More cost-cutting at HouseValues Inc. helped the provider of online tools for real estate professionals and real estate search sites for consumers trim first quarter losses to $1.2 million, company officials said Tuesday. That's an improvement from the fourth quarter, when HouseValues posted a $9.8 million net loss, including $9.3 million in charges related to the reduced carrying value of goodwill and long-lived assets after the company exited the mortgage lead-generation business last year. In a regulatory filing, HouseValues said first quarter revenue declined 8 percent from the previous quarter, to $11.2 million. Losses before interest, taxes, depreciation and amortization (EBITDA) were $100,000, compared to an $800,000 fourth quarter EBITDA gain. First quarter cost-cutting measures included a 23 percent reduction in the company's workforce to 173 employees. Those reductions followed on the heels of 100 layoffs in late 2007 and the closure of the company's Yakima,...
by Andrew Wetzel | on Mar 22, 2017
by Gill South | 19 hours
by Brad Inman | 3 days
by Andrea V. Brambila | 1 day
by Brad Inman | on Mar 21, 2017