Vocus posted a 9 percent rise in first quarter revenue to $22.3M as its net loss from operations grew slightly to $579K from $478K for Q1 of ’09.
The revenue results edged expectations in the $21.8-22M range.
Vocus also announced two acquisitions today – Data Presse SAS of France and BDL Media Ltd. of China.
President and CEO Rick Rudman said the company saw better-than-expected results for the quarter.
Vocus said it added 396 net new subscription customers during the quarter, more than double the 179 gained for the same period last year. New clients included Nordstrom, FDIC and Honda UK.
Loss from operations was $549 for Q1, compared with income of $296K for Q1 of ’09.
Second quarter revenue is expected to be in the $23.5-23.7M range.
BDL Media is a six-year-old PR services company in the People's Republic providing software in a vein similar to Vocus' mission through ChinaNewswire.com and Xinwengao.com. Its monitoring service is MyRSS.cn.
Rudman said the Chinese market has a rapidly emerging PR industry estimated at more than $1 billion and growing at a 30% percent per year.
He called the deal a " launching pad" for Vocus in the market.
The other deal announced Tuesday was the $10.8M acquisition of Datapresse, a 21-year-old French PR software company with about 2,000 customers and a European media database that gives Vocus broader reach into that continent.
The deal included $9.8M in cash paid at closing and up to $1.0M in cash on an earnout basis. |