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In the last conference call, Condon said the break-even point would be reached at 1 million transactions per day. At current growth rates, that will happen in early 2001, which was Condon's targeted time frame.
Many of us have heard predictions before, but now the numbers are such that these targets seem reasonable. CYCH is not the same company it was a year ago.

About H&R Block skewing the numbers of transactions: the release said H&R was only responsible for 1mm transactions. If you remove them from the equation, you still get 270% growth, instead of 300%, year over year. Respectable. And let's not poo-poo the tax season; in addition to H&R, the IRS also uses CYCH, which means two more months of big transactions. This will be a very good quarter, I think.
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