TheStreet.com CEO Daryl Otte Promises Renewed Focus After Kikucall Acquisition And Promotions Sale

Jim Cramer

At the start of TheStreet.com’s Q3 earnings call, CEO Daryl Otte finally acknowledged that the company bought mobile and interactive agency Kikucall, which we first reported last month. The company’s earnings report was delayed because TheStreet (NSDQ: TSCM) needed to restate some of its previously reported results due to the $3.1 million sale of the Promotions.com business. Asked to explain the purchase of Kikucall, which Otte was previously an investor in, Otte said the technology will help the company build up its ad revenue. In the meantime, the company’s net loss widened to $1.4 million (-0.05 per share) versus the restated net loss of $700,000 (-$0.03 per share) in Q308.

Comments have been disabled for this post