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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (6776)	11/13/1998 2:38:00 AM
From: Mazama	Read Replies (1) \| Respond to of 7247

Anyone out there have a feeling about SI's parent gnet. FYI: 11/12 16:46 Go2Net Reports Profitable Fourth Quarter Results <GNET.O> Go2Net Reports Profitable Fourth Quarter Results Fourth Quarter Net Income of $.02 Per Share SEATTLE, Nov. 12 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET), a network of technology and community-driven Web sites ( go2net.com ), today announced operating results for the fourth quarter and fiscal year ended September 30, 1998. Revenue for the three months ended September 30, 1998 was $1,955,243, representing an increase of 46.9% from the previous quarter ended June 30, 1998 and a 530% increase from the comparable period for the previous fiscal year. For the quarter, the company reported net income of $130,545, or $.02 per share, before non-recurring merger and acquisition-related charges. This compares to a net loss of $400,746, or $.09 per share, for the comparable period during the previous fiscal year. The non-recurring merger and acquisition-related charges associated with the company's acquisition of Hypermart totaled $319,512. Net loss for the quarter after these non-recurring charges was $188,967, or $.03 per share. For the fiscal year ended September 30, 1998, revenues were $4,830,882 as compared to $528,595 for the previous fiscal year, representing an 814% increase. Before non-recurring merger and acquisition-related charges and non-recurring, non-cash charges, net loss for the year ended September 30, 1998 was $937,505 or $0.16 per share as compared to a net loss of $1,756,247 or $0.39 per share for the year ended September 30, 1997. Net loss for the year ended September 30, 1998 after non-recurring merger and acquisition-related charges and non-recurring, non-cash charges was $2,371,125 or $0.41 per share. Gross profit as a percentage of net sales increased to 71.6% and 62.7% for the three months and fiscal year ended September 30, 1998, as compared to 69.0% and 56.8% for the three months and fiscal year ended September 30, 1997.