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MindArrow Has Profitable First Quarter

MindArrow Systems Inc., Aliso Viejo, CA, had first quarter net income of $700,000, compared with a net loss of $5.4 million in first quarter 2000. The company’s revenue jumped from just under $1 million to nearly $1.1 million during the same period. The quarter ended Dec. 31. Part of the net income was a non-operating gain of $3.6 million, stemming from funds recovered from an earlier effort to defraud

MindArrow Systems Inc., Aliso Viejo, CA, had first quarter net income of $700,000, compared with a net loss of $5.4 million in first quarter 2000. The company’s revenue jumped from just under $1 million to nearly $1.1 million during the same period. The quarter ended Dec. 31.

Part of the net income was a non-operating gain of $3.6 million, stemming from funds recovered from an earlier effort to defraud the company.

MindArrow provides digital marketing software and services.

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