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Adam Inc (863650) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Adam Inc

CIK: 863650

Exhibit 99.1

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Media Contact:

Erica Ryan

Sr. Marketing Communications Manager

A.D.A.M., Inc.

(404) 604-2757

marketing@adamcorp.com

Investor Relations Contact:

Lippert/Heilshorn & Associates

(212) 838-3777

investorrelations@adamcorp.com

A.D.A.M., Inc. Announces Fourth Quarter and Year-End 2009 Financial Results

Fourth Quarter license revenues increase 5%;

2009 Adjusted operating income of 20%

ATLANTA - March 16, 2010 - A.D.A.M., Inc. (Nasdaq: ADAM), a leading provider of health information and benefit technology solutions, today announced its financial results for the fourth quarter ended December 31, 2009.

Highlights

 

   

License revenues for the fourth quarter of 2009 were $6.7 million, up 5% over fourth quarter of 2008 due to increased health solutions license revenues.

 

   

Adjusted operating income margin for the fourth quarter of 2009 was 22% of revenues, and raised the 2009 full year ratio to 20%.

 

   

Adjusted net income was a $1.6 million profit for the fourth quarter of 2009, GAAP net income was a loss of $1.1 million, which included charges for a deferred tax asset write-down and severance costs.

 

   

Adjusted EBITDA was $2.3 million for the fourth quarter of 2009, up 15% from fourth quarter of 2008.

“In the fourth quarter, we generated a 15% increase in cash flow compared to 2008 and an operating margin of 22%,” said Mark Adams, president and chief executive officer of A.D.A.M., Inc. “Our results demonstrate the multiple strengths of A.D.A.M.’s business model: high recurring revenues, multiple year contracts, high customer retention rates, and strong cash generation. Our priorities in 2010 include expanding our product offerings, enhancing client service delivery, improving product development processes, and sharpening our focus on execution. These and other steps over time will lead to revenue growth in both businesses and allow us to further leverage our highly scalable business model.”


The following information was filed by Adam Inc on Tuesday, March 16, 2010 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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SEC Filing Tools
CIK: 863650
Form Type: 10-K Annual Report
Accession Number: 0001193125-10-060497
Submitted to the SEC: Thu Mar 18 2010 3:22:00 PM EST
Accepted by the SEC: Thu Mar 18 2010
Period: Thursday, December 31, 2009
Industry: Prepackaged Software

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