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Blackboard - Good News

According to its Q3 release, Blackboard is one as well as the other cash flow positive and EBITDA profitable. The company has announced record income of $19 million, up 16 percent from the previous quarter; a record $32 million in positive cash pour for the quarter; and its third quarter 2002 EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was positive $10 million. Blackboard spokesman Michael Stanton says the company is upon track to meet its target of $68 million in total 2002 revenue

Contact: mstanton@blackboard.com



COPYRIGHT 2002 Nelson B Heller & Associates

COPYRIGHT 2002 Gale Group



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