HealthCentral.com
This article was originally published in The Rose Sheet
Executive Summary
Cost-cutting efforts create $15.2 mil. in savings for second quarter, e-tailer says Aug. 14. Reductions in content and product development, sales and marketing, other areas lead to 43.3% decline in operating expenses to $19.8 mil. as net loss is brought down to $10.6 mil. compared to $23.4 mil. in year-ago period. Sales declined 15.9% to $8.5 mil., but loss was offset by increases in other revenue for a total of $9.6 mil., amounting to an 11.7% decrease