Life Quotes, Inc. (QUOT) Reports Q3 2009 Financial Results
October 28, 2009 6:57 AM
Life Quotes, Inc. (Nasdaq: QUOT) announced financial results for the third quarter ended September 30, 2009.
Life Quotes reported revenues of $3.2M for the third quarter of 2009, a decrease of 22 percent from revenues of $4.1M for the same quarter of 2008. Net loss for the quarter was $1,038,000 or $0.15 per share, compared to a profit of $112,000, or $0.02 per share, for the third quarter of 2008.
For the nine months ended September 30, 2009, the Company is reporting a net loss of $1,085,000, or $0.16 per share, as compared to a loss of $344,000, or $0.05 per share in the same period last year.
Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers.
