SourceForge, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Total revenue for the third quarter of 2009 was $10.8 million compared to $11.5 million of revenue for the third quarter of 2008. Net loss for the third quarter of 2009 was $4.5 million or $0.08 per basic and diluted share compared to a net loss of $2.7 million or $0.04 per basic and diluted share, for the same period a year ago. Adjusted EBITDA loss for the third quarter of 2009 was $3.4 million, compared to adjusted EBITDA loss of $1.4 million for the same period a year ago. The company reported loss before income tax of $4.544 million and loss from operations of $4.562 million compared to loss before income tax of $2.802 million and loss from operations of $2.525 million for the same period of last year. For the nine months, the company reported loss before income tax of $15.651 million and loss from operations of $10.108 million compared to loss before income tax of $7.445 million and loss from operations of $7.642 million for the same period of last year. The company reported net loss of $15.549 million or $0.25 per basic and diluted share on net revenues of $32.943 million compared to net loss of $7.333 million or $0.11 per basic and diluted share on net revenues of $34.658 million for the same period of last year. The company reported adjusted EBITDA loss of $6.462 million compared to adjusted EBITDA loss of $2.396 million for the same period of last year. The company reported net cash used in operating activities of $9.721 million and payments for property and equipment of $0.738 million compared to net cash used in operating activities of $8.171 million and payments for property and equipment of $1.902 million for the same period of last year.

On November 04, 2009, SourceForge Inc. changed its name to Geeknet Inc.

SourceForge, Inc., Q3 2009 Earnings Call, Nov-04-2009