728_header.jpg (23748 bytes)
Google  Web AuctionBytes  

Home
Subscribe
Blog
EcommerceBytes
Podcasts
Forums
Merchant Directory
AuctionBytes TV
ABU Back Issues

Sponsor

COOL TOOLS

Calendar
eBay Fee Calculator
Collectors' Links
eBay Promo History
Bookshelf
Fraud Resources
Auction Site Fees
Auction Management
Payment Services
Storefronts Chart
Sniping Chart
Email List Hosting
Consignment Services
Drop-Off Store Laws
Ecommerce Resources
Photo Tips
Marketing Inserts
Yellow Pages
Classifieds

AUCTIONBYTES

Our Writers
Write For Us
Partners
Press
Advertising
About Us
Link To Us

Auctionbytes-NewsFlash, Number 1345 - August 15, 2006 - ISSN 1539-5065      Previous Story | | Next Story

Auction Site uBid Reports Second Quarter 2006 Results
By Ina Steiner
AuctionBytes.com
August 15, 2006
AddThis Social Bookmark Button

uBid.com Holdings, Inc., which operates the uBid online auction site, announced results for the second quarter ended June 30, 2006. Highlights for the second quarter of 2006 included:

  • Gross Merchandise Sales (GMS), a key business metric, were $30.3 million compared to $28.0 million one year ago, a 8.2% increase.
  • Gross profit of $2.1 million, compared to $2.7 million in the second quarter of fiscal 2005.
  • Customer orders increased 21% to approximately 125,000 from 103,000 in the second quarter of last year.
  • uBid.com Certified Merchant Program (UCM) grew participating members by 38% sequentially to 1,307 from 949 merchants reported at March 31, 2006.
  • Active Auction Participants totaled 335,000, while the number of Auction Events increased 89% to approximately 478,000.
  • Customer Registrations totaled approximately 38,000 in the second quarter of 2006 compared to approximately 37,000 a year ago.

uBid CEO Robert H. Tomlinson Jr. said, "The second quarter represented another step in the transformation of uBid.com. While our financial performance was similar to first quarter results, we made strides strategically, through partnerships and an asset acquisition in July, 2006. Specifically, we were able to align our business with established entities that share our passion for a secure customer experience. We also grew our Certified Merchant program significantly while cost effectively acquiring 900,000 potential customers via our purchase of certain assets of Bidville. In combination with our recent capital infusion, uBid.com is now far stronger than anytime in recent memory. In fact, we are optimistic that our financial performance in the back half of the year will exceed our first half performance, and over the long run, we'll be able to drive value for shareholders, particularly from these levels."

http://www.ubid.com


Email this story to a friend.

Previous Story | | Next Story

Related Stories
  • Online Auction Site uBid.com Signs New $25 Million Credit Facility - May 11, 2006, Issue #1277
  • Auction Site uBid Announces First Quarter Results - May 16, 2006, Issue #1280
  • Comparison-Shopping Service Launched for uBid Auction Site - May 23, 2006, Issue #1286
  • uBid Launches $1.00 Jewelry Auction Promotion - June 06, 2006, Issue #1294
  • uBid Runs Fixed-Price Google Checkout Promotion for Buyers - July 03, 2006, Issue #1314
  • uBid.com Acquires Online Auction Site Bidville - July 27, 2006, Issue #1332
  • uBid Acquires Online Auction Site Bidville, Will Expand Stores - July 28, 2006, Issue #1333
  • Auction Site uBid Adds Board Member - August 04, 2006, Issue #1338
  • uBid.com Holdings Announces Senior Management Appointments - September 08, 2006, Issue #1363
  • Online Auction Site uBid to Pursue Agressive M&A Strategy - September 14, 2006, Issue #1367
  • uBid.com Holdings, Inc. Reports Third Quarter 2006 Results - November 15, 2006, Issue #1411
  • uBid.com Announces Board Appointment - December 05, 2006, Issue #1425
  • uBid.com Reports Holiday Auction Activity - December 08, 2006, Issue #1428



  • Discuss this story in our forums.

    Ecommerce Podcasts

    Site Index
    Copyright 1999-2008. Steiner Associates LLC. All rights reserved