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24/7 REAL MEDIA, INC.
FOR IMMEDIATE RELEASE
24/7 REAL MEDIA REPORTS RECORD RESULTS FOR FOURTH
QUARTER AND FULL YEAR 2005
Company Exceeds Fourth Quarter and Full Year Guidance
Raises Guidance for Full Year 2006 and Introduces First Quarter 2006 Guidance
Fourth Quarter Highlights:
Revenue of $41.7 million, an increase of 52% over the comparable period in 2004.
Pro forma operating income of $0.08 per share compared with $0.03 per share in Q4 of 2004; GAAP net income of $0.03 per share versus a GAAP net loss of $0.06 per share in Q4 of 2004.
Successful operational launch of K.K. 24-7 Search, a joint venture with Dentsu Inc., to capitalize on the growing Search Engine Marketing sector in Japan.
Expansion of leading German operations with the opening of new Hamburg office.
NEW YORK March 1, 2006 24/7 Real Media, Inc. (Nasdaq: TFSM), a pioneer in interactive marketing and technology, today announced financial results for the fourth quarter and full year ended December 31, 2005. Revenue for the fourth quarter of 2005 was $41.7 million, an increase of 52% from the $27.5 million reported for the fourth quarter of 2004, and a sequential increase of 19% from the $35.1 million reported during the third quarter of 2005.
24/7 Real Media continued to expand its global reach in 2005 with the opening of offices in Tokyo, Rome and Hamburg, and non-U.S. operations contributed 57% of the Companys revenue in the fourth quarter. Operating strength in each of its geographies and business segments contributed to the robust sequential and year-over-year growth for the Company.
Pro forma operating income (1) for the fourth quarter of 2005 was $4.0 million, or $0.08 per share. This compares with pro forma operating income of $1.5 million, or $0.03 per share, for the fourth quarter of 2004.
Under generally accepted accounting principles (GAAP), net income for the fourth quarter of 2005 was $1.4 million, or $0.03 per share, compared with a net loss of $2.8 million, or $0.06 per share, for the fourth quarter of 2004.
For the year ended December 31, 2005, revenue was $139.8 million, an increase of 64% from the $85.3 million reported for the year ended December 31, 2004. Pro forma operating income for 2005 was $9.9 million, or $0.20 per share, an increase of more than 300% over the pro forma operating income of $2.4 million, or $0.06 per share, in the prior year. GAAP net income for 2005 was $0.0 million, or $0.00 per share, compared with a GAAP net loss of $3.5 million, or $0.10 per share, in 2004.
2005 was a breakthrough year for 24/7 Real Media, said David J. Moore, chairman and chief executive officer of 24/7 Real Media. We executed on a number of key strategic objectives during the year, in particular the launch of our Japanese operations with Dentsu Inc., the largest
The following information was filed by 247 Real Media Inc on Thursday, March 2, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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