Industry NewsTechnology

Market Leader revenue, losses grow

Company expects double-digit revenue rise in Q4

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Market Leader Inc., a real estate marketing and technology company formerly known as House Values, on Thursday announced that revenue grew to $5.98 million in the third quarter, which ended Sept. 30, compared with $5.82 million in this year's second quarter and last year's third quarter. The company's net loss, though, grew to $3.41 million in the third quarter of this year compared to $3.13 million in the second quarter and $2.92 million in third-quarter 2009. The company announced that its Vision brand software-as-a-service (SaaS) tools, which are Web-accessible, subscription-based real estate prospecting tools including RealtyGenerator and Growth Leader, are "driving Market Leader's renewed growth," the company announced. Market Leader reported a 60 percent year-over-year growth in Vision revenue in the second quarter, and Vision-related revenue in the third quarter was up 40 percent year over year. The company reported that it "expects double-digit revenu...