NEWS19 May 2010

Q1 revenue down, losses increase at iPerceptions

Financials North America

CANADA— Web analytics firm iPerceptions has posted a drop in revenue and worsening losses for the first quarter of 2010.

Revenue was down 2.7% year-on-year to C$1.24m in the opening three months of the year, but compared to the previous quarter sales were up 3%.

Net loss for the period was C$673,974 compared to a loss of C$545,535 last year – an increase of 23%.

On a brighter note, the firm said that it had “added and renewed” customers including Mercedes Benz, LG, General Motors, Hyundai, Autodesk and Hyatt during the quarter.