Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=30343 BigStar Reports Second Quarter 1999 Financial Results; Revenues Increase 106.5% over First Quarter 1999 Business Wire - August 26, 1999 13:41 NEW YORK--(BUSINESS WIRE)--Aug. 26, 1999--BigStar Entertainment Inc. (Nasdaq: BGST), which operates BigStar.com, the leading online filmed entertainment superstore dedicated exclusively to filmed entertainment products, today announced financial results for the second quarter of 1999. In August 1999, BigStar completed its initial public offering of 2.5 million shares of common stock. For the quarter ended June 30, 1999, the Company reported net revenues of $3,001,546 compared to $14,925 for the quarter ended June 30, 1998. For the quarter ended June 30, 1999, net revenues included $283,612 in barter advertising. The Company did not have advertising revenues in previous quarters. Sequentially, revenues increased 106.5% from the $1,453,780 for the quarter ended March 31, 1999. For the quarter ended June 30, 1999 gross profit increased to $444,915, resulting in a gross margin of 14.8%. The gross profit increased $244,974, with the related gross margin increasing 1%, from the $199,941 gross profit and 13.8% gross margin reported for the quarter ended March 31, 1999. BigStar's net loss was $4,821,842 for the second quarter of 1999 compared to a net loss of $247,135 for the second quarter of 1998. Basic and diluted net loss per share was $0.82 for the second quarter of 1999 compared to $0.10 for the second quarter of 1998. For the six months ended June 30, 1999, revenues were $4,455,326. For the six months ended June 30, 1999 gross profit was $644,856, resulting in a gross margin of 14.5%. For the six months ended June 30, 1999, BigStar's net loss was $7,787,609 compared to a net loss of $275,618 for the six months ended June 30, 1998. Basic and diluted net loss per share was $1.60 per share for the six months ended June 30, 1999 compared to $0.12 per share for the six months ended June 30, 1998. BigStar Entertainment, Inc. (http://www.bigstar.com) is the leading online filmed entertainment superstore based on customer traffic to its websites, that is exclusively dedicated to filmed entertainment products. BigStar sells videos, digital videodiscs, or DVDs, and laserdiscs. https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=3034338013210