New York, NY, Nov. 08, 2007. Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended September 30, 2007.
Highlights for the third quarter of 2007 include:
- Revenues for the third quarter of 2007 were $34.8 million compared to revenues of $33.8 million for the same period last year. Revenues from Online Images increased from $26.2 million to $26.8 million, while revenues from Online Media increased from $7.6 million to $7.9 million.
- Loss per diluted share from continuing operations was $0.01 and included non-cash stock-based compensation expense, one time expenses related to debt issuance costs and expenses related to canceled events, which totaled $0.03 per diluted share.
- Deferred revenues increased from $14.3 million at June 30, 2007 to $16.1 million at September 30, 2007 due to the acquisition of Mediabistro and the increase in bookings for our JupiterimagesUnlimited high level subscription offering.