PlanetOut - Latest LGBT Profit Results

TOPICS: PlanetOut. LGBT. Gay communications. Lesbian and gay media. PlanetOut profits. Bill Gates. PlanetOut releases latest results. Loss compared to last year on increased revenues. LGBT PlanetOut news.

Ian Johnson, Out Now
August 5, 2007

The latest financial results for PlanetOut have been released.

Gay Market News covered the recent problems experienced by PlanetOut since a financial crisis cash crunch was revealed earlier this year.

Some of that coverage includes:

• First news that PlanetOut was experiencing revenue and cash flow problems.
• Bill Gates corporate investment vehicle investing in PlanetOut.
• Staff cuts and office closures at PlanetOut announced.

The PlanetOut share price has been on the rebound since lows of well below $1 per share were reached for the stock. Latest share price on Nasdaq PlanetOut code: LGBT stock is here, so you can check on the latest stock price right now.

On a value basis, at a stock price of around $1.75 per share, some analysts see the stock as a 'good value' buy.

The latest Q2 profit results in summary are:

Revenue $18.5 million for Q2 2007 - up 14% on previous year.

EBITDA loss of $3.3 million compared to a $2.0 million EBITDA profit same period 2006.


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