Last Q International revenue was only 27K, and this Q it is 1.6Mil. That is a huge increase versuses last quarter.
There Transaction Revenues is holding steady; even though I would've like to see a larger increase in this area. Maybe there new 80,000 members will improve on this next quarter.
Also, to answer your question. Yes, that was what I meant by "consistent between quarters".
NO MATTER HOW YOU LOOK AT THEIR INCOME THIS Q VERSUS LAST Q; THEY DID GOOD.
Below are last Q's and this Q's reports.
LAST Q REPORT:
********************
E*TRADE GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
Three Months Ended
December 31,
1997 1996
Revenues:
Transaction revenues $37,684,000 $20,372,000
Interest - net 12,036,000 3,854,000
International 27,000 --
Computer services and other 1,383,000 797,000
Net revenues 51,130,000 25,023,000
Cost of services 22,747,000 12,425,000
Operating expenses:
Selling and marketing 8,100,000 3,216,000
Technology development 4,995,000 2,320,000
Acquired in-process research
and development 2,756,000 --
General and administrative 4,765,000 3,173,000
Total operating expenses 20,616,000 8,710,000
Total cost of services
and operating expenses 43,363,000 21,135,000
Pre-tax income 7,767,000 3,888,000
Income tax expense 2,853,000 1,628,000
Net income $4,914,000 $2,260,000
Net income per share $0.12 $0.07
Weighted average number
of common and common
equivalent shares outstanding 41,766,000 33,374,000
E*TRADE GROUP, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
December 31, September 30,
1997 1997
(Unaudited)
ASSETS
Current assets:
Cash and equivalents $ 7,861,000 $ 21,814,000
Cash and investments required
to be segregated under
Federal or other regulations 58,000,000 15,001,000
Investment securities 193,446,000 191,398,000
Brokerage receivables - net 877,664,000 724,365,000
Other assets 5,325,000 4,744,000
Total current assets 1,142,296,000 957,322,000
Property and equipment - net 20,723,000 18,802,000
Other assets 14,858,000 13,779,000
Total assets $1,177,877,000 $989,903,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Brokerage payables $860,377,000 $681,106,000
Bank loan payable 5,750,000 9,400,000
Accounts payable, accrued
liabilities and other 24,945,000 18,122,000
Total liabilities 891,072,000 708,628,000
Shareholders' equity 286,805,000 281,275,000
Total liabilities and
shareholders' equity $1,177,877,000 $989,903,000
***********************
This Q Report:
********************************
PALO ALTO, Calif., April 7 (Reuters) -
Consolidated Statements of Operations
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
March 31, March 31,
1998 1997 1998 1997
Revenues:
Transaction revenues $37,778 $24,419 $75,462 $44,791
Interest - net 12,617 5,017 24,653 8,871
International 1,593 2,000 1,620 2,000
Computer services and other
1,321 765 2,704 1,562
Net revenues 53,309 32,201 104,439 57,224
Cost of services 24,280 13,198 47,027 25,623
Operating expenses:
Selling and marketing 10,563 7,884 18,663 11,100
Technology development 5,162 2,210 10,157 4,530
Acquired in-process research
and development - - 2,756 -
General and administrative
3,897 3,809 8,662 6,983
Total operating expenses
19,622 13,903 40,238 22,613
Total cost of services and
operating expenses 43,902 27,101 87,265 48,236
Pre-tax income 9,407 5,100 17,174 8,988
Income tax expense 3,289 2,046 6,142 3,674
Net income 6,118 3,054 11,032 5,314
Basic net income per share 0.16 0.10 0.28 0.18
Diluted net income per share 0.15 0.09 0.27 0.16
Shares used in computation of basic
net income per share 39,050 29,941 38,898 29,809
Shares used in computation of diluted
net income per share 41,465 33,446 41,528 33,338 |
