Jupitermedia Reports 2nd Quarter Results

Jupitermedia Corporation has released the financial results for the second quarter of 2008 ending on June 30.

The company had slightly higher revenues of $35 million for the second quarter, compared with 34.6 million last year.

Loss per diluted share was $0.09 and included non-cash stock-based compensation expense of $0.07 per diluted share. Loss per diluted share was $0.02 and EBITDA was $5.3 million for the second quarter of 2008.

"Revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 90% from the first half of 2007 to the first half of 2008," said Alan M. Meckler, Jupitermedia’s Chairman and CEO.

"We also continue to experience significant growth from our Stockxpert.com microstock offering, both with single images and subscriptions. Our backlog for both JupiterimagesUnlimited and our Stockxpert.com microstock subscription offerings continue to increase which bodes well for future revenues."

"We have also made additional investments in our Online Media business, with the launch of our Graphics.com/Learning.com online education offering, new editorial Web sites and new events," said Meckler.