Adam Inc 10-Q Quarterly Report May 2010

ATLANTA - May 11, 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 first quarter ended March 31, 2010.

Highlights

•

License revenues for the first quarter of 2010 were $6.5 million, up 5% over the first quarter of 2009.

•

Adjusted operating income margin for the first quarter of 2010 was 18% of revenues.

•

Adjusted net income was a $1.2 million profit for the first quarter of 2010, GAAP net income was $1.0 million.

•

Adjusted EBITDA was $1.8 million for the first quarter of 2010, up 2% from the first quarter of 2009.

“Our first quarter results demonstrate the cash-generating strengths of our SaaS business model. First quarter license revenues grew 5%, driven by an 11% increase in Health Solutions license revenue, and we continued to deliver an Adjusted operating margin within our target range,” said Mark Adams, president and chief executive officer of A.D.A.M., Inc.

“During the quarter we made considerable progress toward our goal of positioning the company for higher revenue growth in 2011,” added Adams. “First, we established Health Solutions and Broker/Employer Services into separate business units. With dedicated customer service, marketing, and product strategy functions, we are now sharpening our operational execution in each unit to optimize the customer experience. Second, we executed on our product enhancement strategy, making available a beta offering of additional enrollment tools and preparing to introduce the Benergy Help Line, which extends the Benergy Communications Platform. And third, we built out our customer relations team, establishing a customer service framework and making several key hires.”

Adams concluded, “Throughout 2010, we will remain focused on making further operational improvements and enhancements in account management, marketing, client service delivery and product development across the organization. These initiatives will have a meaningful impact on the value we provide to our customers and helping them to achieve their business objectives.”

The following information was filed by Adam Inc on Tuesday, May 11, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/863650/000119312510118768/d10q.htm

View differences made from one quarter to another to evaluate Adam Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Adam Inc.

Continue

Assess how Adam Inc's management team is paid from their Annual Proxy

Adam Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

CIK: 863650
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-10-118768
Submitted to the SEC: Thu May 13 2010 2:17:59 PM EST
Accepted by the SEC: Thu May 13 2010
Period: Wednesday, March 31, 2010
Industry: Prepackaged Software