Tiger Media Q1 Loss Narrows - Quick Facts

By RTT News, 
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(RTTNews.com) - Tiger Media Inc. ( IDI ) said that its first-quarter net loss narrowed to $1.17 million from $1.19 million in the prior year. Quarterly loss per share narrowed to $0.03 from $0.04 in the previous year.

Non-GAAP net loss attributable to shareholders for the first quarter was $0.9 million, as compared to a loss of $1.1 million for the corresponding period in 2013.

Advertising service revenues for the first quarter of 2014 were $0.5 million, as compared to $0 for the corresponding period in 2013. During the first quarter of 2014, the Company entered into $0.9 million of advertising contracts ranging from 3 days to 21 months. The seasonal decline in outdoor advertising during this period coupled with turnover of our sales team resulted in not meeting our revenue expectations for this quarter. Management intends to expend significant effort to increase the quality and size of our sales force in the course of the year.

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This article appears in: Earnings

Referenced Stocks: IDI

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