’s Losses Narrow, Subscription Revenues Increase 42 Percent

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Ad revenues were down 12 percent from previous quarter and stood at $1.2 million in the first quarter. Meanwhile, subscription revenus cam in at $4.3 million, up 42 percent from a year ago and up slightly from the previous quarter. The company said subscription bookings totaled $5.5 million in the quarter, up 10 percent from last year and 30 percent sequentially, while deferred revenue stood at $6.7 million, up 28 percent from a year ago.

Conference call at 11 AM EST.

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