Rocket Fuel Revenue Grows by More Than 100%
But still no profits at ad tech player
Rocket Fuel continued its growth trajectory last quarter, with revenue more than doubling, the company reported.
The digital advertising tech firm generated $85.6 million in the fourth quarter, 113 percent greater than the same period the year prior. For full-year 2013, Rocket Fuel's revenue grew 126 percent to $240.6 million.
The company went public last year, and shares have been volatile. But in after-hours trading, they trended upward on the quarterly results. Rocket Fuel stock rose nearly 4 percent to $54.75
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