The New York-based company reported a loss of $1.2 million, or 3 cents per share, compared to a loss of $3.4 million, or 10 cents per share, in the same quarter a year ago. Operating expenses fell 16 percent to $16.2 million.
TheStreet, which provides news and information to investors, has overhauled its operations in the past year, bringing in new management and cutting staff in its editorial operation. Still, the company is threatened with having its stock delisted by Nasdaq.e
“Rising institutional revenue, tapering declines in consumer subscriptions, and renewed interest in our improved news coverage from advertisers, particularly in video, are reflecting our new management team’s hard work during 2016,” said CEO David Callaway in a statement. “This is just the beginning, and we look forward to showing continued improvement in the next three quarters.”
Revenue for the quarter fell 5 percent to $15.3 million. Analysts had predicted revenue of $15.43 million.
Business-to-business revenue including The Deal, BoardEx and RateWatch totaled $7.4 million, up $300,000 as compared to the first quarter of 2016.
Business-to-consumer revenue for the first quarter of 2017 was $7.9 million, a decrease of $1 million, or 12 percent, from $8.9 million in the first quarter of 2016.
TheStreet rose 2 cents to 77 cents on Monday.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…