News
Jupiter Media reports 2nd quarter 2008 financials
Jupitermedia Corporation (Nasdaq: JUPM) has released the financial results for the 2nd quarter of 2008 completed on June 30, 2008. The company reported slightly higher revenues of $35 million for Q208, compared with $34.6 million last year, but still wound up in the red again with a net loss of $3.286 million. Compared to the previous year Jupiter is down $1.293 million and the previous quarter down $52.000. Shares closed yesterday at $1.30.
“Revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 90% from the first half of 2007 to the first half of 2008. We also continue to experience significant growth from our Stockxpert.com microstock offering, both with single images and subscriptions. Our backlog for both JupiterimagesUnlimited and our Stockxpert.com microstock subscription offerings continue to increase which bodes well for future revenues,” stated Jupitermedia’s Chairman and CEO Alan M. Meckler. “We have also made additional investments in our Online Media business, with the launch of our Graphics.com/Learning.com online education offering, new editorial Web sites and new events.”
Jupitermedia Corporation is hosting a conference call reviewing 2008 second quarter results on Thursday, August 7, 2008 at 5:00 pm EST. The conference call number is (888) 726-2459 for domestic participants and (913) 312-0686 for international participants; confirmation code “844 0097.”
Web: www.jupitermedia.com
Posted in: Jupiter Media, News, Stock Photo Companies
