MARKETWIRE – Nov 6 – Q3 2014 revenue was $15M, down 14% primarily due to 14% decrease in average paying subscribers. Net loss in Q3 2014 was $969K, compared to a net loss of $2.6M in the year ago period. Executive Chairman Michael McConnell stated, "The Company has experienced significant changes since the removal of the majority of the Board in July. Our focus has been on right-sizing the corporate cost structure and driving improved marketing efficiency, particularly at ChristianMingle.
The full article was originally published at Seeking Alpha, but is no longer available.
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