Live Current, the company formerly known as Communicate.com, reported its financial results for the fourth quarter and fiscal year ended December 31, 2007.
Total revenue for the year ended December 31, 2007 increased 17% to $9.1 million compared to $7.8 million for the same period in 2006.
Moreover in 2006 revenue was boosted by the sale of two domain names, Vancover.com and Wrestling.com for $623,800.
Gross profit for 2007 increased 24% to $2.1 million compared to $1.7 million for 2006.
The Company reported total assets of $9.6 million and total liabilities of $1.9 million resulting in shareholders’ equity of $7.7 million up from $3.1 million in shareholders’ equity in 2006.
The fourth quarter of 2007 was the highest revenue quarter in the Company’s history, totaling $4 million, an increase of 24% compared to $3.2 million for the same period in 2006.
Gross profit for the fourth quarter of 2007 increased 29% to $770,799 compared to $599,068 for the same period in 2006.
