Medialink Revs Slump Nearly 35% In 1Q

  • May 15, 2009
Medialink revenues for the first quarter were down 34.5% -- from $4.9 million to $3.2 million. The company incurred an operating loss of $1.3 million in the first quarter of 2009, as compared to an operating loss of $1.5 million in the comparable 2008 quarter. For the three months ended March 31, 2009, the company reported a net loss of $1.5 million, or $0.23 per share. The loss from discontinued operations in the 2009 quarter represents costs incurred in the period for winding down Medialink UK. For the same period in 2008, Medialink reported a net loss of $2.5 million, or $0.39 per share.

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