TheStreet.com (TSCM) Highlights From Q4 Conference Call; Things Are Tough “But We Have Cash”
February 20, 2009 by Douglas A. McIntyreTheStreet.com (Nasdaq: TSCM) released its Q4 results tonight and reported EPS of breakeven, in-line with the analysts’ estimates. Revenue for the quarter was $16.5 million, versus the consensus of $17.34 million.
TheStreet has cut some of its overhead costs, but to be cash flow positive it may have to make additional cost cuts. TheStreet has office space that it could sublease and potentially could close other offices. The company is trading near cash value and likely will not see a major fall in its stock price after this quarter’s earnings.
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