Online forum and message board provider CrowdGather narrowed its net loss in the first quarter when compared to a year ago.
The Woodland Hills-based company reported a loss of $677,028 or $.01 per diluted share, on revenue of $591,202 for the quarter ending July 31. For the same period in 2011, the company reported a net loss of $871,235 or $.01 per diluted share, on revenue of $334,036.
“Our business continues to enjoy momentum despite the fact that the summer months are typically our weakest,” said CrowdGather Chairman and CEO Sanjay Sabnani in a prepared statement. “We have started adding properties to our proprietary forum ad server and expect to move toward full deployment before the end of this current fiscal quarter.”
As of July 31, CrowdGather had 26 million users registered on its network sites. For July 2012, the company had 200 million page views across all its properties, an increase of 33 percent of the 150 million page views in July 2011.
Mark R. Madler