TORONTO – Score Media saw a slight uptick in revenue, but a drop in net income for its first quarter of 2011.
Revenue for the quarter ending November 30, 2010 was $11.9 million, up 4% from $11.4 million year-over-year. But net income was down from $1.1 million in fiscal 2010 to $839,000, though last year’s results did include a one-time gain of $800,000 from the CRTC Part II fee reversal decision.
“Our business continues to evolve quarter after quarter and this quarter is no exception,” said chairman and CEO John Levy, in a statement. “Our growth in both revenue and EBITDA gives us continued confidence in our business and product roadmap and leaves us well positioned to deliver on exciting new offerings planned for this coming year.”
Click here for more on the company’s financial results.
