Hot Topics:

Hosting Reviews:

Best Web Hosting & Domain Name » Search Engine Media Firm, LiveWorld, Reports Profitable Fourth Quarter



» Search Engine Media Firm, LiveWorld, Reports Profitable Fourth Quarter


Thursday, December 10th, 2009

—————————————————————————————————————————————-
Web Hosting Offers: iPowerWeb Hosting $7.95/Month

Blue Host $6.95/Month + Free Domain

GoDaddy.com $1.99 Domain Names

GoDaddy.com $1.99 Domain Names

Hostgator 20% Off Coupon Code (Coupon Code = SPRING)

PowWeb Hosting FREE 2 Years Domain

1&1 Web Hosting (UK) from £1.99

EasyCGI Save 20% on Web Hosting!

—————————————————————————————————————————————-

San Jose, California – (The Hosting News) – March 17, 2009 – Social media marketing agency, LiveWorld, has reported $3.0 million in total revenues for the fourth quarter of 2008 as compared to the $3.0 million in total revenues reported in the fourth quarter of 2007.

David Houston, Chief Financial Officer of LiveWorld noted, ”We are pleased with the quarterly results and the actions we took to improve the overall performance of the company. We believe the macroeconomic environment will remain challenging in the short-term, but we are cautiously optimistic that we will see continued improvements in our operations as a result of the changes we made in the fourth quarter.”

The fourth quarter revenues were a 13% increase from the $2.6 million reported in the third quarter of 2008. The Company reported net income for the fourth quarter of 2008 of $165,000, or $0.01 per share. This result was an improvement of $754,000 when compared to the net loss of $589,000 or $(0.02) per share reported in the fourth quarter of 2007. The Company increased its net income by $767,000 in the fourth quarter when compared to the net loss of $602,000, or $(0.02) per share for the third quarter of 2008.
Adjusted EBITDA for the fourth quarter of 2008 was $400,000, which was materially higher than the $370,000 loss for the fourth quarter of 2007. Additionally the Adjusted EBITDA improved by $752,000 when the fourth quarter numbers are compared to the $352,000 loss for the third quarter of 2008. LiveWorld defines Adjusted EBITDA as net income or loss with an add-back for depreciation and amortization, non-cash stock-based compensation expense, interest income net, and income taxes. Adjusted EBITDA is not a term defined by GAAP and as a result LiveWorld’s measure of Adjusted EBITDA might not be comparable to similarly titled measures used by other companies.
The company’s use of cash was $32,000 for the fourth quarter of 2008 which is a material improvement when compared to the use of cash of $302,000 for the fourth quarter of 2007 and the use of cash of $367,000 for the third quarter of 2008. The company ended the year with $1.4 million in cash and cash equivalents. The company reported a positive working capital balance of approximately $1.2 million for the fourth quarter of 2008 as compared to the $800,000 it had at the end of the third quarter of 2008.
In the fourth quarter, the Company took action to align its operating expenses with its current revenue-generating opportunities. The Company reduced its headcount, overall payroll expenses and other operational spending. While the average reduction for employees was approximately 8% of their salary, the executives of the Company each had their salary reduced by 33%. The Company is considering implementing an incentive compensation program based on its financial and overall performance. The total savings for the company will be approximately $1.7 million annually.
The Company anticipates its total revenues will be less than it reported in either the first quarter of 2007 or the fourth quarter of 2008. However, the Company believes the cost reductions will improve the first quarter operational results compared to the first quarter of 2008.
LiveWorld is the go-to social media marketing agency for everything global corporations need to leverage the power of social networks to build their brands and their business. LiveWorld thinks differently about how companies can use social networks for customer dialogue and relationships and is the only company that offers the combination of a full technology platform, moderation services, community management and marketing strategy, all in one place. This combination – unique in the industry – is the reason why more global brands turn to LiveWorld than any other firm for their ongoing, integrated social media marketing strategy and implementation.
With 24 years of experience, an extensive applications hosting platform, and a track record of delivering over 1 million hours of moderation services, LiveWorld offers its clients a team of experienced community managers and moderators who oversee activity and user content online. LiveWorld deploys its services in more than 60 country-language combinations, and is the trusted partner of leading brands worldwide, including: A&E, The Campbell Soup Company, eBay, HBO, Kraft Foods, MINI Cooper USA, TJX, QVC and many others. LiveWorld is headquartered in San Jose, California with additional offices in New York City and London.

To learn more, please visit: www.liveworld.com.

« Previous Web Hosting & Domain Name News | Next Web Hosting & Domain Name News »



Leave a Reply