![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, May 30, 2012 12:51:01 AM
Motricity Q1 loss grows, stock sinks
by TechFlash Staff on Friday, May 11, 2012, 7:36am PDT
Comments | Permalink
Technology | Motricity Inc.
Bellevue-based mobile marketing company Motricity Inc. reported its first-quarter loss grew to $8.7 million, or a loss of 19 cents per share, from a loss of $6.1 million, or a loss of 15 cents a year earlier.
Revenues fell to $22.8 million from $24.3 million in 2011. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of 18 cents per share and revenues of $28.1 million. In early Friday trading, shares in Motricity (NASDAQ: MOTR) had fallen more than 15 percent, falling more than 11 cents to about 66 cents per share.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering."
Recent MOTR News
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/21/2024 06:00:06 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/20/2024 06:00:05 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/19/2024 06:00:07 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/17/2024 06:00:11 AM
- Motorpoint laments "most difficult year in our history" as loss widens • Alliance News • 06/13/2024 11:20:08 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/13/2024 06:01:00 AM
- Motorpoint Group plc FINAL RESULTS • RNS Regulatory News • 06/13/2024 06:00:10 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/11/2024 06:00:06 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/10/2024 06:00:06 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/07/2024 06:00:06 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/06/2024 06:00:06 AM
- Motorpoint Group plc Total Voting Rights • RNS Regulatory News • 06/03/2024 10:57:03 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 06/03/2024 06:00:11 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/31/2024 06:00:08 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/30/2024 06:00:07 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/29/2024 06:00:04 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/28/2024 06:00:17 AM
- Motorpoint Group plc Notification of Full Year Results • RNS Regulatory News • 05/24/2024 06:00:09 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/24/2024 06:00:05 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/23/2024 06:00:05 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/22/2024 06:00:10 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/21/2024 06:00:04 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/20/2024 06:00:05 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/16/2024 06:00:07 AM
- Motorpoint Group plc Transaction in Own Shares • RNS Regulatory News • 05/15/2024 06:00:06 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM