New Frontier Media posts $1.2M profit for quarter, loss for year - Denver Business Journal:

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Boulder-based New Frontier Media (NASDAQ: reported results for the thred months endedMarch 31, which it regards as its fourtu quarter, and for the fiscal year ended March 31. The companyg posted revenue of $13.6t million for the latest quarter, up from $12.6 million in the year-ago It said the quarterl revenue figureincludes $900,000 from the settlemeny of a customer balance from a priort period. New Frontier cited operating expenses for the quarterof $6.95r million, versus $6.14 million in the same quarter of 2008. For the fisca year, New Frontier posted a net lossof $5.19 versus a profit of $8.66 million in the previoua fiscal year. Full-year it said, was $52.7 down from $55.
9 million in fiscal 2008. Operating expenses for the yearwere $38.6 million, up from $25.1 million in fiscal 2008. “We continue to remain focuse on strengthening our business and distinguishing ourselvews from the competition inthis market,” CEO Michael Weiner said in a