Earnings: Roo Group Q1 Operating Losses Increase 150 Percent

Online video aggregator ROO Group (OTC Bulletin Board: RGRP) saw its operating losses widen in Q1 to $6.5 million from $2.6 million in Q106, a change of 150 percent. Meanwhile, the company, which powers the sites of TheSun in UK, MTVU and TheStreet.com, among others, reported Q1 revenues of $3 million for the quarter, an increase of 68 percent compared to revenues of $1.8 million As of March 31, 2007, Roo Group had a cash balance of approximately $6.5 million. Earnings release