Congratulations to the TRAC team! Outstanding performance considering the crappy year for the markets.
Results of Operations
Years ended December 31, 2000 and 1999
Revenues for the years ended December 31, 2000 and 1999 were $58,767,000 and $46,620,000, respectively, an increase of 26%. The Company's Professional Market segment had revenues for the years ended December 31, 2000 and 1999 of $32,261,000 and $30,482,000, respectively, an increase of 6% for this segment. The Company's Non-Professional Market segment had revenues of $26,506,000 and $16,138,000, respectively, for the years ended December 31, 2000 and 1999, an increase of 64% for this segment. The revenue increase in 2000 is due principally to myTrack's online trading and market data services. The Company obtained its own broker-dealer license and its registration in all of the states by August 2000. Prior thereto, trading revenues include only revenues from the licensing of its trading system, rather than a full amount of commissions paid by customers. |
