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posted its second straight profitable quarter Thursday, as surging revenue from advertising and subscriptions lifted net income 142% from the year-ago period.

The company, which publishes this Web site and provides online financial commentary, analysis and news, also announced the resignation of its chief financial officer and said a year-old review of strategic alternatives was discontinued.

For the fourth quarter ended Dec. 31, earned $1.8 million, or 7 cents a share, compared with earnings of $730,000, or 3 cents a share, a year earlier. The latest quarter included a charge of 3 cents a share related to the expensing of stock options.

The prior-year quarter included a loss of $1.4 million, or 6 cents a share, from since-discontinued operations.

Fourth-quarter revenue rose 25% from a year ago to $10 million, reflecting a 17% rise in subscription revenue to $6.5 million and a 56% jump in advertising revenue to $3.2 million. Deferred revenue was $9.9 million in the quarter, up 36% from a year ago.

The company earned $1.6 million, or 6 cents a share, on revenue of $8.2 million in the third quarter of 2005.

For the full year 2005, earned $200,000, or 1 cent a share, including the options expense and a $5.5 million loss from discontinued operations, on sales of $33.7 million. Full-year earnings from continuing operations were $5.8 million, or 23 cents a share.

During the fourth quarter, the number of subscribers to the company's premium services rose by about 7,900, or 10%. Page views on the company's online network rose 43% from a year ago and 12% from the third quarter. Total average monthly unique visitors in the quarter were 3.4 million, a 30% rise from a year ago and an 8% rise from the third quarter.

"Our focus in 2005 was on enhancing the subscriber experience and providing the most effective solutions for our advertisers," said James Lonergan, the president and chief operating officer. "This was extremely effective both from a subscription and an advertising revenue standpoint as evidenced by our solid metrics. Furthermore, we began the expensing of stock options one quarter before the mandated date and still achieved full-year profitability, which confirms the strength of our business." said Lisa A. Mogensen, its chief financial officer, resigned to pursue other interests. Mogensen will continue as CFO and assist in the transition of her responsibilities until the company files its 2005 annual report with the

Securities and Exchange Commission

in mid-March. The company began a search for a replacement and is presently evaluating candidates.

"We thank Lisa for her contributions to during her six years of service," said Thomas J. Clarke Jr., the chairman and chief executive. "We wish her success in her future endeavors."

Mogensen said: "It is now an appropriate time for me to seek new challenges and experiences. I wish Tom and the team continued success."

The company also announced that it discontinued a review of strategic alternatives for which it hired Allen & Co. as adviser in January 2005. "In light of the company's recent strong performance, the board of directors has decided to discontinue the strategic alternative review process," the company said in a press release.