Rediff.com has cash and cash equivalents worth $8.39 million left for the quarter ended March 31, 2015. In an earnings conference call, chief financial officer Swasti Bhowmik said that the company expects a cash burn of $1.2 to 1.5 million per quarter for the the next three quarters. For the quarter ended December 31, 2014, Rediff had said it had $9.7 million cash in hand to fund its operation. Total revenues for the company decreased 6.19% to $3.64 million from $3.88 million in the same quarter last year. Indian online revenues was at $3.19 million, down 6.18% from $3.40 million in the same quarter last year. However, the company said that its operating expenses were down 30% year-on-year (YoY) to $2.83 million from $4.05 million in the same quarter last year. Rediff’s display advertising business declined 19% y-o-y in revenue this quarter. "We have seen display advertising going through a tough time in the last three quarters which is part of a longer term industry trend," Bhowmik added. Operating EBITDA showed a loss of $1.5 million for the quarter as compared to operating EBITDA of $3.12 million in the corresponding quarter last year. Net loss for Rediff for the quarter was $5.01 million compared to net loss of $4.76 million in the same quarter last year. Focus on e-commerce marketplace In the last quarter Rediff said that it is now focusing on its e-commerce marketplace. For the quarter ended March 31, 2015, the company said that the business contributes to 27% of…
