Higher than Expected Revenue from TechSolutions Drives
Reults
Laptop Battery New York, 1/6/2005 - DoubleClick Inc. (NASDAQ: DCLK), the
leading provider of data and technology
solutions for marketers,
advertising agencies and web
publishers, today announced that it has revised guidance for the
fourth quarter and full year 2004 in order to reflect better
than anticipated revenue generation in the TechSolutions
segment. The Company is also adjusting guidance to reflect a
higher diluted share count as required under FASB EITF Issue No.
04-8.
Company Raises Revenue Expectations Due to higher than projected
revenue from its Performics, Ad Management, and Email products,
DoubleClick now expects that fourth quarter revenue from its
TechSolutions segment will be $6 million to $7 million higher than
the
mid-point of its previous guidance
range. Data segment revenue is expected to be within a narrower
range than indicated in the previous outlook. These figures are
preliminary. The Company plans to report final fourth quarter
and full year 2004 results on February 3, 2005.
Stamps.com Reports First Quarter 66% Year over Year Revenue Growth, and Increased Guidance for 2004 Company Now Anticipates Approximately 55% Fiscal Year 2004 Revenue Growth and Profitability in the Fourth Quarter of 2004 SANTA MONICA, Calif. April 21, Stamps.com™ ( STMP) today announced financial results for the first quarter of 2004. First quarter revenue was an all time quarterly high of $7.6 million, up 66% versus the first quarter of 2003 and up 19% versus the fourth quarter of 2003. In addition, Stamps.com announced that it has adjusted its guidance for fiscal 2004 total revenue to be up approximately 55% versus fiscal year 2003; previously the company guided to an overall increase of 35%. Further, the company now anticipates profitability in the fourth quarter of 2004, a quarter earlier than previously expected.
Thinkpad "This quarter we saw an increase in Ad Management volume from
both existing customers and from large new customers coming on
board," said Kevin Ryan, CEO, DoubleClick Inc. "In addition, our
Search, Affiliate, and Email businesses all benefited from a strong
holiday season."
For the first quarter of 2003, the company expects revenue to be flat versus the fourth quarter 2002 level. First quarter gross margin is expected to be in the mid 60% range, and first quarter total operating expenses are expected to increase approximately $1 million from the fourth quarter 2002 level. On a per share basis, first quarter 2003 GAAP net income is expected to be a loss of approximately five cents per share. For the full year 2003, the company expects total revenue to be approximately $20 million, a 22% increase over 2002 revenue.
Microsoft New GAAP Rules on Contingent Convertibles Under FASB EITF Issue
No. 04-8, "The Effect of Contingently Convertible Instruments on
Diluted Earnings per Share, DoubleClicks Zero Coupon Convertible
Subordinated notes will be included in the calculation of diluted
earnings per share regardless of whether any of the conversion
contingencies have been met. The new EITF Issue is effective for
reporting periods ending after December 15, 2004, subsequent to
which date publicly traded companies must retroactively restate
diluted earnings per share calculations for 2004 and prior year
periods.
For the fourth quarter of 2003, the company expects revenue to be approximately $5.6 million. Gross margin is expected to be in the mid 50% range. Total operating expense for the fourth quarter is expected to increase by approximately two million from the third quarter level due to an anticipated increase in fourth quarter general and administrative expense, and due to plans to increase fourth quarter sales and marketing spend. On a per share basis, fourth quarter 2003 GAAP net income is expected to be a loss of approximately nine cents per share. For the full fiscal year 2004, the company expects total revenue to increase approximately 25% over 2003 levels, gross margin is expected to be approximately sixty percent, and total net loss is expected to be approximately $0.20 per share.
Laptop Computers Under the EITF issue, DoubleClick will treat its Zero Coupon
Convertible Subordinated Notes, which have a conversion price of
$13.12 per share, as though they had been converted into
approximately 10.3 million shares beginning June 23, 2003. In this
restatement, DoubleClick will treat its former 4.75% Subordinated
Notes as though they had been converted into approximately 3.8
million shares from January 1, 2003 through July 24, 2003. No
restatement will be necessary for periods prior to January 1, 2003,
because the 4.75% Notes would have been anti-dilutive.
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Laptop Computer Revised 2004 Outlook The Company now anticipates fourth quarter
TechSolutions revenue of $54 million to $55 million, compared to
the previous guidance range of $46 million to $50 million. Fourth
quarter Data revenue is expected to range from $26 million to $27
million, versus the previous outlook of $25 million to $28 million.
DoubleClicks overall 4Q04 top line is estimated to be $81 million
to $82 million, compared to the previous guidance of $72 million to
$77 million.
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Desktop Computer DoubleClick expects full year 2004 TechSolutions revenue to be
$193 million to $194 million, against the previous guidance range
of $185 million to $190 million. 2004 Data revenue is expected to
be between $104 million and $105 million, versus the previous
outlook of $103 million to $106 million. Total Company revenue is
expected to range from $298 million to $299 million, compared to
the previous estimate of $290 million to $295 million.
Notebooks DoubleClicks gross margin is expected to be in the low 70s
percent range for the quarter and year. The Company had previously
anticipated full year gross margins in the high 60s to low 70s
percent range, while the 4Q04 gross margin projection is unchanged.
GAAP operating expenses are projected to be $50 million to $51
million for 4Q04, versus the previous guidance range of $50 million
to $52 million. Full year GAAP operating expenses are expected to
be approximately $190 million.
Lenovo The Company now anticipates GAAP EPS of between $0.06 and $0.07
and $0.24 and $0.25, respectively, for the quarter and year ending
December 31, 2004. These estimates assume a reduction in EPS of
approximately $0.01 for 4Q04 and $0.02 for FY04 due to the EITF
change described above. DoubleClicks previous outlook for GAAP EPS
was $0.01 to $0.04 for the fourth quarter of 2004 and $0.21 to
$0.24 for the full year, exclusive of EITF Issue No. 04-8. Unusual
items are not expected to have a material impact on the quarters
results.
Hard Drive Fourth Quarter And Full Year 2004
Financial Results DoubleClick
will be releasing its fourth quarter and full year 2004 results
after market close on Thursday, February 3, 2005. At 5:00 p.m.
EDT on the same day, the Company will be hosting a conference
call to discuss these results as well as to provide its
preliminary first quarter and full year 2005 financial
outlook.
Travelstar To listen to a live Webcast of the call, please go to
ir.doubleclick.net 15 minutes prior to the planned start of the
call to register, download, and install (at no cost) any necessary
software. There will be a replay of the Webcast available beginning
approximately one hour after it has ended at ir.doubleclick.net.
This replay will be available for 30 days thereafter. For dial-in
information, please contact Investor Relations at (212)
683-0001.
Gateway The Webcast is also being distributed over CCBNs Investor
Distribution Network to both institutional and individual
investors. Individual investors can listen to the call at
http://www.fulldisclosure.com or by visiting any of the investor
sites in CCBNs Individual Investor Network. Institutional investors
can access the call via www.streetevents.com.
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