Modavox, Inc. (MDVX.OB), a company dedicated to Internet broadcasting, audio, and video, announced its second quarter fiscal earnings for the quarter earnings for the quarter ending on August 31, 2007.
For the quarter ended August 31, 2007, the company has revenue totaling $1,131,882, whereas this same quarter last year only saw revenue streams of $698,946. During this quarter, the company also expreienced a net income of $158,013, compared to a net income of $53,708 in the 2006. These increases can be attributed to the public’s increased attention of Modavox’s new internet radio division, World Talk Radio, which was acquired on March 3, 2007,
During the six months that ended August 31, 2007, the Company had a minimal net loss of $179,818, compared to a net loss of $615,514 in 2006. Because of the increased revenue through MDVX.OB’s new sales division, net loss was able to decrease six fold.
Modavox CEO David J. Ide stated, “The continued refinement of our Interactive Media Division has the potential to continue to yield further product enhancements for our VoiceAmerica, World Talk Radio, and e-Learning platforms. In addition, the company has made some progress in productizing our Interactive Division offering. We continue to create commercial grade products, which are customizable, and solid platforms for content delivery. We are pleased with the results of our quarterly review; however, we are keenly aware and understand that expectations remain high for our young company and much work remains to be done. With this said, we remain optimistic that continued execution of our business plan will provide long term sustainable value to our shareholders.”
Let us hear your thoughts: Modavox, Inc. Message Board
