IMedia International Inc. reported a net loss of $4.2 million for the first quarter, compared to a net loss of $872,112 last year.
The digital marketing agency posted revenue of $446,464 for the quarter ended March 31, up from $25,000 last year.
Management of the Santa Monica, CA firm attributed these results to “substantial legal and accounting costs related to IMedia’s fully reporting status, regulatory compliance and increased sales and marketing efforts.”
Network
