News
a21 Announces 2nd quarter 2008 financials
a21, Inc. (OTCBB:ATWO), owner of the stock photo business Superstock and the framed art supplier ArtSelect,has announced the results for the second quarter of 2008.Revenue is reported at $5.2 million, down from $5.7 million year over year with cost of sales amounting to $2.2 million, (43% of revenues) up from $2.3 million (40% of revenue) in the previous year. The company is pointing to improvements in efficiency and cost control initiatives which have lead to a $900,000 reduction in selling, general, and administrative expenses from the previous year.
According to a recent press release the net loss for the second quarter of 2008 was $801,000, or $0.01 per fully diluted share, compared to a net loss of $1.2 million, or $0.01 per fully diluted share, for the same prior year period. At June 30, 2008, the Company’s cash position was $724,000 and working capital was $317,000.
Web: www.a21group.com - Click here to view the original press release.
