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SouthPeak posts $2.1 million quarterly loss, future uncertain

Feb 22nd, 2011

Tags: entry, est, report, south, year

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Despite reclaiming rights to the My Baby franchise last year, SouthPeak continued to decline into potential insolvency during the second quarter (ending December 31, 2010) of its current fiscal year. Net revenue for the quarter was just $7.5 million, down $2.6 million from the same period the year before — not that the company was profitable then, either. Despite revenues being down, however, SouthPeak’s total losses for the recent quarter — $2.1 million — were actually an improvement of $500K over second quarter losses in the previous fiscal year

c67b360f38px2323.jpg SouthPeak posts $2.1 million quarterly loss, future uncertain

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