Key Developments For Answers Corporation
Answers Corporation (ANSW.O) (Consolidated Issue listed on NASDAQ Capital Market)
Answers Corporation Issues Q4 2009 Guidance Below Analysts' Estimates; Narrows FY 2009 EBITDA Guidance Below Analysts' Estimates; Lowers FY 2009 Revenue Guidance
Answers Corporation announced that for the fourth quarter of 2009, it expects total revenue to be in the range of $5.45-$5.95 million, GAAP operating income of $1.15-$1.60 million and adjusted EBITDA of $1.90-$2.35 million. For fiscal 2009, it expects total revenue to be in the range of $20.20-$20.70 million, GAAP operating income of $4.45-$4.90 million and adjusted EBITDA of $7.25 -$7.70 million. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $2.66 million on revenues of $7.06 million for the fourth quarter of 2009; EBITDA of $8.03 million on revenues of $21.96 million for fiscal 2009.
Answers Corporation Extends Google Services Agreement
Answers Corporation announced that it has renewed its Google Services Agreement, extending its access to Google`s AdSense program for an additional two years, through January 31, 2012. Specific terms of the renewal were not disclosed.
Answers Corporation Issues Q3 2009 Guidance In Line With Analysts' Estimates; Issues FY 2009 Guidance Above Analysts' Estimates
Answers Corporation announced that for the third quarter of 2009, it expects total revenue to be in the range of $4.600-$5.200 million, GAAP operating income to be in the range of $0.450-$0.950 million and adjusted EBITDA to be in the range of $1.250-$1.750 million. For fiscal 2009, it expects total revenue to be in the range of $20.500-$21.500 million, GAAP operating income to be in the range of $4.300-$5.000 million and adjusted EBITDA to be in the range of $7.200 -$7.900 million. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $1.59 million on revenues of $4.75 million for the third quarter of 2009; EBITDA of $6.52 million on revenues of $19.20 million for fiscal 2009.
Answers Corporation Announces Exercise by Redpoint Ventures Of $7 Million Second Tranche Warrant
Answers Corporation announced the exercise of the second tranche warrant, issued by the Company in connection with its June 2008 financing, by Redpoint Ventures, a Menlo Park, CA, based venture capital firm specializing in early stage and growth capital investments for the Internet and technology sectors, and the Company's largest stockholder. Upon exercise of the warrant on June 10, 2009, Answers issued $7 million of Series B convertible preferred stock, convertible into 1,272,727 shares of common stock at a conversion price of $5.50 per share, and a warrant exercisable for 636,364 shares of common stock at an exercise price of $6.05 per share.
Answers Corporation Issues Q2 2009 Guidance Below Analysts' Estimates
Answers Corporation announced that for second quarter 2009 it expects total revenue in the range of $4.450 - $4.650 million and adjusted EBITDA in the range of $1.250 -- $1.450 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $4.82 million and EBITDA of $1.49 million for second quarter 2009.
