Earnings: InfoSpace In Losses For Q3; Revenues Up 16 Percent

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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