LANHAM, MD: Vocus, an on-demand PR management software creator, reported $21.1 million in revenues for this year's second quarter, representing 10% growth over the same period last year.
The company's net loss for the quarter, which ended June 30, 2009, was $343,000, compared to a net income gain of $5.7 million in the year-ago period. William Wagner, CMO at Vocus, said last year's gain was due to a large tax reversal. That's a smaller net loss than in Q1 2009 when Vocus reported a $478,000 net loss on revenues of $20.4 million.
The company also reported 203 new subscribers during Q2, compared to 265 in the same period last year. It ended its first six months with 3,761 subscription customers. Among the companies it signed were Angie's List, Deloitte & Touche GmbH, General Dynamics, the National Hockey League, and 7-Eleven.
Income from operations was $228,000 for the quarter, compared to a loss of $446,000 during the second quarter of 2008. Non-GAAP income from operations was $4 million, a $1 million increase year-over-year.
The company beat its own predictions for the quarter slightly. It previously forecasted revenues in the range of $20.6 million to $20.8 million.
For this year's third quarter, Vocus expects revenue in the range of $20.8 million to $21 million. For the full year, it expects revenue in the range of $84.2 million to $84.7 million.