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Article: FiNet.com Reports Financial Results for the Quarter Ended June 30, 2001.
- Article from:
- PR Newswire
- Article date:
- July 28, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Gross Margin Increased by 514% Over Prior Year Period
SAN RAMON, Calif., July 27 /PRNewswire/ --
FiNet.com, Inc. (Nasdaq: FNCM), and its wholly owned subsidiaries (the "Company") today released financial results for the quarter ended June 30, 2001.
Revenue for the quarter ended June 30, 2001 decreased 11% from $2.08 million to $1.86 million compared to the quarter ended June 30, 2000. Revenue for the six months ended June 30, 2001 increased by 26% from $3.53 million to $4.45 million compared to the year-ago period ended June 30, 2000.
Gross margin increased by 514% over the quarter ended June 30, 2000 and by 500% over the prior six ...