In the company’s news yesterday,
Lyris, Inc., an online marketing company, this week reported steady revenue of $10.8 million for its 4th quarter, ending June 30, 2008. This amount is the exact same as that reported 12 months ago by the company. The revenue breakout includes Web and storage hosting, 73%; licensed software, 11%; maintenance and support, 13%; and professional services, 3%.
For the full fiscal 2008 year, the company reported revenues of $43.2 million compared with revenues of $39.0 million in fiscal 2007. However, Lyris’ EBITDA for the fourth quarter of fiscal 2008 was a loss of $478,000 versus earnings of $3.0 million in the fourth quarter a year ago.
On a GAAP-standards basis, the company reported a $2-million loss or 2 cents less per diluted share, compared with net income on a GAAP basis of $2.1 million, in the same period a year ago. On a non-GAAP basis, the net loss in the quarter was $839,000, or 1 cent per share, versus 2007’s non-GAAP net income of $2.2 million. The non-GAAP results exclude, among other things, stock-based compensation expenses of $256,000 and $184,000.
“We are seeing adoption across a wide variety of industry sectors … including new clients such as Harte-Hanks and Char-Broil,” said Luis Rivera, Lyris CEO. “In addition, we are gaining increased traction with advertising and marketing agencies that are reselling our offering to their clients.”
Lastly, the company reported a net loss on a GAAP basis of $5.5 million, or 6 cents per share, compared with net income of $351,000, in fiscal 2007. The GAAP results include an impairment charge of $4.1 million related to the developed technology, and the acquisition of ClickTracks and Hot Banana.
“As has been the case over the past several quarters, our financial results in the fourth quarter reflect both the transition of our selling efforts to focus on Lyris HQ and the investments we have made in sales, marketing and product development to support the offering,” Rivera said.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
