Rainmaker Systems Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
August 12, 2013 at 04:27 pm EDT
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Rainmaker Systems Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net revenues of $4,730,000 compared with $6,895,000 for the same period a year ago. Operating loss was $2,872,000 compared with $808,000 for the same period a year ago. Loss before income tax expense was $2,936,000 compared with $836,000 for the same period a year ago. Net loss from continuing operations was $2,961,000 or $0.08 per basic and diluted share compared with $901,000 or $0.03 per basic and diluted share for the same period a year ago. Net loss was $3,030,000 or $0.08 per basic and diluted share compared with $2,611,000 or $0.10 per basic and diluted share for the same period a year ago.
For the six months, the company reported net revenues of $9,386,000 compared with $13,296,000 for the same period a year ago. Operating loss was $6,424,000 compared with $1,933,000 for the same period a year ago. Loss before income tax expense was $6,356,000 compared with $1,982,000 for the same period a year ago. Net loss from continuing operations was $6,411,000 or $0.19 per basic and diluted share compared with $2,100,000 or $0.08 per basic and diluted share for the same period a year ago. Net loss was $6,324,000 or $0.19 per basic and diluted share compared with $4,086,000 or $0.15 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $3,203,000 compared with $455,000 for the same period a year ago. Purchases of property and equipment was $873,000 compared with $553,000 for the same period a year ago.
Rainmaker Systems, Inc., is an enterprise solutions company. Rainmaker Systems, Inc. and its subsidiaries are focused on serving business enterprises to help increase sales to small and medium sized businesses. The Company's services include lead generation services, SMB sales and contract renewals and training. The Company has developed the Rainmaker Revenue Delivery Platform which combines sales and marketing services coupled with renewals software and business analytics. The Companyâs services include marketing strategy development, personalized renewals and subscription e-commerce and microsite creation and hosting, inbound and outbound e-mail, direct mail, chat, and call center services across the world. The Companyâs ViewCentral SaaS platform provides an end-to-end solution for the management and delivery of training programs for corporations. The ViewCentral Learning Management System platform is a SaaS, cloud based, on-demand, training management system.