"FreeMarkets Reports Record Fourth Quarter Results; Revenues Grow 340%, Gross Margins Increase to 50%, Exceeding Expectations; Savings to Customers Top $2.7 Billion to Date"
"Revenues for the fourth quarter increased to $34.5 million, up 340% over the fourth quarter of 1999 and 30% over the quarter ended September 30, 2000. Market volumes grew to $3.5 billion, an increase of 153% over the fourth quarter of 1999 and 18% sequentially. Gross margins increased to 50%, compared to 39% in the fourth quarter of 1999 and 46% in the quarter ended September 30, 2000. Net loss for the fourth quarter, excluding stock-based expense and non-cash acquisition-related costs, was $10.4 million, or $0.27 per diluted share, beating the First Call estimate by $0.04 per share, and bettering the $0.41 per diluted share loss reported for the fourth quarter of 1999. "
quicken.excite.com |
