Spark has cut their net losses considerably but taken a big hit settling legal issues. Read more in the press release:
Revenue for the fourth quarter of 2004 was $17.1 million, an increase
of 46%, compared to $11.7 million, over the same period last year.
Revenue for the year ended December 31, 2004 was $65.1 million, an
increase of 76%, compared to revenue of $36.9 million, for the year
ended December 31, 2003.Including $2.1 million of charges related to the settlement of two
legal issues, the company reported a net loss of $1.6 million, or
$(0.06) per share, for the fourth quarter of 2004, compared to a net
loss of $6.8 million, or $(0.35) per share, for the same period last
year.For the year ended December 31, 2004, the company reported a net loss
of $11.6 million, or $(0.51) per share, compared to a net loss of
$10.9 million, or $(0.57) per share, for the year ended December 31,
2003. The loss for 2004 included charges totaling $7.7 million.
These charges were related to costs associated with settlements of
legal disputes, costs related to an impairment charge, costs related
to severance payments and costs related to the postponed initial
public offering of MatchNet.
