TheStreet, Inc. Earnings Cheat Sheet: Loss Widens, but Revenue Grows

TheStreet, Inc. (NASDAQ:TST) reported its results for the second quarter. Thestreet.com, Inc. together with its subsidiaries provides a variety of subscription-based and advertising-supported content and tools through a range of online platforms, including web sites, mobile devices, email services, widgets etc.

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TheStreet Earnings Cheat Sheet for the Second Quarter

Results: Loss widened to $1.7 million (5 cents per diluted share) from $339,798 (loss of one cent per share) in the same quarter a year earlier.

Revenue: Rose 2.5% to $15 million from the year earlier quarter.

Quoting Management: “While the growth rates we experienced in the first quarter moderated as the level of uncertainty in the global financial markets increased and advertisers and investors became more cautious — particularly as the quarter progressed — we nonetheless saw a number of key proof points which confirm to us that the Company’s strategy is gaining traction,” said Daryl Otte, the Company’s Chief Executive Officer.

Key Stats:

Gross margin shrank 3.4 percentage points to 54.7%. The contraction appeared to be driven by increased costs, which rose 10.9% from the year earlier quarter while revenue rose 2.5%.

The company’s revenue has now risen for two straight quarters. In the first quarter, revenue increased 4.6% to $14.1 million from the year earlier quarter.

Competitors to Watch: Yahoo! Inc. (NASDAQ:YHOO), Google Inc. (NASDAQ:GOOG), AOL, Inc. (NYSE:AOL), Banks.com Inc (AMEX:BNX), Microsoft Corporation (NASDAQ:MSFT), China Finance Online Co. (NASDAQ:JRJC), Time Warner Inc. (NYSE:TWX), AOL Inc. (NYSE:AOL), Pearson (NYSE:PSO), WebMD Health Corp. (NASDAQ:WBMD), CBS (NYSE:CBS), News Corp. (NASDAQ:NWSA) and IAC/InterActiveCorp (NASDAQ:IACI).

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(Source: Xignite Financials)

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