Commtouch Reports Second Quarter 2003 Results and Issues Business Updates
Thursday August 21, 4:43 am ET
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 21, 2003--Commtouch (Nasdaq:CTCH - News), a developer and provider of proprietary anti-spam solutions, today announced its second quarter results for 2003.
Revenues for the quarter were $70 thousand compared to $107 thousand for the prior quarter and $1,005 thousand in the comparable quarter last year. Total loss for the quarter was $1,037 thousand compared to $1,144 thousand in the prior quarter and $725 thousand in the comparable quarter last year. During the second quarter, Commtouch recognized $238K as equity in income of Imetrix (formerly Commtouch Japan).
Revenues for the six months ended June 30, 2003 were $1,005 thousand and $2,276 thousand in the comparable period last year. Total loss for the six months ended June 30, 2003 was $2,181 thousand compared to $1,599 thousand in the comparable period last year.
Cash as at June 30, 2003 was approximately $1,034 thousand compared to $1,388 thousand as at December 31, 2002. During the second quarter, the company received $838 thousand of the total loan amount of $1,250 thousand under the previously announced convertible loan agreement.
BUSINESS UPDATES:
1. The two private placements announced on July 16 and August 4, 2003 in the amounts of $1,440,000 and $1,600,000 recently closed, and to date the company has received a majority of the investment proceeds.
Thursday August 21, 4:43 am ET
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 21, 2003--Commtouch (Nasdaq:CTCH - News), a developer and provider of proprietary anti-spam solutions, today announced its second quarter results for 2003.
Revenues for the quarter were $70 thousand compared to $107 thousand for the prior quarter and $1,005 thousand in the comparable quarter last year. Total loss for the quarter was $1,037 thousand compared to $1,144 thousand in the prior quarter and $725 thousand in the comparable quarter last year. During the second quarter, Commtouch recognized $238K as equity in income of Imetrix (formerly Commtouch Japan).
Revenues for the six months ended June 30, 2003 were $1,005 thousand and $2,276 thousand in the comparable period last year. Total loss for the six months ended June 30, 2003 was $2,181 thousand compared to $1,599 thousand in the comparable period last year.
Cash as at June 30, 2003 was approximately $1,034 thousand compared to $1,388 thousand as at December 31, 2002. During the second quarter, the company received $838 thousand of the total loan amount of $1,250 thousand under the previously announced convertible loan agreement.
BUSINESS UPDATES:
1. The two private placements announced on July 16 and August 4, 2003 in the amounts of $1,440,000 and $1,600,000 recently closed, and to date the company has received a majority of the investment proceeds.
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