Mainframe Net Falls as Revenues Rise
Mainframe Entertainment had net earnings of $67,000 in the three months ended December 31, the company says, down from $700,000 in the same period last year. Quarterly revenues rose to $5.6 million from $2.3 million.
For the nine-month period ended December 31, the company had net earnings of $600,000, compared to a $2.3 million loss in the same period a year ago. Nine-month revenues rose to $14.7 million from $10.8 million.
[Source: Mainframe Entertainment]