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COOL Heats Up
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Business New Haven
1/8/2001
By: BNH
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KENT - Internet retailer Outpost.com (NASDAQ: COOL) announced financial results for the third quarter ended November 30. Net sales for the quarter were $95.7 million, 122 percent higher than the $43.2 million posted during the same quarter last year. The quarterly pro forma net loss of $5.6 million, or (18 cents) per share, excluding goodwill amortization, improved from the net loss of $8.5 million, or (36 cents) per share in the third quarter of 2000 and from the net loss of $6.7 million, or ($0.23) per share in the second quarter of this year. Including goodwill amortization, net loss was $6.1 million, or (19 cents) per share. Outpost.com reported gross profit for the quarter of $14.4 million, nearly three times the $5.1 million mark recorded a year ago. Gross margins as a percentage of sales improved to 15 percent, compared to the 11.8% in the third quarter of fiscal 2000.
Outpost.com says it added more than 176,800 new customers during the quarter. ending with over one million customers.
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