E-LOAN Inc Q2 results
DUBLIN, Calif., July 28 (Reuters) -
E-LOAN, Inc.
June 30, 1999
Statement of Operations
(in thousands)
Three Months Ended
Jun 30, Jun 30,
1999 1998
Total Revenues $ 4,562 $ 1,233
OPERATING EXPENSES
Operations 4,835 1,157
Sales & marketing 7,574 890
Technology 749 392
General & administration 2,473 319
Amortization of unearned
compensation 5,785 211
Total operating expenses 21,416 2,969
Loss from operations (16,854) (1,736)
Other income, net (66) 29
Net loss (16,920) (1,707)
Accretion on preferred stock (525)
Net loss applicable
to common shareholders ( 17,445) ( 1,707)
Pro forma net loss applicable to
common shareholders per pro forma
common share (1) ( 0.52) ( 0.07)
Pro forma weighted average number
of shares outstanding 33,584 23,314
(1) Pro forma net loss per share has been computed by dividing
net loss applicable to common shareholders by the pro forma
weighted average number of shares outstanding. Pro forma
weighted average shares assume the conversion of all preferred
stock (which were ultimately converted to common stock in
conjunction with the IPO on June 28, 1999), as if the
conversion occurred at the beginning of the period or at date
of issuance, if later. |
