Higher revenues help offset Q1 net loss at Yangaroo

TORONTO – Despite setting a company record with revenues 43% higher this quarter than those for the same period in 2008, Yangaroo still posted a net loss for its first quarter of 2009. The digital media distribution company's net loss for the quarter ended March 31, 2009 was $610,021, reduced by 24% compared to the first quarter of 2008, which it said was primarily due to the higher revenues combined with lower salaries and consulting, plus general, administrative, marketing and promotion expenses. EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter improved 33% over the same period in...