Wizzard Media Only $1.8 Million Shy of Profitability

Wizzard Media, the publicly traded podcast network giant, had news break finally of their 2008 end of year fiscal returns in the Pittsburgh Business Times and Podcasting News today.

From Podcasting News:

Wizzard yesterday reported a 2008 fourth-quarter loss of $1.8 million, or 10 cents per share.

For all of 2008, the podcasting and speech technology company reported a nearly $7.7 million loss, or 23 cents per share, on revenue of $6.1 million. On the positive side, Wizzard also recently reported a record 307 million download requests during the fourth quarter of 2008, contributing to a record 1.2 billion requests throughout the past calendar year.

This is important news to keep an eye on. Despite the economic trauma (which even Wizzard fell victim to in Q4 ‘08), the end of year results for Wizzard showed them making steady progress towards profitibility.

For the total year, revenue rose 18 percent, from $5.16 million in 2007 to $6.1 million in 2008.

Keep an eye out for more on this over at SiliconANGLE later this evening.

See the follow up here.