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Copernic (NASDAQ:CNIC), formally Mamma.com announced their financial results for the second quarter ended June 30, 2007.

Financial Highlights:

- Revenue at $1.95 million compared to $1.93 million in the second quarter 2006
- Net loss of $1.1 million or ($0.07 per share) compared to net loss of $1.3 million or ($0.09 per share)
- Expenses 10% lower to $2.53 million compared to $2.82 million
- Cash, cash equivalents and temporary investments for the period ending June 30, 2007, totalled $7.84 million

Corporate Developments and Strategy:

- Increasing its presence globally to establish Copernic as a major player in mobile desktop search;
- Expanding Copernic’s distribution channels for search/media solutions and software licensing agreements; and
- Continuing investment in R&D to maintain high standards of innovation and advanced technology.

Categories: Financial Results, For The Books
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