Short Take: Onsale reports loss

Onsale, the online auction which launched an IPO in June, reported record revenues of $18.6 million for the quarter ended June 30, up from $12.3 million for the previous quarter. Net loss for the quarter was $226,000, or 1 cent a share, compared to net income of $52,000 for the first quarter of 1997.

July 22, 1997 7:15 p.m. PT

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, the online auction which launched an IPO in June, reported record revenues of $18.6 million for the quarter ended June 30, up from $12.3 million for the previous quarter. Net loss for the quarter was $226,000, or 1 cent a share, compared to net income of $52,000 for the first quarter of 1997.