Rentrak Q3 Revenue Up 3%
Net loss was $0.47m, or $0.04 per diluted share, for the third quarter of 2010, compared to $0.57m, or $0.05 per diluted share, for the same period in 2009. Gross margin was $9.62m, compared to $6.6m for the same period in 2009.
Selling and administrative expenses were $11.49m for the third quarter of 2010, compared to $7.79m for the same period in 2009.
For the nine months ended December 31, 2010, revenue was $72.4m, compared to $66.07m for the same period in 2009. Net income was $0.02m, or $0 per diluted share, compared to $0.37m, or $0.03 per diluted share, for the same period in 2009.
Gross margin was $31.32m for the nine months of 2010, compared $22.42m for the same period in 2009. Selling and administrative expenses were $32.76m, compared to $22.7m for the same period in 2009.
Operating expenses for the fiscal 2011 third quarter were $11.6m, or 49 percent of consolidated revenues, compared with $7.9m, or 34 percent of consolidated revenues, for the fiscal 2010 third quarter.
The increase in operating expenses mainly reflected $0.5m in one-time charges related to the transition/expansion of EDI and the acquisitions of Cine Chiffres and Media Salvation, $1.5m in recurring EDI operating expenses, and $2.2m in stock-based compensation expense.
Bill Livek, CEO of Rentrak, said: â€œWe are successfully executing our vision of continuing to provide the advertising and entertainment industries with a multi-screen database currency that delivers the detailed, granular and stable viewing and consumer demographic information necessary for making intelligent programming, TV planning and buying decisions.â€
Will the company further improve revenue in Q4?
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