WorldGate Communications had wider net loss of $14.9 million in 4...
WorldGate Communications had wider net loss of $14.9 million in 4th quarter despite nearly tripling revenue to $7.5 million. WorldGate, which said net loss excluding one-time expenses actually dropped slightly to $10.7 million from year-ago period, blamed larger overall…
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loss on $4.2 million in acquisition-related charges. Company said it signed up 36,000 interactive TV subscribers in 4th quarter to close year with 104,000. It said it expected to quadruple customer base to 400,000-500,000 by end of 2001 and double annual revenues to $38 million.