TheStreet.com has reported net Q3 losses of $865,200, on revenues of $6.7 million, compared to losses of $1.9 million in the year-ago quarter, as well as losses of $1.3 million in the second quarter of 2003.
The company had positive cash flow of $325,000 in the third quarter, reversing a $659,000 cash burn in the year-ago period and improving on the $253,000 of cash flow it produced in the second quarter.
Subscription revenue was $4.8 million in the quarter, up 21% over last year and up 11 percent from the second quarter. Advertising revenue was $1.2 million in the quarter, up 16 percent from the year-ago period but down 17 percent from the second quarter in what the company termed an “expected seasonal decline.”
Subscription bookings were $4.9 million in the latest quarter, up 22% from a year ago and up 4% from the second quarter of 2003, while deferred revenue was $6.9 million in the latest quarter, up 26% from last year and roughly the same as in the second quarter of 2003.
Listen to the conference call at 11 AM EST.