Ashford.com announces continued strong revenue and customer growth with far lower than expected operating losses
Ashford.com (Nasdaq: ASFD), the leading Internet retailer of luxury and premium products, reported on October 23rd net sales of $12 million for the quarter ended September 30, 2000, a 173 percent increase over net sales from the same quarter a year ago. Cumulative customer accounts grew to 144,028, a 434 percent increase from the same quarter the prior year and a 19 percent increase from the quarter ended June 30, 2000.
Excluding depreciation and amortization, net loss during the quarter ended September 30, 2000 was $8.8 million, or $0.19 per share, beating consensus analyst expectations by almost 30 percent. This marks the third straight quarter the company has significantly reduced losses. In a conference call, Ashford communicated new financial forecasts with considerably lower losses than previous estimates and reiterated its plan to achieve cash profitability in the quarter ended December 2001.
The company's earnings conference call was held on the 23rd October at 5:30 p.m. ET. A replay of the conference call is available on the Ashford.com web site at http://www.ashford.com/asfd/confcall , archived at that location through December 2000.

(from the press release of Ashford.com)