Broadview Media, Inc. Announces 2nd Quarter Results
Tuesday, 15 November 2005
Broadview Media, Inc. reported revenues for the second fiscal quarter ended September 30, 2005, of $2,593,043 versus $2,092,861 reported for the same period last year. Net loss totaled $135,211, or $0.02 per basic and diluted share, versus a net loss of $172,084, or $0.02 per basic and diluted share for the same period last year. Results for all periods prior to July 1st, 2005 have been combined and restated in a manner similar to a pooling of interests to reflect the acquisition of Utah Career College (UCC).
Year to date revenues totaled $4,938,089 in fiscal 2006 versus $4,362,876 in fiscal 2005. For the six months ended September 30, 2005, the company reported a net loss of $530,584 or $0.07 per basic and diluted share, compared to a net loss of $215,315, or $0.03 per basic and diluted share in the previous year.
"We are excited about the acquisition of the Utah Career College and pleased to report the US Department of Educations approval of the transaction. We believe there is significant opportunity for growth in the Education market and we will focus our resources in this area. Media Production continues to be challenging and we will reduce our emphasis in this arena," said Terry Myhre, Broadview chairman and CEO.