SeeThruEquity Issues Quarterly Update on Rightscorp

Aug 21, 2014 (ACCESSWIRE via COMTEX) New York, NY / ACCESSWIRE / August 21, 2014 / SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a quarterly update on Righstcorp, Inc. (OTCQB: RIHT) for fiscal Q2 2014. Highlights of the quarter are as follows: - 2Q14 reported revenues were $251,481, up 377% y-o-y and up 34% sequentially driven by growth in ingested copyrights, participation of ISPs and closed settlements. - As the company continues to invest in its technology and business expansion, operating expenses came in at $869,340 during 2Q14, up 104% y-o-y. RIHT reported operating losses of $743,599 as compared to losses of $400,142 in 2Q13. - To fund its operating losses, the company raised equity capital of $1.58mn. - During the quarter, RIHT reported a net loss of ($754,239) or ($0.01) per share as compared to net loss of ($487,930) or ($0.02) per share
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