TheStreet.com, Inc. Reports Third Quarter EPS of $(0.06)

TheStreet.com, Inc. (Nasdaq: TSCM) today reported financial results for the third quarter of 2010. The Company reported revenue of $14.3 million, a net loss of $(1.8) million and Adjusted EBITDA of $(0.3) million for the quarter. The Company had a net loss of $(1.8) million in the third quarter of 2010 from its ongoing businesses, as compared to a net loss of $(1.1) million from such ongoing businesses in the prior year period; including the former businesses, the Company reported a net loss of $(1.8) million in the third quarter of 2010 as compared to a net loss of $(1.3) million in the 2009 period. The Company reported basic and diluted net loss per share attributable to common stockholders of $(0.06) and $(0.06), respectively, in the third quarter of 2010, as compared with $(0.05) and $(0.05), respectively, in the prior year period. Adjusted EBITDA for the Company's ongoing businesses was $(0.3) million in the third quarter of 2010, as compared to $2.0 million in the prior year period; including the Company's former businesses, Adjusted EBITDA was $(0.3) million in the third quarter of 2010, as compared to $1.8 million in the prior year period.