FAST Misses Q2 Revenues, Changes Accounting Practices

Aug 8, 2007 at 11:24am ET by Greg Sterling

FAST Search & Transfer said that Q2 earnings were off based largely on a change in accounting practices. The company had formerly booked MOUs (memoranda of understanding) as revenue and that practice has been eliminated. We were informed but have been unable to substantiate that the company’s accounting practices are now under investigation. Second quarter revenues and related presentations are available here.

Greg Sterling is a Contributing Editor at Search Engine Land, and writes a personal blog Screenwerk, examining the broader world of media and advertising. He also posts at a Local Mobile Search, which is focused on the mobile Internet.

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ONE COMMENT ON FAST Misses Q2 Revenues, Changes Accounting Practices

Suvendu, August 12th, 2007 at 12:58 am ET:

Is FAST for acquisition ?

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