New Motion (OTCBB:NWMO), the mobile content and applications firm, has released its Q2 results, its first full quarter as a publicly traded company. Its net sales for the quarter grew 77 percent year-on-year to $6.894 million. For the half-year to June 30 net sales grew 80 percent year-on-year to $12.536 million. New Motion reported a net loss of $0.887 million for the second quarter and $1.259 million net loss for the six months ending June 30. Operating expenses for the second quarter increased 129 percent year-on-year to $7.358 million—for the half year op-ex grew 172 percent to $12.545 million. New Motion seems to have increased marketing spend, resulting in increased subscriber levels. CEO Burton Katz said that New Motion’s new services Bid4Prizes and game-site GatorArcade helped grow the subscriber base.
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