Coolsavings Sees Dip in 2Q Net Revenue

Share this article:
Coolsavings.com Inc. said Friday that net revenue during its second quarter totaled $5.3 million after posting $8.9 million during the same period last year.


Gross profit in the second quarter reached $3.8 million, or 71 percent of net revenue, compared with $4.4 million, or 70 percent of net revenue, during the first quarter.


Total operating expenses during the second quarter amounted to $13.6 million, compared with $12.9 million reported during the first quarter and $17.9 million posted during second quarter 2000. Excluding a one-time charge of $3.7 million, or 10 cents per share, for the forgiveness of notes receivable from directors, the net loss for the second quarter was $6.4 million, or 16 cents per share.


Net revenue during the first six months of the year totaled $11.6 million compared with $17 million during the same period last year. Gross profit during the first six months of this year totaled $8.2 million, or 71 percent of net revenue, compared with $14.6 million, or 86 percent of net revenue, during the same period last year.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Hallmark Takes Baby Steps to a New Brand

Hallmark Takes Baby Steps to a New Brand

The company relied on digital to get its growing children's apparel brand off of the ground.

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.