Second-quarter revenues for the period ended June 30, 2001, rose 11.2% to $5.1 million, at Intervisual Books, while the company's net losses fell to $331,239 from $602,135 in last year's second quarter. A solid performance by Intervisual's book division, where revenues rose 76.2% to $3.7 million, was partially offset by a 41.6% decline in revenues from the company's Fast Forward video distribution business, to $1.4 million. Operating loss in the book group fell to $43,068 from last year's $537,612, while the video unit had a $139,792 operating loss, compared to operating income of $74,877 in the second quarter of 2000.
The book group had strong gains in both its packaging operations, led by Harry Potter pop-up books, and in its self-publishing operations, led by the sale of Ten Little Ladybugs.
For the first six months of the year, Intervisual's total revenues rose 10.8%, to $9.2 million, and its net loss was cut in half, to $496,692.
Despite making some financial headway, Intervisual was delisted from the Nasdaq SmallCap Market earlier this month and began trading on the over-the-counter bulletin board.
