Prosper Files 10-Q for Q3-2014

[Xenon481]

http://www.sec.gov/Archives/edgar/data/1416265/000114036114042762/form10q.htm" class="bbc_link" target="_blank">http://www.sec.gov/Archives/edgar/data/1416265/000114036114042762/form10q.htm

Q2 2009 - Loss before other income: $2,617,400
Q3 2009 - Loss before other income: $2,289,092
Q4 2009 - Loss before other income: $2,868,908
Q1 2010 - Loss before other income: $2,747,524
Q2 2010 - Loss before other income: $2,787,434
Q3 2010 - Loss before other income: $2,404,217
Q4 2010 - Loss before other income: $2,566,804
Q1 2011 - Loss before other income: $3,097,283
Q2 2011 - Loss before other income: $2,837,560
Q3 2011 - Loss before other income: $2,837,290
Q4 2011 - Loss before other income: $3,519,037
Q1 2012 - Loss before other income: $4,690,488
Q2 2012 - Loss before other income: $3,545,603
Q3 2012 - Loss before other income: $4,448,773
Q4 2012 - Loss before other income: $4,764,596
Q1 2013 - Loss before other income: $4,516,630
Q2 2013 - Loss before other income: $16,175,000 * and **
Q3 2013 - Loss before other income: $5,375,000
Q4 2013 - Loss before other income: $3,146,000
Q1 2014 - Loss before other income: $2,465,000
Q2 2014 - Loss before other income: $95,000
Q3 2014 - Net Profit: $2,724,000

* = Prosper recorded the entire $10million settlement cost in Q2 of 2013.
** = Prosper's Q2 2013 quarterly operating loss (not counting the $10million settlement) is $6,175,000.


- Q3 2014 profits are high enough to put Prosper into the black for 2014 YTD.
- Although Prosper had a net profit, their net worth (assets minus liabilities, not including equity) went down by ~$16million, primarily due to using cash to repurchase ~$18.5million worth of stock that was originally sold to VC investors for ~$3.6million.
- Compensation and Benefits increased by ~12%
- Marketing and Advertising increased by ~19%
- Facilities and Maintenance increased by ~132%