Earnings: Loudeye’s Net Loss Widens

Loudeye, the B2B digital media infrastructure company, has reported a wider Q1 net loss…Revenues were $6.0 million in Q1, compared with $2.0 million in the prior year Q1 and $6.6 million in Q4 2004.

Net loss was $7.5 million, compared to net loss of $5.6 million, compared to $2.8 million in the year-ago quarter.

The company’s focusing heavily on online and mobile music: in fall of this year, it is planning an online store launch with a major U.S. retailer and later this year its will sign on its first mobile operator partner via the Nokia collaboration, it said in the earnings release…

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