ViewCast reported its Q2 and first half 2010 results today.
For the second quarter the company posted a net loss of $390K, which is an improvement on previous results. Revenue for the second quarter was up 26% y/y and 13% q/q to $4.14m.
For the first six months of the year, Viewcast made a net loss of $701K, an improvement on the net losss of $1.7m during the first six months of 2009. Revenue for the first half of 2010 was up 4% to $7.8m. EBITDA for six-months 2010 was $(195K), compared to $(1.3m) in the first six months of 2009.
In its earnings press release, the company said that it had introduced new products, joined the WebM project, and landed several new customers
Company President and CEO Dave Stoner issued an upbeat statement, saying: “Results from the second quarter – especially the interest from new and significant corporate customers and potential resellers – has the organization energized and working hard to meet demand. We believe the work we did during the economic downturn of 2009, including product development and cost cutting, has positioned us for significant growth and improved financial results.”
You can read the full ViewCast Q2 earnings press release here.