Summary:

TheStreet.com has reported its first quarter of positive cash flow earnings. Net revenue was $6.4 million in Q2, ’03, a 17 percent increase…

TheStreet.com has reported its first quarter of positive cash flow earnings. Net revenue was $6.4 million in Q2, ’03, a 17 percent increase over the year-ago period. Net loss shrunk to $1.3, an improvement of 36 percent over the same period last year of $2.0 million.

Subscription revenue was $4.3 million, an increase of 19 percent. Ad revenue reached $1.5 million, an increase of 19 percent over the same period last year and an increase of 23 percent from the first quarter 2003.

Previous results: Q1 03; Q4 02; Q3 02.

Earning call later today at 11 AM EST.

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By Rafat Ali

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