SEO News
Search

MIVA Reports $6.5 Million Second Quarter 2008 Loss

johnson-nathania
by , Comments

MIVA, who yesterday rejected an acquisition bid from online video search engine blinkx, has posted a $6.5 million loss for the second quarter of 2008. MIVA CEO and President Peter Corrao tried to keep things in perspective for shareholders and Wall Street:

“The most recent quarter has been a transitional one for our business. We are encouraged by the results of the growth initiatives that we've been working towards, such as the continued roll-out of our ALOT toolbar and homepage brand and the continued growth of destination sites like Spill.com. In addition, our new MIVA Media technology platform remains on schedule for a US release in the fourth quarter of this year.”

While significant, the loss is at least less severe than last year's $16 million loss for the same quarter.


ClickZ Live San Francisco This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) will bring together the industry's leading online marketing practitioners to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, the comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!

Recommend this story

comments powered by Disqus