View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 14, 1997updated 05 Sep 2016 1:07pm

ONSALE REPORTS FIRST-QUARTER PROFIT

By CBR Staff Writer

Entrepreneur Jerry Kaplan’s new venture Onsale Inc has reported net income in its first quarter as a publicly traded company of $52,000 on revenue of $12.3m. The quarterly revenue is only 13% shy of fiscal 1996 total revenue of $14.2m. For the same period last year, Onsale reported net income of $15,000 on revenue of only $577,000. Onsale Inc, based in Mountain View, California, auctions computers and peripherals over the internet and boasts 20,000 hits a day on its website. Kaplan, founder of failed Go Corp, took his new company public last month (CI No 3,129), offering 2.5 million shares at $6 a piece.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU