Onstream Media Corp. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company's total revenue was $4,395,322 compared with $4,656,337 a year ago. Loss from operations was $1,766,098 compared with $519,414 a year ago. Net loss was $2,169,221 or $0.12 per basic and diluted share compared with $720,594 or $0.06 per basic and diluted share a year ago. EBITDA was $1,464,192 compared with $160,131 a year ago. Adjusted LBITDA was $110,230 compared with $56,835 a year ago. Cash flow from operating activities (before changes in current assets and liabilities other than cash) at negative of $215,450 compared to net cash provided by operating activities of $70,438 for the three months ended March 31, 2012. The decrease in revenue was the result of an unexpected reduction in webcasting revenues from both government and commercial clients as well as the loss of a single customer that were providing streaming services to at very little margin. Consolidated operating revenue was approximately $4.4 million for the three months ended March 31, 2013, a decrease of approximately $261,000 or 5.6% from the corresponding period of prior fiscal year, due to decreased revenues of the Digital Media Services Group. For the six months, the company's total revenue was $8,675,039 compared with $9,170,454 a year ago. Loss from operations was $2,102,584 compared with $1,032,739 a year ago. Net loss was $2,884,589 or $0.19 per basic and diluted share compared with $1,373,432 or $0.12 per basic and diluted share a year ago. EBITDA was $1,544,309 compared with $273,613 a year ago. Adjusted LBITDA was $10,968 compared with Adjusted EBITDA of $33,239 a year ago.

Onstream Media Corp. announced that they will report Q2, 2013 results After-Market on May 15, 2013

Onstream Media Corp., Q2 2013 Earnings Call, May 16, 2013