Vocus Q4 Earnings: Profits Down; Revenues Up 9% Over 2009

PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported fourth quarter losses of $821K and full year 2009 losses of $2M.

However, fourth quarter revenue was up seven percent year over year to $22 million and up nine percent for the full year to $84.6 million. Vocus signed a record 447 net new customers in Q4, bringing the company’s total number of subscription customers to 4,400.

CEO Rick Rudman said in a conference call that the company would invest in three areas of business in 2010: core mid-market direct sales, small business and social media.

Regarding the mid-market direct sales, Rudman said the company will grow market-share via a larger sales-force, “at the expense of competitors who are financial unavailable to make similar investments.”

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