Porn News

New Frontier Media swings to profit

from www.bizjournals.com – New Frontier Media Inc., producer and distributor of adult pay-per-view programming, swung to a loss to a profit in its latest fiscal quarter, with the previous-year quarter impacted by impairment charges.

Boulder-based New Frontier Media (NASDAQ: NOOF) reported results for the three months ending Dec. 31, which it regards as its third quarter of fiscal year 2010.

The company posted quarterly net income of $1.505 million, or 8 cents a share, versus a net loss of $8.853 million, or 42 cents a share, in the same quarter a year earlier.

Revenue dipped slightly on the quarter, to $11.547 million from $12.619 million the previous year.

The company posted $11.1 million of non-cash goodwill and film-cost impairment charges in the year-ago quarter. Without those charges, total operating expenses dipped to $6.175 million in the most recent quarter from $17.708 million a year earlier.

“We believe the company’s strategic execution and ability to leverage its technological infrastructure with new and upcoming platforms will provide steady long-term growth,” CEO Michael Weiner said in a statement.

183 Views

Related Posts

InkedVixensXXX Drops Scene with Lily Lane

LAS VEGAS — Lily Lane is featured in the latest scene from InkedVixensXXX, alongside site honcho Trap.Lane enters the tattoo shop in a bikini looking for a new tattoo. When it's finished, Lily says she doesn't have any more cash. Trap comes…

Brandi Love Injured in Boating Accident During Greece Trip

AVN Hall of Fame performer and Vixen Media Group contract star Brandi Love suffered a horrific boating accident last week while visiting Greece on a business trip.

Pioneering Sexual Health Media Personality Dr. Ruth Westheimer Passes Away at 96

NEW YORK — Pioneering sexual health educator, radio and television personality and therapist Ruth Westheimer passed away Friday in New York City at 96.Westheimer’s death was first reported to The New York Times by her spokesperson, Pierre Lehu.A Holocaust survivor, Westheimer…

Newcomer Angie Faith Signs as Vixen Media Group Exclusive

Up-and-coming starlet Angie Faith has signed with Vixen Media Group as its newest contract star.

Vixen Media Group Signs Angie Faith to Exclusive Contract

LOS ANGELES — Vixen Media Group (VMG) has signed Angie Faith as an exclusive. Faith has starred in two releases from VMG studio imprints Blacked and Blacked Raw. "I'm so thrilled to join the Vixen Media Group family as their…

Leave a Reply

Your email address will not be published.