ViewCast Turns a Profit in Q3 as Revenue Jumps 54%

Posted by Joe Zaller
Nov 15 2010

ViewCast said today that its revenue for the third quarter of 2010 was $4.5m, an increase of 54% versus the same period last year and an increase of 10% versus the previous quarter.  The company said this is its fourth consecutive quarter of revenue improvement.

The company returned to profitability in the quarter, eking out net income of $8,000 compared to net loss of $782,000 in the same period a year ago, and a loss of $701,000 last quarter. Operating income for the quarter was $51,000, an improvement on the operating loss of $743,000 for the year-earlier period. 

Year-to-date, the company’s revenue was $12.4m, an increase of 18% versus the first nine months of 2009. Net loss for the first nine months of 2010 was $693,000 compared to a net loss of $2.5 million in the first nine months of 2009.

Company president & CEO Dave Stoner said that the company’s improving performance “reflects a company not only emerging from a challenging economic period, but hitting on all cylinders as we finish the year and enter 2011.”


You can read the full ViewCast Q3 earnings announcement here.

A write-up of ViewCast’s Q2 results can be found here.


One Response

  1. […] This post was mentioned on Twitter by Joe_Zaller, greyhawk. greyhawk said: ViewCast Turns a Profit in Q3 as Revenue Jumps 54% […]

%d bloggers like this: