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PFSWEB, INC. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended
June 30,
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2001 2000
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REVENUES:
Service fee revenue ................................ $ 9,417 $ 13,370
Other revenue ...................................... 100 --
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Total revenues ................................. 9,517 13,370
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COSTS OF REVENUES:
Cost of service fee revenue ........................ 6,087 8,645
Cost of other revenue .............................. -- --
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Total costs of revenues ........................ 6,087 8,645
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Gross profit ................................... 3,430 4,725
SELLING, GENERAL AND ADMINISTRATIVE
EXPENSES ........................................ 5,978 5,230
OTHER .................................................. (4,280) --
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Income (loss) from operations .................. 1,732 (505)
INTEREST INCOME ........................................ 171 316
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Income (loss) before income taxes .............. 1,903 (189)
PROVISION FOR INCOME TAXES ............................. -- 49
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NET INCOME (LOSS) ...................................... $ 1,903 $ (238)
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NET INCOME (LOSS) PER SHARE:
Basic and diluted ................................. $ 0.11 $ (0.01)
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WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
Basic and diluted ................................. 17,970 17,870
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The accompanying notes are an integral part of these unaudited interim condensed
consolidated financial statements.
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