarter of 1999 versus a diluted net loss per share of $0.15 in the first quarter of 1998.
biz.yahoo.com
iTurf's 1st Quarter results:
Net revenues for the first quarter increased nearly 40 times to $2.6 million from $69,000 in the first quarter of last year. The gross profit for the first quarter was $1.3 million, or 49.1% of revenues compared to $34,000, or 49.3% of revenues in the first quarter of last year. Selling, general and administrative expenses totaled $1.8 million, or 67.0% of revenues, compared to $109,000, or 158.0% of revenues a year ago. The Company reported a net loss for the quarter of $197,000, or $0.01 per share, compared to a net loss of $53,000, or $0.00 per share a year ago.
biz.yahoo.com
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