Revenues grow by 48%, but Yangaroo still in the red

TORONTO - Digital media distribution company Yangaroo saw a 48% year-over-year jump in revenues, but still recorded a net loss of $725,650 for its second quarter ended June 30, 2009.The increase in revenues, combined with a 22% decrease in total expenses, accounted for the 29% lower loss in the second quarter of 2009 compared to the second quarter of 2008. EBITDA for the second quarter of 2009 was a loss of $599,305, a 35% improvement over the same period in 2008.The company said that two of the key events in the second quarter - the launch of the next generation...