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NEW YORK Modem Media reported that its fourth-quarter revenue rose 10 percent to $16.4 million, while its full-year 2003 revenue fell 13 percent to $61 million.
Favorable foreign exchange rates improved the company’s fourth quarter and full-year revenue by $200,000 and $500,000, respectively, compared to the year-earlier period.
The interactive agency recorded a fourth-quarter net income of $700,000, or 2 cents per diluted share, an improvement over the year-ago quarter’s net loss of $5.2 million, or 20 cents per diluted share.
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