Close Close
ThinkAdvisor

Financial Planning > Tax Planning > Tax Loss Harvesting

Quotesmith Reports 2nd Quarter Net Loss

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, July 30, 2003, 3:29 p.m. EDT – Quotesmith.com Inc., Darien, Ill., a Web-based insurance broker, is reporting a $308,000 net loss for the second quarter on $2.5 million in revenue, compared with a $222,000 net loss on $3.2 million in revenue for the second quarter of 2002.

The company ended the quarter with $808,000 in cash and cash equivalents, down from $1.6 million Dec. 31, 2002, but the company also had more than $14 million in invested assets, which was about as much as it had six months earlier.