iMALL Posts $3.6 Million Loss
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Santa Monica, CA-based e-commerce company iMALL Inc. reported a loss from continuing operations for the period ending March 31 of $3.68 million, or $0.28 per share, compared to a loss from continuing operations of $1.24 million, or $0.22 per share in the same quarter last year.
Revenues from continuing operations for quarter were $778,700, up from $222,200 for the same period in 1998.
The company also reported income during the quarter from discontinued operations of $78,900, or $0.01 per share, compared to income of $25,600, or $0.00 per share, from discontinued operations for the same quarter last year.
The net loss for the quarter was $3,608,100, or $0.27 per share, on 13,902,672 weighted average shares outstanding, compared to a net loss of $1,219,000, or $0.22 per share, on 7,652,494 weighted average shares outstanding for the comparable quarter last year.
IMALL Inc. is a provider of integrated e-commerce solutions that include a proprietary payment gateway. To help increase businesses online sales, iMALL's shopping portals and shopper services are integrated into its e-commerce solutions. iMALL's e-commerce solution, MerchantStuff.com, created jointly with First Data Merchant Services is located at www.merchantstuff.com. iMALL's shopping portals are located at www.stuff.com and http://www.imall.com.