Vidaroo Corporation Announces Quarterly Results With Year Over Year Revenue Increase of 56%
15 Fevereiro 2011 - 1:07PM
Vidaroo (OTCBB:VIDA) today announced its operating results for the
quarter ended December 31, 2010. Year over year revenue increased
by 56% to $387 thousand, while operating margin improved by 35% to
$275 thousand. The Company continued to show a net loss but reduced
that loss by $433 thousand to $357 thousand.
"We are pleased with our continued progress, as the growth in
revenue and operating margin produced positive cash flow from
operations for the three months ended December 31, 2010," indicated
Tom Moreland, Chief Financial Officer.
"The ongoing success of our Production business, along with the
continued gains shown in Software Licensing," states Mark Argenti,
CEO, "have allowed the Company to make progress toward breaking
even and ultimately achieving profitability." Mr. Argenti
elaborated, "...the anticipated launch of the Company's redesigned
marketing website, along with initiation of our fully automated
client interface during this quarter, is expected to be
instrumental in furthering our Software as a Service (SaaS)
initiatives, accelerating current sales efforts while generating
opportunity for new revenue."
About Vidaroo Corporation
Vidaroo Corporation is a video technology company that provides
a best-in-breed Online Video Platform and state of the art Video
Production. Vidaroo's Online Video Platform and Video Production
has earned the trust of a growing list of current and former
clients including advertising agencies, iconic artists, media
companies, organizations, businesses, and national brands such as
Microsoft, The Coca-Cola Company, Tribune News Company, Toyota,
Emmis Communications, Clear Channel, Black Eyed Peas, Mary J.
Blige, Britney Spears, Justin Timberlake and more. Vidaroo's Online
Video Publishing Technology enables firms to easily create, deliver
and monetize video and advertising delivery.
Some of the above statements may be 'forward-looking' statements
as defined by section 27A(c)(1)(A)(i) of the Securities Act of
1933.
See Vidaroo.com for a full safe harbor disclosure statement.
CONTACT: Vidaroo Corporation
Tom Moreland
tom.moreland@vidaroo.com
Vidaroo (CE) (USOTC:VIDA)
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