Home
Home

Directory
Directory

Articles
Internet News
Security News
Ecommerce News
Domain News

Site Tools
Site Speed Test
Keyword Research
Resolve Hostname
DNS Tools
Register Domains
Affiliate Programs
Open Source

Shopping Carts
Cart Reviews
SSL Certificates

Enter your email address to subscribe to our updates:

Delivered by FeedBurner


Venue Charts
Channel Traffic Rankings
OAI Stock Quotes and Charts
eBay's Worst Feedback

Forum
Forum Home
TulipTools News
Advertising
Blogging
Computer Hardware
Domain Names
Ecommerce
Financing
Int'l Trading
Graphics and HTML
Internet Access
Legal Issues
Internet Business
Auction Sites
Classified Ad Sites
Fixed Price Venues
Operating Systems
Programming
Search Engines
Internet Security
Software
Web Hosting
Webmaster Issues
Reviews
Announcements
Off Topic Discussion

Web Hosting
TulipHosting

Domain Names
TulipDomains

Web Stats
TulipStats

Forum Rules
Forum Rules
Privacy Policy

Site Map
Forum Sitemap
Sitemap Topics




Directory| Forums| Internet News|Cart Reviews| DNS Tools| Keyword Research| Site Speed Test| Security| | Domain Marketplace| Domain Blog
TulipTools Internet Business Owners and Online Sellers Community
  • Home
  • Search
  • Member List
  • Calendar
Hello There, Guest! Login Register
TulipTools Internet Business Owners and Online Sellers Community › Online Auction Industry, B2B Trading Sites, Classified Ad Sites, Fixed Price Venues, and Malls › Online Auction Industry Discussion › Auction Sites › BidVille and uBid v
1 2 3 4 Next »

Ubid Q3 Revenues Nosedive to $9.7M from $14.3M

  
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Threaded Mode | Linear Mode
Ubid Q3 Revenues Nosedive to $9.7M from $14.3M
11-16-2007, 11:11 AM,
Post: #1
mandy Offline
Administrator
*******
Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0
Ubid Q3 Revenues Nosedive to $9.7M from $14.3M
Full Q3 SEC filing: http://tulipsandbears.brand.edgar-online...ID=5544512&Type=HTML

From the Q3 SEC Filing:
Quote: Direct Channel:  Direct channel sales decreased $2,387 or 25.4% to $7,008 for the three months ended  September  30, 2007 compared to $9,395 in the same period last year. In the current period the number of Direct orders decreased 3,000 or 13.0% and the average order value decreased $69.00 or 16.3% to $355.00 per order.  The decline in the number of direct orders is primarily due to a shift from the Direct channel sales to the UCM platform in which only commission revenue is recorded and an improved effort in managing product posted for auction.  The decrease in the average order value was primarily due to decreased selling prices for desktop computers. The decrease was partially offset by increases in sales of notebook computers and improved average order values in video and digital cameras.

The Direct channel gross profit increased $28 or 8.5% for the three months ended September 30, 2007 compared to the same period in the prior year. The Direct channel gross profit percentage increased 1.4% to 3.7% for the three months ended September 30, 2007 compared to 2.3% for the three months ended September 30, 2006. The increase was a result of an improved effort in managing product posted for auction.  The decreased order volume resulted in lower distribution and variable operating costs which offset the margin dollar loss and improved the overall profitability. Negatively impacting gross profit was an inventory write-down of $137 for the three months ended September 30, 2007 compared to a write-down of $804 in the same period of the prior year.

UCM Channel:  UCM revenues and gross profit increased $309 or 27.2% to $1,447 for the three months ended September 30, 2007 compared to revenue and gross profit of $1,138 in the same period of the prior year. In the current period the number of UCM orders increased 12,000 or 13.5% and the average order value increased $1.00 or 0.8% to $129.00 per order. The number of UCM vendors increased 1,605 or 93.5% to 3,321 vendors compared to 1,716 at September 30, 2006. The increase in UCM orders and the average order value is primarily due to the shift of revenue and volume from the Direct sales channel to the UCM channel along with an increase in the number of UCM vendors.
Like Post Reply
[+]
« Next Oldest | Next Newest »




Possibly Related Threads…
Thread Author Replies Views Last Post
  Ubid to Relaunch BIDVILLE........ sneakymagenta 1 2,759 10-23-2011, 05:53 AM
Last Post: regic
  Ubid to launch fixed price venue RedTag mandy 2 3,226 08-30-2008, 01:48 AM
Last Post: amy
  What a Shock...NOT! Bidville has no place in Ubid's plans! Ubid to CLOSE BV! mandy 6 4,255 05-24-2008, 02:52 AM
Last Post: dimucci
  Ubid adds new channels to service excess inventory market mandy 1 2,731 04-30-2008, 11:01 AM
Last Post: mandy
  Former CEO of Fingerhut Buys 10% Stake In Ubid mandy 0 2,469 12-04-2007, 01:06 PM
Last Post: mandy
  uBid CEO to step down at end of year Kristijntje 2 3,013 10-27-2007, 08:37 AM
Last Post: mandy
  Bidville's About Us Page: Ubid, Ubid, Ubid mandy 2 2,668 09-12-2007, 12:18 AM
Last Post: sneakymagenta
  Ubid Shareholder Speaks Out (and mentions Bidville) mandy 1 2,759 08-27-2007, 07:14 PM
Last Post: bargainbloodhound
  Ubid Q2 GMS slumps to $26.4 Million, Net Loss Narrows, Profit Margins Up mandy 0 2,266 08-17-2007, 10:27 AM
Last Post: mandy
  uBid appoints new Chairman of the Board mandy 0 2,205 03-06-2007, 12:30 PM
Last Post: mandy

  • View a Printable Version
  • Send this Thread to a Friend
  • Subscribe to this thread
Forum Jump:


Users browsing this thread: 1 Guest(s)
  • Contact Us
  • TulipTools Internet Business Owners and Online Sellers Community
  • Return to Top
  • Lite (Archive) Mode
  • RSS Syndication
  • Help
Current time: 09-27-2023, 09:20 PM Powered By MyBB, © 2002-2023 MyBB Group. Theme created by Justin S.
powered by Apache

powered by Linuxpowered by CentOS

Copyright 2000-2013 TulipTools.com. All rights reserved.