uBid.com Holdings Inc. announced results for the first quarter ended March 31, 2006 on Monday. First quarter gross profit totaled $2.9 million, an increase of 9.6% from the first quarter of fiscal 2005, and customer orders increased 26.8% to 123,000 from 97,000 in the first quarter of last year.
uBid.com Certified Merchant Program (UCM) grew participating merchants by more than 460% to 949 and 51.1% sequential growth from the 630 merchants reported at the end of Q4 2005.
Active Auction Participants totaled 324,000, while the number of Auction Events increased 11% to 311,000.
Customer Registrations totaled approximately 43,000 in the first quarter of 2006, an increase of 10% over the same period in 2005.
Robert H. Tomlinson Jr., CEO of uBid.com Holdings, Inc. stated, "By focusing on trust, security, and in-house customer support, we're clearly differentiated in our space and have seen tangible strategic results from that advantage."
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