InfoSpace, which is going through some tough times after losing their biggest operator customer in Cingular, has reported Q3 numbers and it reflects some of that loss: Net loss in Q3 was $46.7 million,, compared to net income of $11.3 million in Q305. This includes a restructuring charge of $57.8 million, which includes $44.5 million of non-cash charges related to intangible assets. Additionally, the company recorded a $4.8 million deduction for stock-based compensation expense. Revenues were $96.3 million, reflecting an increase of $13.1 million or 16 percent over Q305.
Mobile revenues were $47.7 million, an increase of $8.7 million or 22 percent from Q305. Mobile gross profit totaled $18.2 million or 38 percent of mobile revenue for Q306. For Q406, the company expects revenue to be between $91 million and $93 million.
More later from the conference call. Earnings Release.
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