March 27, 2003 5:31 PM PST
24/7 Real Media narrows loss
24/7 Real Media on Thursday reported a narrower fourth-quarter loss on growing sales. The Web marketing technology and services company said that on a pro forma basis, its fourth-quarter loss from continuing operations was $1.5 million, or 2 cents a share, on revenue of $11.5 million. That compares to a loss of $9.7 million, or 21 cents a share, on revenue of $9.9 million a year earlier. Pro forma results exclude amortization of goodwill and intangible assets, stock-based compensation, restructuring costs, loss/gain on sale of noncore assets, impairment of intangible assets, gain on sale of investments, impairment of investments, and other income. The fourth-quarter report was for the three months ended Dec. 31.