TheStreet.com reported its Q1 earnings today, and it earned $2.6 million compared with the year-ago quarter’s loss of $854,000 (also up $0.8 million improvement from last sequential quarter)… Revenue increased 43 percent to $11.1 million from $7.8 million.
Release: Total cash flow for the quarter was $5.8 million, a $9.4 million improvement over the ($3.6 million) in cash burn for the same period last year, and a $3.3 million improvement from last quarter’s cash flow of $2.5 million.
Subscription revenue for the quarter totaled $7.6 million, a 41% increase over the same period last year and an increase of 17%, or $1.1 million, from last quarter’s $6.5 million. The number of paid subscribers to the company’s premium services increased by about 13,100, or 15%, during the quarter. Advertising revenue for the quarter totaled $3.2 million, a 54% increase over the same period last year and up slightly from last quarter.
From the conference call transcript, from SeekingAlpha: Non-broker advertising has continued to increase as a percentage of total ad revenue as we expand our advertiser base to focus more on technology, auto, retail and travel advertisers. For the first quarter of 2006, we experienced a 104% increase in non-broker advertising over the same period last year, and a 5% sequential increase….
CEO Tom Clarke, on lack of analyst coverage of TheStreet.com: I really believe the lack of coverage for us has to do with the fact that when we had the IRG Business, that basically anybody who was covering us at that time went away because they felt that IRG was in some ways, a competitive business.