GuruNet's revenue grows, monetization continues (GRU 2Q05 earnings results)

Jul.29.05 | About: Answers Corporation (ANSW)

GuruNet (ticker: GRU) reported Q2 2005 earnings results yesterday. There were no analyst estimates available. Key stats:

Q2 Results
(all percentage changes and comparisons are year on year, unless stated otherwise)

  • Revenue rose 859.6% to $424,552, and rose 142% sequentially.
  • Costs of revenue rose 94.1% to $231,416.
  • Research and development expenses rose 56.2% to $397,853.
  • Sales and marketing expenses rose 103.5% to $450,970.
  • General and administrative expenses rose 433.8% to $1.1 million.
  • Operating expenses rose 184.2% to $1.9 million.
  • Net loss was $1.6 million versus $1.9 million in 2Q04, and a loss of $1.5 million in 1Q05.
  • Diluted loss per share was $0.23 versus a loss of $1.08 in Q2 2004.

Balance Sheet

  • Cash and equivalents of $19.4 million as of June 30, 2005.

  • averaged 1.8 million queries per day in Q2.

GRU chart.


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