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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ajay Nandanwar who wrote (1033)	4/15/1998 8:05:00 PM
From: Sowbug	Respond to of 4903

The have revenues of $89 mil. Is that overall sales figure through their site, or is it just the commission they get from all the vendors? Seems it has to be revenues, not commission. I haven't used Onsale, but if the commission were 10%, then $89 million would be a commission on nearly a billion dollars in sales. Also, "revenues" usually means gross income, not operating income or net profit. But I admit I'm just talking out of my arse.

To: Ajay Nandanwar who wrote (1033)	4/15/1998 8:47:00 PM
From: CatLady	Read Replies (2) \| Respond to of 4903

That is TOTAL revenue. Commission sales are decreasing as a percentage of revenue. ---------------------- ONSALE, Inc. STATEMENTS OF OPERATIONS (amounts in thousands, except per share data) (unaudited) Three months ended Year ended Dec. 31, Dec. 31, -------------------------------------- 1997 1996 1997 1996 Revenue: ----- ----- ----- ----- Merchandise $ 32,243 $ 7,622 $ 85,997 $12,573 Commission and Other Revenue 788 684 2,984 1,696 Total revenue 33,031 8,306 88,981 14,269 Cost of revenue 29,316 7,076 77,723 11,539 Gross profit 3,715 1,230 11,258 2,730 ------ ------ ------ ------ Operating expenses: Sales and marketing 2,612 379 5,885 891 General and administrative 2,412 362 5,871 758 Engineering 958 365 2,873 714 ------ ------ ------ ------ Total operating expenses 5,982 1,106 14,629 2,363 ------ ------ ------ ------ Income (loss) from operations (2,267) 124 (3,371) 367 Interest and other income net 552 34 899 37 ------ ------ ------ ------ Income (loss) before income taxes (1,715) 158 (2,472) 404 Provision for income taxes -- (18) -- (43) ------ ------- ------ ------ Net income (loss) $ (1,715) $ 140 $ (2,472) $ 361 ======= ======= ======= ======= Net income (loss) per share (basic)(a) $( 0.09) $ 0.01 $( 0.16) $ 0.03 ======= ======= ======= ======= Net income (loss) per share (diluted)(a) $( 0.09) $ 0.01 $( 0.16) $ 0.03 ======= ======= ======= ======= Weighted average common shares (basic)(a) 18,112 12,158 15,742 12,090 Weighted average common shares and equivalents (diluted)(a) 18,112 15,049 15,742 13,536 Supplemental Financial data: Gross Merchandise sales(b) $41,138 $14,399 $115,923 $30,727