Posted by 16 March 2005

GuruNet Reports Earnings

I just saw a flash about GRU’s earnings. I’ve written about this stock a few times before, the latest of which was the other day when Mark Cuban revealed that he was long GRU. Here are the numbers that they reported:

12:31 GRU Gurunet reports revs $76k, up from $9k YoY; reports loss of $0.20 (19.90 -0.45)

Co reports Q4 EPS of ($0.20), vs ($1.86) for the same period in 2003. Revs were $76,245, vs $9,646 for the same period in 2003.

Takes you back to the bubble days, doesn’t it? I guess the bulls will argue that they grew at an incredible rate — but talk about coming off of a small base. Do those revenues justify a $90 million market cap? You be the judge… (In fairness, these numbers are from before the launch of Answers.com)

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Comments

  1. Posted by prosolution on March 16, 2005 at 10:23 pm

    Nice blog. I just got mine started today. I hope it will look like this someday. Its just hard to keep finding fresh content

  2. Posted by Duru on March 16, 2005 at 11:52 pm

    Huh?!? Are those fundies I hear? ;)

  3. Posted by Michael on March 17, 2005 at 8:35 am

    well it’s not like I’m gonna actually trade on those fundamentals :-)

  4. Posted by Roberto on March 18, 2005 at 1:59 am

    I still don’t understand why people follow what Mark Cuban does. Sure the guy is rich and has been successful, but that doesn’t mean he is an astute trader by any means. Look at how CHTR has done for an example. Also, look at where MAMA.com went even though he sold it. I suspect that GRU will end up badly for people that get in late.