ACME Communications (ACME) Reports Q1 Earnings, Guides for Q2

May 14, 2007 4:29 PM EDT

ACME Communications, Inc. (Nasdaq: ACME) reports a Q1 loss of $0.14 ($1.51 profit including discontinued operations) vs. consensus for loss of $0.13 (loss of $0.23 including discontinued operations)

ACME's net revenues from continuing operations for the first quarter decreased 9% to $7.8 million compared to net revenues of $8.6 million in the first quarter of 2006.

Based on current second quarter sales pacings, we expect second quarter 2007 net revenues to be 3-5% lower than the $9.5 million in net revenues for the second quarter of 2006. We expect cash-based station expenses to be relatively unchanged from the prior year. We expect our broadcast cash flow for the second quarter of 2007 to be in the range of $700-800,000 compared to $1.3 million in broadcast cash flow for the second quarter of 2006.

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