Summus has released quarterly results showing an increase in both revenue and margins. Total revenue for the first quarter of 2005 increased 152% to approximately $2.0 million, compared to $788,000 for the same period in 2004, and increased 19% over total revenues of $1.67 million for the quarter ended December 31, 2004. “This marks the sixth consecutive quarter of double-digit revenue growth.” Gross margins increased to 52% from 49% for the same period in 2004, and net loss from operations for the quarter decreased by 43% to $696,000, compared to a net loss from operations of $1.22 million for the same period in 2004. The results are due to an increase in the amount of content offered as well as an increase in the number of carriers carrying Summus content.
Related stories:
–Summus Announces 2004 Fiscal Year End Results
–Summus Raises $4 Million
–Summus Prepares for Reverse Stock Split, Gets New Financing
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post