ZVUE Corp. (fka Handheld Entertainment) has announced Q3 revenue of $617,000, up over five-fold from last year’s $123,000. Net losses, reported separately in an SEC filing, grew to $4.2 million from $3.4 million. Much of the gain came from its core device business, which grew 315 percent to $511,000. Ad revenue came in at $106,000, compared to nothing in the prior period, the result of its aggressive acquisition strategy. In the filing, the company said that its acquisition of eBaum’s World for up to $52.5 million with earnouts, closed on October 31 (after the end of Q3). For 2008, the company is anticipating revenue of $12 – $13 million, much of which will come from the eBaum’s acquisition. Earnings release
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