Watchit Media, Inc. Reports Financial Results

Impressive gross margins from this narrowcasting network company, as reported in this press release at Business Wire:

For the three months ended September 30, 2005 the Company reported revenues of $379,000, a 49% growth over the same period in 2004. Gross profit for the same periods increased 10% to $154,000 from $140,000.

For the nine months ended September 30, 2005, the Company reported revenues of $1,243,000, a 120% growth over the same period in 2004. Gross profit for the nine month period increased 116% to $673,000. As a percentage of revenue, gross margin remained stable at approximately 55% for both nine month periods ending September 30, 2005 and 2004.

I love the transparency required of publicly-traded companies :)