Glowpoint has reported total revenues of $7.2m for the second quarter of 2010, an increase of 4.5% compared to $6.9m for the same quarter in 2009.
The company reported a $7.08m of the core revenue for the second quarter which is an increase of 7.5% compared to $6.6m for the same quarter prior year.
The operating loss for the quarter was $0.74m compared to an operating income of $0.04m for the same period last year.
For the quarter ended June 30, 2010, the company posted net loss of $0.76m, or $0.01 per share, compared to net income of $0.40m, or $0.00 per share, for the same period last year.
Glowpoint president and CEO Joe Laezza said that the company’s focus continues to be investing in product, sales and marketing, strategic partnerships, and operating efficiencies, and we look forward to seeing a return on these investments in the very near future.
The company’s investments in sales, marketing, service development, and operations, are expected to be the basis for enhancing growth and improved operating leverage during the second half of 2010 and the following year.
