CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
THREE AND TWELVE MONTHS ENDED DECEMBER 31, 1998 AND 1997
Three Months Twelve Months
Ended Dec. 31, Ended Dec. 31,
1998 1997 1998 1997Revenues:
Product sales $3,375,000 $789,000 $4,683,000 $1,285,000
Advertising &
set up fees 39,000 59,000 131,000 210,000
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Total revenues 3,414,000 848,000 4,814,000 1,495,000
Cost of revenues 2,679,000 569,000 3,687,000 934,000
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Gross profit 735,000 279,000 1,127,000 561,000
Operating expenses 5,641,000 1,076,000 10,019,000 2,389,000
------------------------------------------------- Loss from
operations (4,906,000) (797,000) (8,892,000) (1,828,000)
Other, net 531,000 7,000 1,004,000 22,000
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Net loss $(4,375,000 $(790,000) $(7,888,000) $(1,806,000)
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Net loss per share,
basic and diluted $(0.61) $(0.20) $(1.22) $(0.48)
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Weighted average common shares outstanding,
basic and diluted 7,227,868 4,000,000 6,461,689 3,780,662 |
