Internet America Annual Net Loss Widens
October 6, 2008
Internet America has reported net loss of $3 million for the fiscal year ended June 30, 2008, compared to a net loss of $347,000 for the fiscal year 2007.
According to the company, its internet service revenues for the fiscal year ended June 30, 2008 were $8.4 million compared to $7.9 million for the corresponding period in 2007.
Internet America’s total subscriber base decreased by 11.4% to 30,300 at June 30, 2008 due to a decrease in dial-up internet customers, the company’s broadband wireless internet subscriber base increased 39.1% to 8,000 as of June 30, 2008, from 5,750 during the fiscal year 2007.