Vocus Q3 revenues up 5%, profit down

LANHAM, MD: Vocus, an on-demand PR management software creator, reported $21 million in revenues for this year's third quarter, a 5% increase over the same period last year. The company reported a net loss of $382,000 for its third quarter, compared to a net income of $218,000 for the same period last year.

LANHAM, MD: Vocus, an on-demand PR management software creator, reported $21 million in revenues for this year's third quarter, a 5% increase over the same period last year. The company reported a net loss of $382,000 for its third quarter, which ended September 30, 2009, compared to a net income of $218,000 for the same period last year.

This is a slighter larger net loss than in Q2 when Vocus reported $343,000 net loss on revenues of $21.1 million. In Q2, William Wagner, CMO at Vocus, said last year's gain was due to a large tax reversal. Year to date, the company reported a net loss of $1.2 million on revenues of $65.5 million.

The company also reported adding 240 new subscribers during Q3 compared to 233 new subscribers during the same period last year. It ended Q3 with a total of 4,001 subscribers. The company's customers now include The Dannon Company, Wyndham Worldwide, Lawson Software, Cornell University, and Sun Life Assurance Company of Canada.

Income from operations was $160,000 for the quarter, compared to a loss of $220,000 during the third quarter of 2008.

Its revenues are on target for its expectations which were between $20.8 million to $21 million for Q3. For Q4, Vocus expects between $21.7 million to $21.9 million. For the full year, it expects revenue in the range of $84.2 million to $84.4 million.

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