re:#238 PPOD - to me the underlying business model of having all these bodies shopping for me, picking my fruits and veges, driving it around town, is a great service BUT is it a great business model? the internet represents the chance to do business without having to touch many apples and oranges along the way...it just ended its Safeway deal..the problem i see is any grocery store can do this themselves..
numbers also don't impress, for its fourth quarter, although yearly results showed good growth...
Total revenues for the fourth quarter were $17.2 million, compared to total revenues of $17.2 million for the same period of 1997. The net loss for the fourth quarter of 1998 was $8.0 million, or $0.47 per share, inclusive of previously announced one-time charges of $2.1 million, or $0.12 per share. This compares to a net loss of $4.2 million, or $0.25 per share, for the same period of 1997. The net loss excluding the one-time charge was $5.9 million or $0.35 per share.
For the year ended December 31, 1998, total revenues were $69.3 million compared with $56.9 million for the year ended December 31, 1997, an increase of 21.8%. The net loss for the year ended December 31, 1998 was $21.6 million, or $1.27 per share. Excluding one-time charges, the net loss for 1998 was $19.5 million, or $1.15 per share, compared with a net loss of $13.0 million, or $0.87 per share in 1997.
best bet for PPOD is for Safeway or Lucky to take them over |
