Multex Turns Profitable, With Contributions From Each Business Unit

NEW YORK--Multex.com turned in a profit in its third quarter, the first in the company’s history.

Net income rose to $210,000, or $0.01 per share, compared with a net loss of $10.3 million, or $0.39 per share, in the same period a year ago. Revenue in the third quarter increased to a record $22.8 million, an increase of 109 percent over the same period last year. Gross margins in the third quarter were 82 percent this year versus 79 percent a year ago.

Multex has renamed two of its three