CrowdGather, Inc. (CrowdGather) is an Internet Company. It focuses in monetizing a network of online forums and message boards designed to engage, provide information to and build community around users. The Company specializes in developing and hosting forum-based Websites.
CrowdGather posted a 697% increase in revenues from last year’s fiscal second quarter.
Assets increased 895% from $1,152,859 in the second quarter of fiscal 2010 to $11,470,486 in the second quarter of fiscal 2011.
The Company reported record revenues of $462,925 for the second quarter of fiscal 2011, an increase of 697% from the $58,061 reported for the second quarter of fiscal 2010. This increase was primarily attributable to the revenues generated from our current fiscal year acquisitions. The net loss for the second quarter of fiscal 2011 increased 51% to $711,272, or $(0.02) per diluted share, compared to a net loss of $471,082, or $(0.02) per diluted share, for the second quarter of fiscal 2010 and was primarily related to a $301,833 increase in our non-cash charges for stock-based compensation from $161,000 to $462,833 in each of the comparable quarters for fiscal years 2010 and 2011, respectively.
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