MAMA – Mamma.com Inc. (Nasdaq) (Closing Price – $4.50)
Mamma.com reported first quarter results on May 10 and the numbers they released were very unimpressive.
Mamma.com reported a loss of 0.10 per diluted share on revenue of 2.64 million. Search revenues increased but graphic advertising and “other” revenues were down sharply. Last quarter they had “other” revenues of 1.19 million (comprised of search advertising – 0.26 mil, software licensing – 0.7 mil, and customized development & maintenance – 0.23 mil). This quarter they said “other revenues such as software licensing and customized development and maintenance support” totaled 0.127 million. I am not sure if search advertising is part of the “other” revenues since they said “such as” and didn’t provide a breakdown of “other” revenues. However, even without search advertising taken into account this is a huge decrease in “other revenues” from the previous quarter. (more…)