"EDGAR Online, Inc. today reported first quarter 2004 subscription growth of 13% over the same period last year and up 4% from the previous quarter. Since inception, the Company's subscription revenues have grown incrementally each quarter. The average annual revenue reached $247 per subscriber, an increase of 17% from the first quarter of 2003 and an 8% increase from last quarter. [...]
EDGAR Online reported revenue of $3.1 million for the quarter ended March 31, 2004, a decrease of 18% compared to the same period last year. Strong growth in the Company's core subscription business was offset by a $814,000 or 80% decline in the Company's technical services revenue. Seat-based subscription revenue increased 13% from the first quarter last year primarily due to an overall increase of over 1,800 seats of its premium EDGAR?Online Pro service to financial professionals. At March 31, 2004, the Company had approximately 26,000 total subscribers."
Notes and links related to the transition from free to for-fee online services.
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