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NEW YORK 24/7 Real Media yesterday reported a 24 percent revenue rise and narrower net losses in the third quarter versus the year-ago period.
The online advertising and technology company recorded Q3 revenue of $12.1 million, up from $9.7 million in Q3 2002 and flat with $12.2 million in Q2 2003. 24/7 also achieved positive EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter of $145,000.
Third-quarter net loss was $1.4 million, or 2 cents per share, a 79 percent improvement over a net loss of $6.6
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