Take a look at this. Vert reported no news today, but did have this earnings report released on 3/2. The stock is up 44 to 102 yesterday and today! If you noticed, Q4 earnings loss grows! This is recent IPO ISP. The point is, it is an Inet stock with an increase loss in the fourth quarter and suddenly, the stock takes off! There is hope for all Inet stocks!!!
TABLE - VerticalNet Inc <VERT.O> Q4 net loss grows
HORSHAM, Pa., March 2 (Reuters) -
Three months ended Year ended
December 31, December 31,
1998 1997 1998 1997
Revenues $ 1,272,970 $ 241,174 $ 3,134,769 $ 791,822
Costs and Expenses:
Editorial and
operational 1,137,086 381,941 3,237,971 1,055,725
Product development
606,742 260,284 1,404,557 711,292
Sales and marketing
3,489,255 952,047 7,894,662 2,300,365
General and
administrative
1,019,883 497,355 3,823,593 1,388,123
Amortization of
goodwill 179,425 282,990
Operating loss
(5,159,421) (1,850,453) (13,509,004) (4,663,683)
Interest and dividend
income 47,595 3,285 212,130 10,999
Interest expense
(148,032) (89,207) (297,401) (126,105)
Interest, net
(100,437) (85,922) (85,271) (115,106)
Net loss (5,259,858) (1,936,375) (13,594,275) (4,778,789)
Basic and diluted loss
per share (2.00) (0.77) (5.29) (1.89)
Shares used in
computing basic
and diluted net loss
per share 2,631,552 2,526,865 2,570,550 2,526,865
Pro forma net loss per
share (1) (0.43) (0.25) (1.28) (0.77)
Shares used in
computing
pro forma net loss per
share 12,366,397 7,688,156 10,635,489 6,184,326
NOTE: (1) Pro forma net loss per share is computed using the weighted
average number of shares of common stock, including common equivalent shares
from the convertible preferred shares which were converted into common shares
upon the completion of the Company's IPO on February 10, 1999.
20:24 03-02-99 |
