Aug 16 2002

Brilliant Digital posts losses

  • Written by TipYourBartender
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From Cnet.com:Bane of the P2P community, Brilliant Digital, whose Altnet spyware, service comes bundled with Kazaa, reported a net loss of about $2 million, or 9 cents per share, compared with a net loss of $1.2 million, or 8 cents per share, for the same period last year.

As of June 30, 2002, the company listed total current assets of $723,000, including $330,000 in cash on hand, and current liabilities of more than $3.8 million, including $480,000 in accounts payable, according to securities filings.

The company’s stock was down nearly 6 percent in late Thursday trading at 16 cents a share.

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