“For the quarter ending March 31, 2005, Dwango Wireless reported sales of $1,060,000, as compared with $60,000 in the prior year first quarter ended March 31, 2004. Management attributed this dramatic year-over-year revenue growth to the successful launches and market acceptance of Dwango Wireless’ first significant commercialized mobile content products, namely its exclusive catalog of Rolling Stone Ringtones developed under Dwango’s agreement with Rolling Stone.com.” Even though the company made a profit on its revenues some financing issues means it made a loss.
Related stories:
–Napster & Dwango Pair Up To Offer Ringtones
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