TheStreet.com Reports First Positive Cash Flow Quarter
By Rafat Ali - Fri 18 Jul 2003 03:07 AM PST
TheStreet.com has reported its first quarter of positive cash flow earnings. Net revenue was $6.4 million in Q2, ‘03, a 17 percent increase over the year-ago period. Net loss shrunk to $1.3, an improvement of 36 percent over the same period last year of $2.0 million.
Subscription revenue was $4.3 million, an increase of 19 percent. Ad revenue reached $1.5 million, an increase of 19 percent over the same period last year and an increase of 23 percent from the first quarter 2003.
Previous results: Q1 03; Q4 02; Q3 02.
Earning call later today at 11 AM EST.
