The company posted a net loss of $7.6 million (31 cents per share) on a record $4.9 million in revenues in the second quarter ending Dec. 31, compared with a net loss of $4.8 million (28 cents) on $2.6 million reported for the same period a year ago.
"We know we are not in the best position," Giaimo acknowledged in the company's second-quarter earnings call Thursday. But "it's only going to get better."
Still, Giaimo declines to portray eBay as the savior for his struggling dot-com. "EBay is not going to save HomeSeekers. What is going to save HomeSeekers is what's actually occurring," he said, referring to the company's successful efforts to rein in costs and boost revenues. He points to HomeSeekers' new real estate desktop products and expansion abroad as other new sources of revenue.
Survival, Giaimo said, is "a matter of growing our core business, watching the cost and getting to the point that makes sense on the Street."
