Westborough entertainment-industry management and marketing company PAID Inc. increased its revenues 80 percent to $1.3 million year over year for the first quarter of 2012.
The company’s net loss remained steady at $1 million.
The most striking increase in income came from touring revenues, which jumped from $165,100 to $533,000 as several of the company’s clients went on tour. Income from client services and merchandising also rose for the quarter.
PAID said it has been streamlining its operations over the past two years, in part by consolidating its offices in Westborough and making personnel changes.
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