This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Financial Engines Reports First Quarter 2012 Financial Results

Financial Engines (NASDAQ: FNGN), the leading independent provider of investment management and advice to employees in retirement plans, today reported financial results for its first quarter ended March 31, 2012.

Financial results for the first quarter of 2012 compared to the first quarter of 2011: i

  • Revenue increased 29% to $41.7 million for the first quarter of 2012 from $32.3 million for the first quarter of 2011.
  • Professional management revenue increased 38% to $32.9 million for the first quarter of 2012 from $23.9 million for the first quarter of 2011.
  • Net income was $3.5 million, or $0.07 per diluted share, for the first quarter of 2012 compared to $2.6 million, or $0.05 per diluted share, for the first quarter of 2011.
  • Non-GAAP Adjusted EBITDA i increased 54% to $11.7 million for the first quarter of 2012 from $7.6 million for the first quarter of 2011.
  • Non-GAAP Adjusted Net Income i increased 50% to $5.0 million for the first quarter of 2012 from $3.4 million for the first quarter of 2011.
  • Non-GAAP Adjusted Earnings Per Share i increased 43% to $0.10 for the first quarter of 2012 from $0.07 for the first quarter of 2011.

Key operating metrics as of March 31, 2012: ii

  • Assets under contract (“AUC”) were $517 billion.
  • Assets under management (“AUM”) were $53.7 billion.
  • Members in Professional Management were 589,000.
  • Asset enrollment rates for companies where services have been available for 26 months or more averaged 12.8% iii.

“With Income+ live at J.P. Morgan, more of America’s employees have access to a retirement income solution designed to provide reliable income for life,” said Jeff Maggioncalda, president and chief executive officer of Financial Engines. “As approximately 78 million baby boomers move into retirement over the next two decades, our promise of Retirement Help for Life can help this generation achieve retirement security and drive the growth of our business.”

1 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,564.91 -315.45 -1.87%
S&P 500 1,933.55 -36.52 -1.85%
NASDAQ 4,376.5760 -86.3260 -1.93%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs