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Article: Stamps.com Reports Second Quarter 2000 Financial Results; Second Quarter Revenue Grows 80 Percent.
- Article from:
- PR Newswire
- Article date:
- July 13, 2000
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SANTA MONICA, Calif., July 13 /PRNewswire/ --
Stamps.com(TM) (Nasdaq: STMP) today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. Second quarter net loss applicable to common shareholders excluding non-cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. Balance sheet cash and short-term investments ended the second quarter at $333.6 million, or $7 per share.
"Our focus on acquiring higher revenue customers through commission-based selling programs during the second quarter has positively impacted revenue and has reduced ...