Loudeye Reports Narrower Q4 Pro Forma Loss - Update [LOUD]2/24/2004 Tuesday after the bell, Loudeye Corp. (LOUD) released fourth quarter financial results, reporting a loss that narrowed from last year on higher revenues.
The Seattle, Washington-based Loudeye reported a pro forma net loss for the quarter of $905,000 or $0.02 per share, compared to a pro forma net loss of $5.3 million or $0.12 per share in prior year quarter.
Revenues for the quarter rose to $2.9 million, the company revealed, up from $2.6 million posted in the year-ago quarter.
For the full year 2003, Loudeye posted pro forma net loss of $7.8 million, or $0.16 per share, compared to a pro forma net loss of $22.4 million, or $0.54 per share in prior year quarter.
Shares of LOUD closed Tuesday’s regular trading session at $2.30
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