ZipRealty Q3 Net Revenues Up
The company has reported net loss of $0.8m for the third quarter compared to a net loss of $1.7 m in the year-ago period.
The company has reported net revenues of $8.92m for the nine months ended September 30, 2009, compared to net revenues $8.24m for the same period in 2008.
The company anticipates revenues for the full-year 2009 are expected to grow in the upper-single to low double digits over 2008 levels, and expects the 2009 full-year GAAP net loss to be narrower than the 2008 net loss of $14.7mllion, excluding legal settlement.
Pat Lashinsky, president and CEO of ZipRealty, said: “During the third quarter, ZipRealty experienced strong transaction volume increases, and for the second consecutive period, a slight increase in average transaction revenue per close. With our highest agent productivity in two years and tight cost controls, we were pleased to deliver pro forma profitability for the quarter.”
Will net loss decreses in the next quarter?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.