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Article: Autobytel Reports 2009 Second Quarter Financial Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- July 23, 2009
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* Cash position increases from Q1 to $26.8 million
* Operating costs reduced significantly
IRVINE, Calif. -- Autobytel Inc. (Nasdaq: ABTL), a leading automotive marketing services company, today announced financial results for its 2009 second quarter, ended June 30, 2009.
The company reported a net loss of $251,000, or $0.01 per share, for the second quarter of 2009. This included other income of approximately $580,000 related to the sale of common shares of a third party acquired as part of the purchase of Autoweb several years ago, and $1.3 million in income from discontinued operations in connection with the release of escrowed funds from the ...