eDiets.com Inc. announced results for the fourth quarter and full year ended December 31, 2009. eDiets.com Inc. trades on the “NASDAQ” under the stock symbol “DIET”. For the Latest information regarding “DIET”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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eDiet.com Inc. (
Revenues for the fourth quarter of 2009 were $3.9 million, compared to $4.0 million in the prior year period. The net loss was $(3.3) million, or $(0.12) per diluted share, for the fourth quarter of 2009 compared to $(8.4) million, or $(0.33) per diluted share, for the fourth quarter of 2008. Results for the fourth quarter of 2008 included non-cash, impairment charge of $5.2 million related to the goodwill of the Company's business-to-consumer segment.
For the year ended December 31, 2009, the Company recorded revenues of $18.1 million compared to $23.9 million for the same period last year. Net loss was $(12.1) million, or $(0.47) per share, compared to $(19.8) million, or $(0.79) per share, for 2008, including the non-cash goodwill impairment charge of $5.2 million. Adjusted EBITDA for 2009 totaled $(3.3) million compared to $(7.5) million in the comparable prior year period.
The company will host a conference call to discuss the fourth quarter and full year 2009 results at 5:00 p.m. Eastern Time on Thursday, March 11, 2010. Participants may access the call by dialing 866-356-3377 (domestic) or 617-597-5392 (international), pass code 64432380. In addition, the call will be webcast via the Investor Relations section of the company's web site at http://www.eDiets.com, where it will also be archived. A telephone replay will be available through Thursday, March 18, 2010. To access the replay, please dial 888-286-8010 (domestic) or 617-801-6888 (international), pass code 57836119.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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