Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
Everyday Health, which filed to go public in January, provided an update on its financial well-being today; the company which is behind sites including its namesake, as well as RevolutionHealth.com and SouthBeachDiet.com, said in an SEC filing that revenue increased nearly 30 percent to $26.4 million from $20.41 million during the second quarter of the year — a jump it attributed to an increase in the number of brands advertising on its properties. The company is still losing money, although its net loss dropped to $2.7 million from $7.3 million.
It has disclosed in previous SEC filings that it was targeting the second quarter of the year for its offering, although that didn’t happen. Considering the seeming resurgence of the IPO market, we imagine the offering will happen soon. We’ll be tracking it here.