Onstream Media Corporation Reports Q1 EPS of $(0.10)

Onstream Media Corporation ONSM announced today its financial results for the first quarter of fiscal 2011, the three months ended December 31, 2010. Total revenues were approximately $4.2 million for Q1 FY2011, an increase of approximately 4.1% compared to the first quarter of fiscal 2010 Consolidated net loss was approximately $(898,000), or $(0.10) loss per share, in Q1 FY2011, representing a decrease of 79.3% as compared to a net loss of approximately $(4.3) million, or $(0.58) loss per share, in Q1 FY2010.