Merriman Curhan Ford reveals Q2 results

by Richard Kilner

Story link: Merriman Curhan Ford reveals Q2 results

Merriman Curhan Ford Group, Inc. (NASDAQ: MERR) has revealed its financial results for Q2 2009.

The firm made a loss of $0.56m, equivalent to $0.04 per share, an improvement on the $5.1m loss for the same quarter last year.

The loss is also significantly better than the net loss of $1.9m incurred in the first quarter of this year, as the firm edges towards the black.

Revenue was down on Q2 2008, from $14.3m to $12.4m, but more than $2m better than the first quarter of this year.

Co-founder and CEO Jon Merriman reacted to the results positively, stating that the firm’s investment banking was turning up in Q2 and had considerable momentum into Q3.