Industry NewsTechnology

Market Leader’s losses mount

Keller Williams eEdge deal expected to boost 2011 revenue
Published on Mar 9, 2011

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by CareyBot

Online marketing and technology company Market Leader Inc. posted a $4.3 million net loss for the final quarter of 2010, despite a 15 percent growth in revenue from the third quarter to $6.8 million.

Market Leader's $14.3 million loss for all of 2010 was nearly double the $7.4 million loss for 2009.

CEO Ian Morris said in a statement that 2010 was an "inflection point" for the company as it transitioned from selling leads generated by sites like HouseValues.com to providing customized websites and tools for agents and brokers.

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