I’m sure there’s more to it than what the Q4 earnings release says, but still, it is heartening if they’re clawing their way back to recovery.
The financial website TheStreet.com has posted a Q4 net income of $1.8 million, a $1.0 million improvement over the same period last year and a $0.2 million improvement from last quarter. Net revenue was $10.0 million, a 25% increase over the same period last year and a 22% increase from last quarter.
For the fiscal 2005, it achieved profitability, its first. It had a profit of $246,000, from 2004’s loss of $2.2 million. Annual revenue was up 10 percent at $33.7 million from $30.8 million.
During Q4, the number of subscribers to the company’s premium services rose by about 7,900, or 10%.
On the company’s possible sale, which had been rumored for a while, is now off..the company says: “In October 2004, the company engaged Allen & Company..In light of the company’s recent strong performance, the Board..has decided to discontinue the strategic alternative review process.”
Also, CFO Lisa Mogensen has resigned to pursue other interests…it is looking for a replacement.