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Earnings: TechTarget's Q1:Small Losses; Revenues Up 30 Percent

This story was written by Rafat Ali.
TechTarget (NSDQ: TTGT), the B2B tech media company, has reported its Q108 earnings numbers, and total revenues increased by 30 percent to $23.9 million, compared to $18.3 million for the year-ago quarter. Online revenues increased by 38 percent to $18.9 million and represented 79 percent of total revenues, with the rest coming from events and other areas. The company was in a net loss this quarter, of $112,000 compared to net income of $317,000 for the year-ago quarter. The decrease was due to "increases in stock-based compensation expense and the amortization of intangible assets expense," the company said. In Q208, the company expects revenues to be within the range of $30.4 million to $31.6 million and adjusted EBITDA to be within the range of $8.6 million to $9.4 million. More details in release.

By Rafat Ali