March 11, 2010
TechTarget Registers $5.1M Loss
By Matthew L. Brown
Online technology media publisher TechTarget Inc. swung to a $5.1 million loss in 2009 after making a $1.8 million profit the year before.
The Newton-based company, which has offices in Central Massachusetts, said revenue for the year was $86.5 million, a 17 percent decrease compared to 2008.
In the fourth quarter, the company lost $800,000 compared to making a $400,000 profit during the same period a year earlier. Revenue for the quarter decreased by 13 percent from the prior year to $23.2 million.
The company ended the year with $82.6 million in cash and investments. It said it expects first quarter revenue between $19.7 million and $20.7 million.
WBJ Web Partners
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