Revenue up, losses down, at Musicrypt

TORONTO – Makers of the popular DMDS digital music file transfer software primarily used by radio stations, Musicrypt Inc., reported increased revenue and a sharply pared loss in the second quarter of 2005. Revenues for first half of the year, ended June 30th 2005, were over four times the revenues for the first half of 2004, coming in at $150,126. And, during the same period, the net loss decreased by over 40%, to $797,000, over the same period last year. Revenues for the second quarter of 2005 increased 195% over the second quarter of 2004. The dip in losses didn’t...