Bridges.com Reports Record Results
ca.biz.yahoo.com
KELOWNA, BC, Sept. 26 /CNW/ - The third quarter of 2000 was the best three months in the history of Bridges.com Inc. (TSE:BIT - news). Revenues recognized for June, July and
August 2000 were $4,979,596 -- more than the company's total revenue for all of fiscal 1999.
And much more, including --
The third quarter of 2000 was the best three months in the history of Bridges.com. Revenues of $4,979,596 were recognized in the quarter, more than the total revenue for all of fiscal 1999. The 1,063 new sales of Career Explorer in Q3 represented an 18 per cent increase in our subscriber community. The new elementary product, Paws in Jobland, received over 400 pre- launch orders.
Most significantly, our earnings before interest, taxes, depreciation and amortization (EBITDA) were $1,163,762 in the third quarter.
For the first nine months ending August 31, 2000, Bridges.com reported revenues of $8,445,774, a 151 per cent increase over the first three quarters of 1999. Operational costs of $7,720,456 yielded a nine-month EBITDA of $725,318 net cash inflow for the period. Amortization expenses of $2,011,901, resulting primarily from the Careerware acquisition in Q2, produced a net loss of $876,759 for the nine months, and a loss of $0.09 per share. Net cash inflow for the period was $5,190,693, resulting in a cash position of $7,377,705 at the end of the August.
*******************
Great cash position!
Disappointing that amortization regarding the Careerware acquisition led to a small loss for the quarter but otherwise the numbers sound great, and I think much better is coming.
Cush |
