EX-99.1 2 0002.txt SECOND QUARTER FINANCIAL RESULTS
BID.COM International Inc. Statement of Operations (expressed in thousands of Canadian dollars, except per share amounts) (Canadian GAAP, Unaudited) --------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- Six Months Ended Three Months Ended --------------------------------------------------------------------------------------- June 30 June 30 --------------------------------------------------------------------------------------- 2000 2000 1999 2000 2000 1999 --------------------------------------------------------------------------------------- translated translated into US$ at into US$ at US$ = US$ = Cdn$ 1.4798 Cdn$ 1.4798 for for convenience convenience Gross revenue $9,606 $6,491 $11,265 $3,002 $2,029 $6,250 Non-cash customer acquisition costs (157) (106) - (157) (106) - --------------------------------------------------------------------------------------- Net revenue 9,449 6,385 11,265 2,845 1,923 6,250 --------------------------------------------------------------------------------------- Direct expenses $9,772 $6,604 $9,509 $2,829 $1,912 $4,983 Advertising and promotion 4,569 3,088 3,273 1,416 957 1,860 General and administrative 9,061 6,123 5,351 5,226 3,532 2,935 Software development and technology expense 725 490 402 297 201 216 Depreciation and amortization 490 331 180 234 158 95 Interest income (305) (206) (363) (57) (39) (262) --------------------------------------------------------------------------------------- 24,312 16,429 18,352 9,945 6,721 9,827 --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- Net Loss $(14,863) $(10,044) $(7,087) $(7,100) $(4,798) $(3,577) ======================================================================================= Loss per basic share $(0.28) $(0.19) $(0.15) $(0.13) $(0.09) $(0.07) ======================================================================================= Weighted average common shares 53,669 53,669 48,066 52,934 52,934 49,351 =======================================================================================
June 30 June 30 December 31 --------------------------------------------------------------------- Balance Sheet Data 2000 2000 1999 ------------------ --------------------------------------------------------------------- (unaudited) (unaudited) (unaudited) (in US$) Cash $8,893 $6,010 $5,019 Marketable securities 189 128 16,478 Other current assets 4,430 2,994 6,495 Other assets 10,781 7,285 8,751 --------------------------------------------------------------------- Total assets $24,293 $16,416 $36,743 ===================================================================== Total current liabilities $2,182 $1,475 $5,504 Total short term and long term deferred revenue 3,493 2,360 2,254 Total shareholders' equity 18,618 12,581 28,985 --------------------------------------------------------------------- Total liabilities and shareholders' equity $24,293 $16,416 $36,743 =====================================================================