Why F3’s revenue is growing

Posted: April 4, 2011 by chrisbagley in F3 Technologies, FargoTube, Uncategorized
Tags: , ,

We’re thrilled at the revenue growth of nearly 50 percent in the fourth quarter (QoQ basis) that resulted from new Interaction clients and new FargoTube users.

As we mentioned in a press release this morning, this is in line with the forecast we gave on a conference call in December and it reflects the value that customers see Interaction and FargoTube.

Now with nearly 700 subscribers, FargoTube has expanded even more swiftly since the end of the fourth quarter, thanks partly to our partnerships with other companies whose business models are transforming music and entertainment industries. That growth will be reflected in future revenue and earnings reports as we integrate more completely with these partners.

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Comments
  1. Jerry Sloan says:

    I read the entire financials and there was no mention of the relationship with Tivus. Could you please shed some light on whether there is still a relationship and any other information you can provide on that topic.

    Thanks

    • chrisbagley says:

      Hi Jerry,

      Thank you for your question. I will pass it along to CEO Frank Connor and COO Paul Campbell. One of them may address it in a public forum such as this blog or our next conference call.

      Best regards,
      Chris

      • jerry sloan says:

        Chris,

        What I’d like to see is some progress on the FargoTube Ditto front. Remember this from the blog…

        “We immediately gained the legal right to use those 20,000 tracks. Uploading them to the system requires legwork and time. We anticipate having them all online within a few weeks. The tracks that Ditto’s clients upload going forward will go on FargoTube more expeditiously.”

        That was December 29. Seems like a few weeks has become more than a few months.

        Thanks