Earnings: Adtegrity Swings To Profit, Slightly Higher Revs, But Laments Tough Times

This story was written by David Kaplan.
Even though online ad network operator Adtegrity.com (Pink Sheets: ADTY) reversed its losses and positive revenue growth, the company's earnings announcement still sounds fairly glum. The 9-year-old Grand Rapids, Mich.-based company posted $87,000 in Q3 net income on net revenues of $3.48 million. During the same period last year, Adtegrity had a net loss of $986 on net revenues of $3.1 million. "While we expected some seasonal softness for the third quarter, a deterioration in the overall economic climate impacted our revenues as well," said a statement from Adtegrity president and CEO Scott Brew. He added that the company still expects to gain greater market share next year.

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By David Kaplan