A few days ago we reported on Q4 results for penny stock company and relatively new radio station owner Light Media Holdings. Now the company has added full year 2011 results as well.
Revenues for the year were up 8% for the year to $64,756, compared to $59,475 in 2010.
Cost of sales was $12,224, down from $21,973. Selling, general and administrative expenses were $97,611, up from $73,507.
Thus, by RBR-TVBR’s calculation, the operating loss for 2011 was $45,079, compared to $36,005 in 2010, before Light Media got into the radio business by acquiring WZBN-FM Albany, GA.