October 27, 1999 19:34
TABLE - OneMain.com Q3 loss widens
ONEMAIN.COM INC.
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
Sept 30, Sept 30, Sept 30, Sept 30,
1999 1998 1999 1998
Revenues:
Access revenues $25,479 $ 13,912 $ 64,915 $ 36,346
Other revenues 1,524 1,170 4,601 3,414
Total revenues 27,003 15,082 69,516 39,760
Costs and expenses:
Cost of access
revenues 10,481 5,763 26,814 14,925
Cost of other
revenues 464 347 1,371 920
Total costs of
revenues 10,945 6,110 28,185 15,845
Gross margin 16,058 8,972 41,331 23,915
Operating expenses:
Operations & customer
support 3,789 2,461 9,735 6,268
Sales & marketing 4,342 1,848 10,038 4,833
General & Admin 10,407 4,694 23,237 12,028
Equity compensation
expense -- -- 2,594 --
Other (income) expenses
net (29) 50 (124) 295
Total operating
expenses 18,509 9,053 45,480 23,424
EBITDA (a) (2,451) (81) (4,149)
491
Amortization 25,131 19,706 68,241 59,086
Depreciation 2,269 1,082 5,157 3,155
Loss from
operations (29,851) (20,869) (77,547) (61,750)
Interest income 1,172 22 2,463 68
Interest expense (203) (54) (463) (155)
Loss before benefit
for income taxes (28,882) (20,901) (75,547) (61,837)
Benefit for
income taxes 3,449 2,590 9,420 7,778
Net loss (25,433) $(18,311) $(66,127) $(54,059)
Pro forma basic
and diluted net loss
per share (1.12) $ (0.90) $ (3.05) $ (2.65)
Shares used in the
calculation of basic
and diluted net loss
per share 22,612 20,422 21,685 20,422
(( -- New York Technology Newsdesk, (212) 859-1860)) |
