J.L. Halsey Reports $445,000 1Q Loss
Marketing technology concern J.L. Halsey yesterday reported a net loss of $445,000 on revenue of $8.4 million for the quarter ended Sept. 30, 2006, compared to a profit of $526,000 on revenue of $3.5 million for the same period a year ago.
Results for J.L. Halsey’s first fiscal quarter of 2007 reflect an acquisition binge, according to a statement by J.L. Halsey CEO David Burt.
“Our financial performance in the first quarter of 2007 reflects the acquisitions of EmailLabs, ClickTracks and Hot Banana, and a more than 50% increase in hosted software revenues at Lyris and EmailLabs as we continue to realize our strategy to drive growth from that part of our business,” said Burt. “During the quarter, we transitioned from a company focused solely on email marketing to one that is able to offer small-medium sized business (SMB) digital marketers a broader set of tools they need to optimize their online marketing.”
