Travelzoo 2002 Annual Report Download - page 55

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TRAVELZOO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
(7) Unaudited Quarterly Information
The following represents unaudited quarterly Ñnancial data for 2002 and 2001.
Quarters Ended
Dec 31, Sept 30, June 30, Mar 31, Dec 31, Sept 30, June 30, Mar 31,
2002 2002 2002 2002 2001 2001 2001 2001
(In thousands)
Revenues:
AdvertisingÏÏÏÏÏÏÏÏÏÏÏ $3,132 $2,538 $2,211 $1,966 $1,723 $1,574 $1,537 $1,308
Commissions ÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì 1 3 3
Total revenues ÏÏÏÏ 3,132 2,538 2,211 1,966 1,723 1,575 1,540 1,311
Cost of revenues ÏÏÏÏÏÏÏÏ 89 90 86 86 79 74 75 77
Gross proÑt ÏÏÏÏÏÏ 3,043 2,448 2,125 1,880 1,644 1,501 1,465 1,234
Operating expenses:
Sales and marketing ÏÏÏ 1,904 1,510 1,316 996 1,115 920 790 450
General and
administrative ÏÏÏÏÏÏ 647 522 562 562 418 373 366 197
Merger expenses ÏÏÏÏÏÏ Ì Ì Ì 55 29 62 113 128
Total operating
expenses ÏÏÏÏÏÏÏ 2,551 2,032 1,878 1,613 1,562 1,355 1,269 775
Income from operations ÏÏ 492 416 247 267 82 146 196 459
Interest income ÏÏÏÏÏÏÏÏÏ 2 1 Ì 1 1 1 1 Ì
Income before income
taxes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 494 417 247 268 83 147 197 459
Income taxes ÏÏÏÏÏÏÏÏÏÏÏ 168 171 101 133 68 86 127 241
Net income ÏÏÏÏÏÏÏÏÏÏÏÏ $ 326 $ 246 $ 146 $ 135 $ 15 $ 61 $ 70 $ 218
Basic and diluted net
income per shareÏÏÏÏÏÏ $ .02 $ .01 $ .01 $ Ì $ Ì $ Ì $ .01 $ .01
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