[November 13, 2009] Glowpoint reports net income in Q3 Tweet Nov 13, 2009 (Datamonitor via COMTEX) -- Glowpoint, a provider of video communications solutions, has reported a net income attributable to common stockholders of $856,000, or $0.01 per diluted share, for the third quarter ended September 30, 2009, compared to a net loss of $1.85 million, or $0.04 per diluted share, in the third quarter of 2008. For the third quarter of 2009, total revenues were $6.54 million, compared to $6.07 million in the same quarter of 2008. For the first nine months ended September 30, 2009, total revenues were $19.93 million, compared to $18.56 million in the same period of 2008. Net loss attributable to common stockholders was $3.22 million, or $0.07 per diluted share, compared to a net loss of $5.10 million, or $0.11 per diluted share, in the same period of 2008. Dave Robinson, co-CEO of Glowpoint, said: "We're also pleased to report record subscription revenue, which is the core of our recurring revenue business model, and report year-over-year revenue growth. "We believe progress will continue in the fourth quarter of 2009, with year-over-year and sequential margin improvement and year-over-year subscription revenue growth of at least 10%, setting up a strong 2010, when economic conditions are forecasted to improve and industry analysts project that the growth for managed video services and B2B exchange services will begin to accelerate significantly." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]