SourceForge (LNUX) Changes Name and Announces Launch of Geeknet, Negative Earnings Surprise
SourceForge, Inc. Changes Its Name to Geeknet, Inc and reports Q3 numbers*.
hmmmm.....Is Scott taking our lead? re:
Step 3. Do not take LNUX's dominant asset, (NASDAQ:G33K) through an IPO.**
Q: Will the new symbol be (NASDAQ:G33K)? qed...
* Total revenue for the third quarter of 2009 was $10.8 million compared to $11.5 million of revenue for the third quarter of 2008. Net loss for the third quarter of 2009 was $4.5 million or $0.08 per share*** compared to a net loss of $2.7 million or $0.04 per share, for the same period a year ago.
Adjusted EBITDA loss for the third quarter of 2009 was $3.4 million, compared to adjusted EBITDA loss of $1.4 million for the same period a year ago.
**SourceForge (LNUX) Scott Kauffman's 5-step Shareholder* Value Creation Process Model
*** Consensus was <$.03>.