Profile: EDGAR Online, Inc. (EDGR.O)

EDGAR Online, Inc. (EDGAR Online), incorporated in November 1995, creates and distributes financial data and public filings for equities, mutual funds, and a range of other publicly traded assets. The Company delivers its information products in the form of online end-user subscriptions, as well as through data licenses and bulk data feeds. It sells its subscriptions and data feeds directly to end-users or embedded in other Websites and through a range of data redistributors. It produces detailed data that assists in the analysis of the financial, business and ownership conditions of a company or investment vehicle. Consumers of its information products are financial, corporate and advisory professionals who work in financial institutions, such as investment funds, asset management firms, insurance companies and banks, stock exchanges and government agencies, as well as accounting firms, law firms, corporations or individual investors.

The Company has developed high volume distribution techniques for managing and delivering regulatory filings. It has also developed automated data parsing, tagging and processing systems that allow for rapid conversion of unstructured data into structured financial data sets. It uses financial reporting standard called eXtensible Business Reporting Language (XBRL). Electronic Data Gathering Analysis and Retrieval (Edgar) is Securities and Exchange Commission’s (SEC’s) electronic filing system.

Subscription Services

The I-Metrix products (www.imetrix.edgar-online.com) are the Company’s end-user subscription service. I-Metrix delivers a Web only service while I-Metrix Professional allows a user to do in-depth analysis via the Web and a Microsoft Excel add-in. Both products are built on its extensive XBRL fundamental database, including historical and current information for over 12,000 companies. This product family delivers fundamental data such as income statements, balance sheets and statements of cash flow, as well as earnings estimates, standard financial ratios, insider transactions and institutional ownership. It provides fully customizable tools and models that allow users to search, screen and evaluate the data according to their own criteria. EDGAR Pro (www.pro.edgar-online.com) offers financial data, stock ownership, public offering data sets and advanced search tools. EDGAR Pro is available via multi-seat and enterprise-wide contracts, and may also include add-on services, such as global annual reports and conference call transcripts. EDGAR Access (www.access.edgar-online.com), its retail product, has fewer features than EDGAR Pro and is available via single-seat, credit card purchase only.

Data and Solutions

EDGAR Online produces a specialized line of data feeds, products and solutions based on content sets that it has extracted from SEC filings and data that it receives from stock exchanges, regulators and other financial data providers. The Company creates standard data products and customized data solutions for specific customers by leveraging its data processing platforms and analytical tools. Its data products include, but are not limited to, full access to SEC filings in multiple formats, standardized and as-reported fundamental financial data, annual and quarterly financial statements, insider trades, institutional holdings, initial and secondary public offerings, Form 8-K disclosures, electronic prospectuses and other investment instrument disclosure information.

Advertising and E-Commerce

Each month the Company’s products and partners generate tens of millions of advertising impressions. It generates ancillary advertising and e-commerce revenues from a subset of these impressions.

The Company competes with Capital IQ, Dun & Bradstreet, SNL, Hemscott and 10-K Wizard Technology.