Stock Watch: Gains on Expected 2Q Results Inc. (AMEX: ONT) gained 1 13/16 Thursday to 6 5/16 after the company, which delivers broadband video over the Internet, said results for the second quarter will surpass expectations.

According to the company, revenue for the quarter will come in at about $400,000, up from $9,015 in the same quarter last year. “The company is now benefiting from moving from a development-stage company to a technology provider with revenue,” said President and Chief Executive Officer Douglas A. McIntyre.

Recent cost cuts, including the elimination of the company’s creative content division, will reduce expenses, said.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

Elon Musk's Dec. 2 action to release The Twitter Files: Approve or Disapprove?
Loading ... Loading ...

CRM Buyer Channels