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 and eBay. Shares of iPix fell more than 13% Tuesday to $2.22.

Want Entertainment News First? Sign up for Variety Alerts and Newsletters!
Post A Comment 0