ARTISTdirect Reports Wider 2002 Q2 Net Loss

ARTISTdirect has reported a wider second-quarter net loss.
For the second quarter, ARTISTdirect had a net loss of $15.2 million, or $4.40 per share, including a $9.6 million loss on its ADR investment. It had a net loss of $11.1 million, or $3.06 per share, in the same period last year. Sales fell 48% to $1.4 million. As of June 30, ARTISTdirect had $11.5 million in cash.

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