‘Net vid biz iPix shows $37.7 mil 3rd-qtr loss

Cyberbiz Brief

Web video company Internet Pictures Corp., commonly known as iPix, recorded a net loss of $37.7 million on revenues of $17.2 million during its fiscal third quarter. During the same period a year ago, the company showed a $28.1 million loss on revs of $3.6 million. Execs attributed the loss to delays in the initiation of projects with Move.com and eBay. Shares of iPix fell more than 13% Tuesday to $2.22.

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