Vocus revenues increase 9% despite overall loss

LANHAM, MD: Vocus reported $22.3 million in revenue for Q1, a 9% increase over the same period last year.

LANHAM, MD: Vocus reported $22.3 million in revenue for Q1, a 9% increase over the same period last year.

The company also reported a net loss of $579,000, compared to $478,000 for the same period last year. The operating loss for the first quarter of 2010 was $549,000 compared to income from operations of $296,000 for the same period last year.

Frank Strong, director of PR for Vocus attributed the losses to increased spending and investment in industry products and services, which include a social media tool that will be released in May. "We consider now to be the time to invest and we consider the social media market as a very important area,” he said.

In addition the company recently expanded its salesforce by 20% and moved to larger offices. 

Separately Vocus also announced two international acquisitions: French company Datapresse, which sells on-demand PR software and recently launched a European media database and online press release distribution service, and China-based DBL Media, an online news release company which provides PR software and services, including media relations, news monitoring, and news distribution.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in