Key Developments For IncrediMail Ltd.
IncrediMail Ltd. (MAIL.O) (Consolidated Issue listed on NASDAQ Global Market)
IncrediMail Ltd. Reaffirms FY 2009 Guidance; Comments On Q4 2009 Revenue Guidance; Issues Q4 2009 Earnings Guidance-Conference Call
IncrediMail Ltd. announced that in the first three quarters of 2009, it has seen that it can grow revenues while creating profitability and expects it to continue in the fourth quarter of 2009, achieving the guidance provided for fiscal 2009 of $27 million in revenues and $11 million in operating income. The Company said that it believes it is well positioned to further increase revenues in the fourth quarter 2009. The expected seasonal decline in revenues was much less than expected, decreasing only 2% from the all-time high of last quarter and the bottom line remains very strong as well with EBITDA of $3.3 million, or 50%, and $2.1 million in net income in the fourth quarter of 2009.
IncrediMail Ltd. Raises FY 2009 Guidance; Comments On Q3, Q4 2009 Guidance
IncrediMail Ltd. raised fiscal 2009 guidance and expects revenues of approximately $27 million, with an operating income margin of 40%, or approximately $11 million in operating income in fiscal 2009, as compared to revenues of approximately $22 million and $0.2 million in operating income in fiscal 2008. The continued increase in expected revenues is driven by the growth in search generated revenues. IncrediMail's expected increased profitability and higher bottom-line guidance, is a result of anticipated increasing revenues and effective cost management, maintaining an operating income margin of above 40%. The Company have begun compiling financials for the recently completed third quarter of 2009 and now believe the third quarter to be at the top of the range of original expectations. With the anticipated growth in revenues and profitability in the fourth quarter of 2009, the Company are able to further increase goals for fiscal 2009.
IncrediMail Ltd. Approves $3.8 Million Interim Dividend
IncrediMail Ltd. announced that its Board of Directors approved an interim cash dividend of $3.8 million, which is approximately $0.40 per share. The dividend's record date and date of distribution are intended to be announced after receiving the pre-ruling from the Israeli Tax Authority.
IncrediMail Ltd. Raises FY 2009 Guidance
IncrediMail Ltd. announced raised its fiscal 2009 guidance and expects revenues to exceed $26 million, and operating Income to exceed $9 million. The Company cited that continued growth in search generated revenues as the primary reason for positive guidance.
IncrediMail Ltd. Renews AdSense Contract With Google for Two Years
IncrediMail Ltd. announced that it has reached a new, two-year direct agreement with Google Inc. terms of the agreement were not disclosed.
