Digital video editing systems and software maker Media 100 Inc. today reported its second quarter results for the period ending May 31, 2001. The news isn’t good — the company reported lower year-over-year earnings and higher year-over-year losses.
The company reported net sales of US$12.2 million, $8.4 million less than they reported for the same quarter last year. The company reported a net loss for the quarter of $6.8 million, versus a net loss of $2.1 million for Q2 2000.
Media 100 president and CEO John Molinari said that his company continues to feel the impact of a softer economy and overall technology slowdown.
“Our second quarter results clearly reflect that slowdown. However, moving forward, we continue to focus on aggressively marketing and selling key growth products for the Company, including those in our Cleaner family of streaming products. We also continue our focus on developing and shipping new digital media creation and streaming solutions in the third and fourth quarters of 2001,” said Molinari.
Outlining its accomplishments for the second quarter, Media 100 cited the solidification of “key strategic agreements” in the streaming market; Apple’s release of Final Cut Pro 2 with a version of Cleaner 5; releases of new product versions and features, and much more.