Earnings: VitalStream Revenues Up 71 Percent; Net Loss Shrinks

VitalStream Holdings, parent of streaming media service provider VitalStream, Inc., reported a 71-percent increase in revenues for 1Q05, to $3.39 million from $1.99 million in 1Q04. The sequential increase from 1Q04 was 14 percent. The company had a net loss of $196,000 compared with a net loss of $213,000 last year. Earlier this week, VitalStream acquired streaming media services provider PlayStream.
From the fine print:
— In the previous four quarters VitalStream had year-over-year earnings growth of 36 percent, 51 percent, 69 percent and 71 percent.
– Client additions during the quarter included Sprint, Scott Company, AFLAC and Paul Allen’s Seattle Seahawks.
– VitalStream hopes to make it onto the NASDAQ Smallcap or other exchange during the second half of the year.

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