- "In spite of the strong dollar we achieved a sequential 16% increase in revenue over the previous quarter," notes Travelzoo (NASDAQ:TZOO) CEO Chris Loughlin. He adds more new members were added than in any quarter in the prior 3 years.
- On a Y/Y basis, the travel deals provider's numbers were still soft: North American revenue -6% Y/Y to $24.7M; European revenue -15% to $11.8M (-7% in local currency). Unduplicated total members rose by 300K Q/Q to 24.5M. North American members stood at 17.2M, and European members at 7.5M (rounded up?).
- GAAP operating expenses were nearly flat Y/Y at $28.5M (compares with a 9% revenue drop) - sales/marketing spend totaled $18M, and G&A $10.5M. Travelzoo ended Q1 with $54M in cash (30% of its current market cap), and no debt.
- Shares reacted very differently to the company's January Q4 report.
- Q1 results, PR