Vocus Announces Q3 Results: Revenues, Subscribers Up, But Still Posts A Loss

PR software company Vocus, Inc. (VOCS) reported a loss of $382,000, or 2 cents per share, for the third quarter of 2009.

Revenues were up to $21 million, a 5 percent increase over the same period last year, and the company predicts similar earnings for next quarter, but a loss of 3 to 4 cents per share.

On the positive side, Vocus added 240 net new subscribers to its service, ending the quarter with 4,001 subscribers total. Among its customers, new and existing, are Cornell University, The Dannon Company, European Science Foundation, Los Angeles Opera, and more.

Vocus, Inc. president and CEO Rick Rudman had just this to say in the earnings release: “I am pleased to report solid financial results for the third quarter, which includes strong quarterly revenue, cash flow and earnings per share. In the midst of a challenging economic environment, Vocus is thrilled to have passed the 4,000-customer milestone on exceptionally strong net new customer additions. The results for the quarter reflect the resiliency of our business model, diversity of our customer base and our innovative and broad PR product suite.”

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