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Previous: BID COM INTERNATIONAL INC, 6-K, 2000-10-26 |
Next: BID COM INTERNATIONAL INC, 6-K, EX-99.2, 2000-10-26 |
<PAGE>
Exhibit 1
<TABLE>
<CAPTION>
Bid.Com International Inc.
Consolidated Statement of Operations
(expressed in thousands of Canadian dollars, except per share amounts)
(Canadian GAAP, Unaudited)
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Three Months Ended Nine Months Ended
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September 30 September 30
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2000 2000 1999 2000 2000 1999
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translated translated
into US$ at = into US$ at =
Cdn$ 1.5070 Cdn$ 1.5070
for for
convenience convenience
<S> <C> <C> <C> <C> <C> <C>
Gross revenue $ 1,669 $ 1,107 $ 8,330 $ 11,275 $ 7,482 $ 19,595
Customer acquisition costs - - - (157) (104) -
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Net revenue 1,669 1,107 8,330 11,118 7,378 19,595
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Direct expenses $ 1,392 $ 924 $ 6,377 $ 11,164 $ 7,407 $ 15,886
General and administrative 5,436 3,607 3,205 14,067 9,334 8,481
Advertising and promotion 367 244 3,408 4,936 3,275 6,681
Software development
and technology expense 260 173 273 985 654 750
Depreciation and
amortization 270 179 245 760 504 425
Interest income (77) (51) (168) (382) (253) (531)
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7,648 5,076 13,340 31,530 20,921 31,692
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Loss from Operations $(5,979) $(3,969) $(5,010) $(20,412) $(13,543) $(12,097)
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Gain on disposal of
strategic investments $20,697 $13,734 $ 20,697 $ 13,734
Provision for impaired
strategic investments (2,865) (1,901) (3,295) (2,186)
Revaluation of marketable
Securities (573) (380) (573) (380)
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$17,259 $11,453 $ - $ 16,829 $ 11,168 $ -
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Net Income/(Loss) $11,280 $ 7,484 $(5,010) $ (3,583) $ (2,375) $(12,097)
=============================================================================
Earnings/(Loss) per
basic share $0.21 $0.14 $(0.10) $(0.07) $(0.04) $(0.25)
=============================================================================
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Weighted average
common shares 54,360 54,360 50,111 53,493 53,493 48,066
=============================================================================
</TABLE>
<TABLE>
<CAPTION>
September September December 31
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Balance Sheet Data 2000 2000 1999
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(unaudited) (unaudited) (unaudited)
(in US$)
translated
into US$ at =
Cdn$ 1.5070
for
convenience
<S> <C> <C> <C>
Cash $ 2,638 $ 1,750 $ 5,019
Marketable securities 21,634 14,356 16,478
Other current assets 3,822 2,536 6,495
Other assets 7,259 4,817 8,751
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Total assets $35,353 $23,459 $36,743
============================================================================
Current Liabilities $ 1,983 $ 1,316 $ 5,504
Short term and long term
deferred revenue 3,121 2,071 2,254
Long Term Debt 72 48
Total shareholders' equity 30,177 20,024 28,985
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Total liabilities and
shareholders' equity $35,353 $23,459 $36,743
============================================================================
</TABLE>
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