MP3.com posts positive pro forma earnings

MP3.com announced that it has achieved positive pro forma earnings before interest, taxes, depreciation and amortization (EBITDA) for the first time -- the company posted EBITDA of $662,000. The second quarter revenues decreased by 13% from last year and were $17.5 million. The company was able to cut its pro forma net loss 27% to $1.6 million ($.02 per share). The company net loss was $11.6 million, down 93% from net loss of $177.1 in the second quarter of 2000.