Interactive advertising company Q Limited (ASX:QXQ) has downgraded its earnings guidance for 2H10, cutting its ebitda outlook from at least $700,000 to breakeven.
The company said the online advertising market contracted by 11% in Q1, and restructuring costs and poor agency-development sales also contributed to the reduced outlook.
Q has also cut its revenue guidance from $15 million to $12.7 million. QXQ shares are currently trading unchanged at $0.074.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.