TheStreet.com: 1st positive cash flow quarter
TheStreet.com reports the company's first quarterly positive cash flow -- net revenue was $6.4 million in the second quarter 2003, a 17 percent increase over the second quarter 2002 and a 13 percent increase from the previous quarter. How did the company do so? In part because Independent Research Group LLC (IRG), the company's broker dealer-subsidiary, was cleared to receive trading commissions in mid-May, so TheStreet.com can now include commission revenue in its revenue.Jul 18, 2003 | E-MAIL | SAVE | PRINT | PERMALINK | DISCUSS(0)
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