Monday April 26, 7:24 am Eastern Time
Cybercash Q1 shr loss $0.40
RESTON, Va., April 26 (Reuters) -
REVENUE/MERCHANT STATISTICS
Mar 31, Dec. 31, Mar 31,
1998 1998 1999
Revenue Breakdown
Software product sales -- 50% 49%
Service revenue 40% 30% 30%
InstaBuy service revenue -- 10% 17%
Customization Services 60% 10% 4%
Online Merchants 3,500 12,400 14,900
Avg. daily transaction volume 64,935 100,000 101,935
CyberCash, Inc.
Income Statement
Three Months Ended
March 31
1999 1998
Revenues $ 4,563,119$ 1,141,630
Less: Returns & Allowances 157,690 --
Net Revenues 4,405,428 1,141,630
Cost of Revenues 2,438,369 1,107,830
Gross Profit 1,967,060 33,800
Research and development 2,547,201 1,671,498
Sales and marketing 3,875,166 2,948,579
General and administrative 1,714,162 1,695,207
Amortization of intangible assets 1,936,521 --
Interest and other income, net 212,191 607,925
Net loss (7,893,799) (5,673,559)
Net loss available to shareholders (7,893,799) (5,909,804)
Net loss per share (0.40) (0.52)
Weighted average shares outstanding 19,717,347 11,387,642
Consolidated Balance Sheets
Mar 31, 1999 Dec. 31, 1998
Cash and cash equivalents $ 18,970,525 $ 10,902,532
Other assets 7,440,948 8,198,462
Property and equipment, net 9,094,086 9,050,162
Goodwill and intangibles 63,236,794 65,173,315
Total assets 98,742,353 93,324,471
Current liabilities 3,245,640 5,730,264
Total stockholders' equity 95,496,713 87,594,205
Total liabilities and
stockholders' equity 98,742,353 93,324,471 |
