EX-1 2 dex1.txt FOURTH QUARTER FINANCIAL RESULTS EXHIBIT 1 Bid.Com International Inc. Consolidated Statement of Operations (expressed in thousands of Canadian dollars, except per share amounts) (Canadian GAAP, Unaudited) Three Months Ended March 31 ------------------------------------ 2001 2001 2000 ------------------------------------ translated into US$ at= Cdn $1.5784 for convenience Gross revenue $ 1,255 $ 795 $ 6,604 Customer acquisition costs (19) (12) - ------------------------------------ Net revenue 1,236 783 6,604 ------------------------------------ Direct expenses - - 6,943 Advertising and promotion - - 3,141 Sales and marketing costs 1,405 890 98 Software development and technology expense 987 625 434 General and administrative 2,491 1,578 3,743 Depreciation and amortization 310 196 256 Interest income (113) (72) (248) ------------------------------------ 5,080 3,217 14,367 ------------------------------------ Loss from Operations (3,844) (2,434) (7,763) ==================================== Realized gains on disposal of marketable securities 3,686 2,335 - Unrealized gains and losses on revaluation of marketable securities and provision for impairments of long term assets (451) (286) - ------------------------------------ 3,235 2,049 - ------------------------------------ Net Income/(Loss) $ (609) $ (385) $(7,763) ==================================== Earnings/(Loss) per basic share $ (0.01) $ (0.01) $ (0.15) ==================================== Weighted average common shares 54,639 54,639 50,682 ==================================== Loss per share from operations (0.07) (0.04) (0.15) ==================================== Bid.Com International Inc. Consolidated Balance Sheet (expressed in thousands of Canadian dollars) (Canadian GAAP, Unaudited)
March 31 March 31 December 31 Balance Sheet Data 2001 2001 2000 ---------------------------------------- (unaudited) (unaudited) (audited) (in US$) translated into US$ at = Cdn$ 1.5784 for convenience Cash $12,075 $ 7,650 $ 7,363 Marketable securities 2,378 1,507 8,124 Other current assets 1,143 724 1,881 Other assets 3,300 2,091 3,433 ---------------------------------------- Total assets $18,896 $11,972 $20,801 ======================================== Current liabilities $ 1,434 $ 909 $ 2,086 Short term and long term deferred revenue 2,118 1,342 2,802 Capital lease obligation 75 47 59 Total shareholders' equity 15,269 9,674 15,854 ---------------------------------------- Total liabilities and shareholders' equity $18,896 $11,972 $20,801 ========================================