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SouthPeak Financials

SouthPeak Interactive Corporation Reports Fiscal 2011 Second Quarter Financial Results are now online, with some numbers for your crunching pleasure. Here are the highlights: "Net revenues of $7.5 million, compared with $10.1 million in the comparable period in fiscal 2010. Total operating expenses decreased by 37% to $3.3 million, compared with $5.3 million in the second quarter of fiscal 2010. Net loss was ($2.1) million, or ($0.04) per share, compared with a net loss of ($2.6) million, or ($0.06) per diluted share in the comparable period in fiscal 2010. Adjusted EBITDA(1) was ($615,000), compared with an adjusted EBITDA of $1.3 million in the prior fiscal year period." Thanks Big Download.

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