24/7 Real Media Inc. reported third-quarter revenue of $8.3 million, and a net loss of $11.6 million. The firm's integrated media solutions unit, which includes e-mail list management and brokerage, posted revenue of $7 million, and gross margin of 19%, excluding depreciation. The technology solutions division generated sales of $1.3 million, with 53% gross margin. Included in this was revenue from
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24/7 Real Media Inc. reported third-quarter revenue of $8.3 million, and a net loss of $11.6 million.
The firm's integrated media solutions unit, which includes e-mail list management and brokerage, posted revenue of $7 million, and gross margin of 19%, excluding depreciation.
The technology solutions division generated sales of $1.3 million, with 53% gross margin. Included in this was revenue from Real Media's Open AdStream. 24/7 recently acquired Real Media.
The firm reduced its operating expenses to $12 million, compared with $20 million in the prior quarter.
