NetZero Inc. (Nasdaq: NZRO) tacked on 7/32 to close at 5 11/32 Thursday after the company, which provides free Internet access, said revenue for the fourth quarter ended June 30th soared 400 percent.
The company also reported a gross margin of 4.7 percent, compared with a gross margin loss of 98 percent in the year-earlier quarter.
The Westlake Village, California-based company, which gets its revenue from advertising and e-commerce, said revenue rose to $18.7 million from $3.7 million a year earlier. The pro forma loss before charges totaled $26.0 million, or 25 cents per share, against analysts’ expectations of a loss of 30 cents per share.
“NetZero has demonstrated another tremendous performance this quarter, approaching five million registered users and achieving gross margin profitability ahead of analysts’ expectations in a challenging environment and seasonally slow quarter,” said chairman and chief executive officer Mark R. Goldston.