Earnings: Live Current Media Grows Revs 27 Percent In Q2; Net Loss Balloons
This story was written by Joseph Weisenthal.
Live Current Media, the OTCBB-traded domainer and acquirer of Auctomatic, has reported Q2 revenue of $1.93 million, up 27 percent year over year. Almost all of the company's revenue comes from Perfume.com, the domain-driven e-commerce site. Net losses grew to over $2 million, from about $200,000, due to a major spike in management fees and employee salariesbasically, the company is trying to scale into a business and investing now.
By Joseph Weisenthal