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Article: LiveWorld Announces 3rd Quarter Financial Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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LiveWorld, Inc. (Pink Sheets:LVWD), a leading social media marketing agency, reported $2.5 million in total revenues and net income of $7,000 for the third quarter of 2009 as compared to $2.7 million in total revenues and net loss of $602,000 for the third quarter of 2008. The Company saw lower revenues as a result of fewer new client acquisitions, which was partially offset by new projects from existing clients. The $609,000 increase in the net income was attributable to efficiencies the Company has been able to obtain in the delivery of services to clients.
"We have delivered improved quarterly results in this challenging economic environment, as we continued ...