MessageMedia Cuts its Losses in the Second Quarter

Share this content:
MessageMedia Inc., a provider of e-mail messaging services, said that it reduced its net loss for the second quarter to $13.5 million, or 20 cents per share, from $19.7 million, or 35 cents per share a year ago.


Total revenue for the quarter fell to $7.6 million from $8.4 million in the same quarter a year earlier. Messaging revenue fell slightly in the second quarter to $5.3 million, from $5.9 million a year ago. Software and related services revenue also was down, to $2.3 million from $2.5 million in 2000.


The Louisville, CO-based company attributed its performance to successful cost reduction initiatives started in December. Part of that cost reduction entailed the elimination earlier this year of 21 percent of its workforce, or about 75 people. The cuts are expected to save the company about $1 million.


MessageMedia said its second quarter performance included expenses of $600,000 related to workforce reductions and a restructuring charge of $6.4 million.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here