By Greg Hazley
Vocus reported an 18% increase in fourth quarter 2010 revenue today over 2009, as new subscriptions doubled to 822 during the period and sales of its social media software accelerated.
Net loss narrowed to $397K for the quarter, compared with $821K in '09, although its net loss widened to $3.7M for the full year.
Revenue ticked up 14% to $96.8M for 2010. The company forecasts 2011 revenue from $112.1M-$113.1M.
On releasing its earnings, the company said it has acquired Twitter-sifting software company Engine140 for an undisclosed sum to incorporate into Vocus' social media offering.
Vocus also said it spent $12.2M last year buying back stock.
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