New York, NY, Nov. 06, 2008. Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended September 30, 2008.
Highlights for the third quarter of 2008 include:
- Revenues for the third quarter of 2008 were $31.0 million compared to revenues of $34.8 million for the same period last year.
- Loss per diluted share was $0.63 and included non-cash stock-based compensation expense, legal fees related to the recently signed stock purchase agreement with Getty Images, Inc. and the establishment of a valuation allowance on certain deferred tax assets, which totaled $0.52 per diluted share. Excluding these charges, loss per diluted share was $0.11.