Medialink Q2 results show revenue increase, net loss

NEW YORK: Medialink reported a revenue increase of 9.6% to $8.3 million over the same time period last year, with a net loss of $1.7 million for the second quarter. Medialink subsidiary, Teletrax, a digital video tracking service fell short of company objectives for the first six months of 2007, but showed a 30.4% increase in revenues for the quarter, equivalent to $191,000. The second quarter showed an operating loss of $2.2 million.

NEW YORK: Medialink reported a revenue increase of 9.6% to $8.3 million over the same time period last year, with a net loss of $1.7 million for the second quarter. Medialink subsidiary, Teletrax, a digital video tracking service fell short of company objectives for the first six months of 2007, but showed a 30.4% increase in revenues for the quarter, equivalent to $191,000. The second quarter showed an operating loss of $2.2 million.

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