Brilliant Digital posts losses

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Brilliant Digital posts losses

Postby Class316 on Sat Aug 17, 2002 4:06 am

Bane of the P2P community, Brilliant Digital, whose Altnet spyware, service comes bundled with Kazaa, reported a net loss of about $2 million, or 9 cents per share, compared with a net loss of $1.2 million, or 8 cents per share, for the same period last year.
As of June 30, 2002, the company listed total current assets of $723,000, including $330,000 in cash on hand, and current liabilities of more than $3.8 million, including $480,000 in accounts payable, according to securities filings.

The company's stock was down nearly 6 percent in late Thursday trading at 16 cents a share.

http://news.com.com/2100-1023-950003.html
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