Rainmaker Systems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
November 18, 2013 at 06:30 pm EST
Share
Rainmaker Systems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, net revenue was $4.160 million against $6.900 million a year ago. Operating loss was $3.482 million against $0.537 million a year ago. Loss before income tax benefit was $3.607 million against $0.937 million a year ago. Net loss from continuing operations was $3.587 million against $0.944 million a year ago. Net loss was $3.621 million or $0.09 per basic and diluted share against $1.650 million or $0.03 per basic and diluted share a year ago.
For the nine months, net revenue was $13.546 million against $20.196 million a year ago. Operating loss was $9.907 million against $2.470 million a year ago. Loss before income tax benefit was $9.964 million against $2.919 million a year ago. Net loss from continuing operations was $9.999 million against $3.044 million a year ago. Net loss was $9.946 million or $0.28 per basic and diluted share against $5.736 million or $0.21 per basic and diluted share a year ago. Net cash used in operating activities was $2.885 million against $1.581 million a year ago. Purchases of property and equipment was $1.614 million against $0.907 million 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.
RAINMAKER SYSTEMS, INC. 
