||Revenues for the first quarter of 2012 were $3.7 million compared to revenues of $2.2 million for the same period in 2011, an increase of 64%, and included $1.1 million from Inside Network, which we acquired in May 2011. Revenues from advertising and education, excluding the impact of the Inside Network acquisition, increased 25% and 18%, respectively, compared to the same period last year. Inside Network’s market research and data services business, which includes AppData, contributed $438,000 in revenues during the first quarter of 2012.|
|•||Net loss for the first quarter of 2012 was $617,000, compared to a net loss of $1.3 million for the same period last year. Non-GAAP loss, excluding interest, taxes, depreciation, amortization and stock option-related expense, or EBITDA, was $188,000 during the first quarter of 2012, compared to a loss of $903,000 for the same period last year. We track this metric and present it here because we believe it helps in the analysis of the performance of our core operations. Non-cash stock option-related expense was $130,000 during the first quarter of 2012 compared to $84,000 during the first quarter of 2011.|
WebMediaBrands Inc. Reports Financial Results For Its First Quarter Ended March 31, 2012; First Quarter Revenues Increase 64%
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