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Sito Mobile second-quarter earnings loss widens but revenues in line on lower TV margins

Average spend per customer fell and lower TV margins affected results

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SITO is a mobile data technology company that provides brands with customized strategic insights and media campaigns

Sito Movile Ltd (NASDAQ:SITO) reported on Monday disappoitning second-quarter losses while revenues were in-line with company forecasts as the average spend per customer fell and lower television margins affected results.

The Jersey City, New Jersey. company reported a los of US$0.23 per share, worse than the average estimate of a loss of US$0.15, which is also the same level of loss in the year-ago period. Revenue declined to US$8.4mln, down from the US$10.08mln in the same period last year. 

The revenue, though, was in line with company's forecasted range between US$8mln and  US$9mln.

The stock fell 3.5% in after-hours trade to US$1.92, having ended on Monday up 1% at US$2.

SITO is a mobile data technology company that provides brands with customized, data-driven solutions spanning strategic insights and media campaign delivery services.

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NASDAQ:SITO
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