PR NEWSWIRE – Aug 14 – “We remain focused on our growth strategy and continue to undertake the necessary steps to optimize our business. As part of this effort, we have begun the process of closing 5,000 co-branded sites, which we expect to be fully completed by the end of the year,” said Anthony Previte, CEO. Q2 revenue was $81.1M, negatively impacted by less than expected new subscriber growth but was positively impacted by the Live Interactive Video segment’s continued growth. Loss from continuing operations was ($7.4M), or ($0.24) per share. The loss from discontinued operations, which resulted from the closure of all JigoCity operations, was ($3.1M) or ($0.10) per share.
The full article was originally published at PR Newswire, but is no longer available.