Dave re: "Revenues and transactions were flat."
I'm confused. The story I read said that revs were up 300% from first quarter last year. Transactions up to 700/month.
Am I mis-reading or misinterpreting? Entirely possible...
CyberCash loss not as large as
expected
By Sandeep Junnarkar
Staff Writer, CNET News.com
April 26, 1999, 5:20 a.m. PT
CyberCash, which processes electronic payments for
traditional retailers as well as online commerce sites,
today reported a first quarter net loss of 40 cents per
share on revenue of $4.6 million.
The net loss was 2 cents per share lower than a consensus of Wall
Street analysts had anticipated, according to First Call. Revenue grew
more than 300 percent from $1.1 million in the year-ago quarter.
CyberCash reported a net loss of 52 cents per share for the same
year-ago period.
"In the first quarter, we continued to make strong progress in each of
our core business areas which will significantly influence the long-term
growth of our business," said CyberCash chief executive Jim Condon
in a prepared statement, referring to the company's merchant signups
and transaction volume. "CyberCash is adding merchants at a rate of
more than 700 a month for its CashRegister service, while average
monthly transaction volume has climbed to 3.1 million, an all-time high."
Peter |
