Reglikedomain industry desk

Live Current Media Loses $1.4M, Writes Down Auctomatic Buyout

Live Current Media Loses $1.4M, Writes Down Auctomatic Buyout

Live Current Media notes financial results.

Live Current MediaLive Current Media (livce.ob) noted that it lost $1,404,000 in the quarter ended June 30 on revenue of $1,705,000. That compares to a loss of $916,000 in the first quarter of the calendar year, but the loss is much less than in the last two quarters of 2008 thanks to cost cutting.

The firm has sold seven domain names this year through August for $3.4 million, not counting the Cricket.com domain name. These sales do not count as revenue and are not part of the income statement, so the cash flow situation is better than the income statement.

On June 30, 2009, Live Current determined that its purchase of auction software firm Auctomatic was impaired and wrote off $590,973 of the purchase price. Live Current purchased the firm in 2008 for $5 million in cash and stock.

The details of Live Current’s results are here.

Also on the wire

Other reporting from the domain desk.

Fresh note analyzes nearly 400,000 malicious domainsUncategorizedFresh note analyzes nearly 400,000 malicious domainsApplies for six top level domains, starts RSP — Registered AgentsUncategorizedApplies for six top level domains, starts RSP — Registered AgentsThese domains lie in the upgrade path of two Chinese firmsUncategorizedThese domains lie in the upgrade path of two Chinese firmsNUncategorizedName Stories of August 2007 — Top DomainFresh Golden State Warriors arena to be Chase CenterUncategorizedFresh Golden State Warriors arena to be Chase CenterWhois check could have halted a scam — How aUncategorizedWhois check could have halted a scam — How aDo in Austin during NamesCon — What toUncategorizedDo in Austin during NamesCon — What toCUncategorizedContract for Puerto Rico’s .PR domain — Afilias getsKUncategorizedKeep its IVI.com domain, panel rules — WebMD can