Vocus posts 53% Q2 revenue gain, but $5.2m net loss

BELTSVILLE, MD: Cloud marketing software company Vocus reported second-quarter revenue of $43.6 million on Tuesday, a 53% increase compared with the previous year. It ran a $5.2 million net loss in the quarter.

BELTSVILLE, MD: Cloud marketing software company Vocus reported second-quarter revenue of $43.6 million on Tuesday, a 53% increase compared with the previous year. It ran a $5.2 million net loss in the quarter.

The company also reported a $4.8 million loss from operations in Q2.

For the first six months of 2012, Vocus reported revenue of $78.5 million, up 41.5% compared with the first half of 2011. It ran a loss from operations of $15.2 million during that time, as well as a net loss of more than $16 million.

The company said it expects revenue in the range of $44.2 million to $44.5 million in the third quarter of this year, and revenue between $172 million and $173 million for full-year 2012.

In an earnings statement, Vocus president and CEO Rick Rudman said the company was “very pleased” with its Q2 results and added that “the investments we are making in 2012 to increase our sales capacity and expand the breadth of our digital marketing suite will position us well for continued growth and success.”

The company noted that its deferred revenue recorded in connection with its iContact acquisition was $1.6 million. It bought iContact for $169 million including cash and stock options and added email to its marketing suite in February.  

Vocus also added broadcast monitoring for TV and radio to its News on Demand product in May.

Vocus CMO Jason Jue noted that the company sees a “huge opportunity for PR pros as customers and businesses are increasing business online and in social networks.”

The company did not break out organic revenue growth in its Q2 earnings report. Organic revenue represents change in constant currency without measuring the impact of acquisitions or disposals.

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