This Day On The Street
Continue to site
ADVERTISEMENT
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

TechTarget Reports Fourth Quarter And Full Year 2012 Financial Results

Technology media company TechTarget, Inc. (NASDAQ: TTGT) today announced financial results for the three months and year ended December 31, 2012.

With respect to results for the quarter, total Q4 2012 revenues decreased 12% to $25.4 million compared to Q4 2011. Q4 2012 online revenue decreased by 13% to $22.6 million compared to Q4 2011. Online revenues represented 89% of total Q4 2012 revenues. Q4 2012 events revenue decreased by 7% to $2.7 million compared to Q4 2011 and represented 11% of total Q4 2012 revenues. Total 2012 revenues decreased 5% to $100.0 million compared to 2011. Total 2012 online revenue decreased by 4% to $88.2 million compared to 2011. Online revenues represented 88% of total 2012 revenues. Total 2012 events revenue decreased by 11% to $11.8 million compared to 2011 and represented 12% of total 2012 revenues.

Adjusted EBITDA (earnings before interest, other income and expense, income taxes, depreciation, and amortization, as further adjusted to eliminate stock-based compensation) for Q4 2012 decreased 32% to $5.8 million compared to $8.5 million for Q4 2011. Adjusted EBITDA for full year 2012 decreased 21% to $20.0 million compared to $25.3 million for the full year 2011.

The Company generated $3.8 million of cash in the quarter and $13.1 million in the year.

Total gross profit margin for Q4 2012 was 74%, compared to 77% for Q4 2011. Online gross profit margin decreased to 75% for Q4 2012, compared to 79% for Q4 2011. Events gross profit margin increased to 63% for Q4 2012, as compared to 60% for Q4 2011. Total gross profit margin for full year 2012 was 72%, compared to 74% for full year 2011. Online gross profit margin decreased to 73% for full year 2012, compared to 76% for full year 2011. Events gross profit margin remained flat at 64% for full year 2012.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs