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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: donkeyman who wrote (11113)	3/10/1999 8:22:00 AM
From: Syl98	Read Replies (1) \| Respond to of 37507

biz.yahoo.com

To: donkeyman who wrote (11113)	3/10/1999 9:15:00 AM
From: MrsNose	Respond to of 37507

Looks good D-man. I like the increase in the profit margin. Gross profit for the fourth quarter was $438,000, or 6.9% of revenue, compared to gross profit of $34,000, or 2.3% of revenue, in the fourth quarter of 1997, an increase of 1,188%. As compared to the third quarter of 1998, gross profit increased 116% from $203,000, or 3.2% of revenue. Nice to see the comparisons to the 3rd quarter as well as a year ago, because they have come so far in a year, they are hardly the same company. Not that I am saying that the nice year-over-year growth is a bad thing. <g> This is a good thing too,especially for an expanding business: Net of one-time charges, other operating costs increased a modest 11% year-over-year relative to the 327% increase in revenues. They still have a chunk of cash to work with. Working capital at December 31, 1998 increased by $11.3 million to $17.9 million, an improvement of 171% from September 30, 1998. This should help with the marketing expenses which were a major cash outflow. The re-negotiation of its marketing agreement with America Online Inc., which extends the terms into the year 2000 and significantly reduces marketing expenses for 1999. BWTHDIK Margie

To: donkeyman who wrote (11113)	3/10/1999 9:16:00 AM
From: GoNorth	Read Replies (2) \| Respond to of 37507

donkeyman, "Right Direction"? I can't figure this myself. Based on the numbers they sell $1.65M a month and lose $1.55 million a month. Based on the new and improved gross profit rate of 6.9% they need to sell something like $23M a month just to break even. Back to you......... >>It looks like Bid.Com is moving in the right direction. 1998 revenue increase more than 600% to $20.1 million from $2.7 million in 1997