24/7 Exec Sees Profitability by 2001
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C. Andrew Johns, chief financial officer of 24/7 Media Inc., told financial news network CNBC he expects the company to become profitable in late 2001 or early 2002, based on the company's current business mix.
24/7 operates a large, global ad network and lately has branched out into direct marketing.
"It's clear that we're not making money today. . .we are investing right now for future growth," Johns told CNBC.
Last month, 24/7 Media reported that revenue increased ninefold from the year-ago period. Its stock closed yesterday at 33 1/2.