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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (82404)	2/10/2000 9:11:00 AM
From: Frederick Langford	Respond to of 120523

US Interactive Reports Fourth Quarter and Full Year 1999 Results; Quarterly Revenues Increase 179% Business Editors PHILADELPHIA--(BUSINESS WIRE)--Feb. 10, 2000-- Leading Internet Professional Services Company Positioned for Long Term Growth U.S. Interactive Inc., (Nasdaq:USIT) a leading Internet professional services company, today reports results for its fourth quarter and full year ended Dec. 31, 1999. Revenue for the fourth quarter 1999 was $11.6 million, an increase of 179% from $4.2 million the same period a year ago and a 17% sequential increase over the $9.9 million for the third quarter of 1999. Gross margin widened in the quarter to 49%, up from 44% for the previous quarter. The net loss for the fourth quarter excluding a non-cash charge for amortization of deferred stock compensation and amortization of goodwill was $853,000. EPS excluding amortization of deferred stock compensation and goodwill amortization ("Cash EPS") was a loss of $0.04 per share. For the full year 1999, revenues reached $35.3 million, an increase of 159% over 1998 revenues of $13.6 million.