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Article: E-Stamp Sees More Losses.(services provider E-Stamp lost $23.7 million in Q3)
- Article from:
- The Online Reporter
- Article date:
- October 23, 2000
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Struggling Internet postage and shipping services provider E-Stamp lost $23.7 million (63 cents) on revenues of $1.8 million in Q3.
Excluding charges, the Mountain View, California start-up lost $18.9 million (50 cents) beating the Street's forecast by three cents. In the year-ago period, the company reported a loss of $15.2 million (43 cents) on revenues of $358,000.
E-Stamp has managed to bring down its losses by $4.5 million over the previous quarter when it lost $28.1 million (71 cents) on revenues of $1.6 million.
The company said it shipped 24,000 of its Internet postage starter kits during the quarter taking total units shipped to ...