Businessweek

Rainmaker Systems Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $4.656 million against $6.401 million a year ago. Operating loss was $3.552 million against $1.125 million a year ago. Loss before income tax expense was $3.420 million against $1.145 million a year ago. Net loss from continuing operations was $3.450 million against $1.198 million a year ago. Net loss was $3.294 million against $1.474 million a year ago. Basic and diluted net loss per share from continuing operations was $0.12 against $0.04 a year ago. Basic and diluted net loss per share was $0.11 against $0.05 a year ago. Net cash provided by operating activities was $1.312 million against $0.583 million a year ago. Purchases of property and equipment were $0.352 million against $0.257 million a year ago. Net cash used in continuing operations was $0.517 million against $0.261 million a year ago. Non-GAAP net loss from continuing operations was $2.696 million against $0.990 million a year ago. Non-GAAP diluted net loss per share was $0.09 against $0.04 a year ago. Total debt was $4.4 million for the first quarter of 2013.

Rainmaker Systems Inc., Q1 2013 Earnings Call, May 13, 2013

Rainmaker Systems Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 13, 2013

Rainmaker Systems Inc. announced the appointment of Carmela Wong as vice president of marketing. Prior to rejoining Rainmaker, Wong was the vice president of marketing for ABBYY.

Rainmaker Systems Inc. announced that the Annual Meeting of Stockholders will be held on June 5, 2013, to consider and act upon a proposed amendment to Certificate of Incorporation to effect a reverse split of outstanding shares of Common Stock by a ratio of one-for-four to one-for-eight, inclusive, without further approval or authorization of stockholders.