FTD.com, an Internet and telephone floral marketer, had third quarter revenue of $26.6 million, up 114% from 12.4 million in third-quarter 1999. But the Downers Grove, IL-based firm saw its net loss mount as well, jumping from $1.4 million to $8.5 million. The quarter ended March 31.
“The continuation of FTD.com’s better-than-anticipated operating results is accelerating the timeframe in which we believe FTD.com will be cash flow positive and profitable,” said president and CEO Michael J. Soenen in a statement that accompanied the results.
Overall, customers placed 405,364 orders with the company, up 94% from 208,845 in third quarter 1999. Internet orders during the quarter increased to 317,747, up 166% from 119,588.
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