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ValueClick beats by $0.02, raises FY05 guidance (VCLK 2Q05 earnings results)

Aug. 05, 2005 8:23 AM ETConversant, Inc. (CNVR)
David Jackson profile picture
David Jackson

ValueClick (ticker: VCLK) reported Q2 2005 earnings results that beat both consensus revenue and EPS estimates. Key stats from the

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

  • Revenue rose 57.7% to $54.6 million vs consensus estimate of $53.99 million.
  • Gross margin was 74.8% vs 67.0%.
  • Operating expenses rose 73.7% to $30.1 million.
  • Sales and marketing expenses rose 109.0% to $15.0 million.
  • G&A expenses rose 46.4% to $8.7 million.
  • Technology expenses rose 12.2% to $4.7 million.
  • EBITDA rose 65.1% to $13.7 million.
  • Operating income rose 82.7% to $10.7 million.
  • Operating margin was 19.6% vs 16.9%.
  • Net income rose 46.7% to $8.1 million.
  • Net margin was 14.8% vs 15.9%.
  • Diluted EPS of $0.10 vs $0.07, and consensus of $0.08.

Balance Sheet (as of June 30, 2005)

  • Cash and equivalents of $34.3 million.
  • Marketable securities of $92.3 million.

Q3 Guidance

  • Revenue of $78.0 - $79.0 million vs consensus of $76.39 million.
  • EBITDA of $18.0 - $19.0 million.
  • Fully diluted net income per common share of approximately $0.09 in-line with consensus.

FY 2005 Guidance (Revised)

  • Revenue of $269 - 279 million vs previous guidance of $265 - 275 million, and vs consensus estimate of $271.62 million.
  • EBITDA of $70 - 74 million vs previous guidance of $68 – 72 million.
  • Fully diluted net income per common share of $0.41 - 0.43 vs previous guidance of $0.39 - $0.41, and consensus estimate of $0.40.
  • Note: FY 2005 guidance includes seven months of operations from E-Babylon and six months of operations from Web Clients.

VCLK chart.


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This article was written by

David Jackson profile picture
I'm the founder and CEO of Seeking Alpha. Before Seeking Alpha, I worked as a technology research analyst for Morgan Stanley in New York. After I left, I wrote The ETF Investing Guide (which you can find by clicking on "Author's Picks" below), and some articles about individual stocks, and then started inviting other people to contribute to the website. Seeking Alpha is now the dominant crowdsourced platform for discussion of stocks and investing, and the only place with coverage of many mid and small cap stocks. I have a B.A from Oxford University and an MSc from The London School of Economics, and am married with five children.

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