By: Tom Butts
After several quarters of revenue losses, Media 100, the Marlboro, MA-based developer of digital video NLE systems reported a profit this week.
Net sales increased to $12.5 million for the quarter, a 30% increase from Q2 1998 sales of $9.6 million. Media 100's net income for the quarter of $177,000, compares with a net loss of $3.4 million, in Q2, 1998.
While it may be too soon to say Media 100 has made a turn-around, several steps taken over the past 12 months could attribute to the company's recent success, including the introduction of Finish, the company's initial entry into the NT NLE market. Media 100 made a name for itself developing Mac-based digital video editing systems. The company began shipping Finish 1.0 in February and recently announced the availability of version 2.0, along with shipments of v. 5.5 of its Mac-based NLE systems.
Also, in an effort to expand its technology into the burgeoning Internet video market, the company recently announced its purchase of Los Gatos, CA-based Terran Interactive, a developer of "video-scrubbing" software for DVD and videostreaming. The transaction will be completed at the end of June.