24/7's Revenue Up, Losses Down

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NEW YORK 24/7 Real Media on Thursday reported a 10 percent revenue rise and narrower net losses in the first quarter versus the year-ago period.

The online advertising and technology company recorded Q1 revenue of $11.8 million, up from $10.8 million in Q1 2002. First-quarter net loss was $2.3 million, or 4 cents per share, a 38 percent improvement over a net loss of $3.7 million, or 7 cents per share for the same quarter a year ago.

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