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# The Orchard Reports Revenue Up, Losses Down
- URL: https://www.hypebot.com/the-orchard-reports-revenue-up-losses-down/
- Published: 2010-05-17T00:10:00.000Z
- Updated: 2010-05-17T00:10:00.000Z
- Description: On Friday, digital distributor The Orchard reported financial results for the quarter that ended March 31st. It was the first quarter reported since a round of layoffs and cost reductions.. Continue reading [https://www.hypebot.com/hypebot/2010/05/the-orchard-reports-revenue-up-losses-down.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:59

On Friday, digital distributor The Orchard reported financial results for the quarter that ended March 31st. It was the first quarter reported since a round of layoffs and cost reductions.

- [![image from 2.bp.blogspot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e20133ec556ab0970b-250wi)](http://hypebot.typepad.com/.a/6a00d83451b36c69e20133ec556ab0970b-pi?ref=hypebot.com) Revenue increased 16% to $17.8M in the quarter $15.3 million in the first quarter of 2009.
- Gross profit margin was 25% compared to 28% in the first quarter of 2009.
- Operating expenses dropped to $4.9 million helped from $5.7 million in the corresponding period of 2009\.
- The net loss for the quarter was $0.4 million down from $1.1 million in 2009.
- As of March 31st The Orchard had approximately 2.1 million tracks available, an increase of 49% from the same date in 2009 and an increase of 19% from December 31, 2009\. During the first quarter of 2010, there were approximately 17.5 million paid downloads from The Orchard's catalog, an increase of 7% as compared to the corresponding period of 2009\.