NEW YORK, April 22, 2021 — Travelzoo® (NASDAQ: TZOO):
•Consolidated revenue of $14.3 million, down 30% year-over-year and up 14% quarter- over-quarter
•Non-GAAP consolidated operating profit of $0.6 million
•Earnings per share (EPS) of ($0.14) attributable to Travelzoo from continuing operations
•Cash flow from operations of $9.1 million
Travelzoo, a global Internet media company that publishes exclusive offers and experiences for members, today announced financial results for the first quarter ended March 31, 2021.
Consolidated revenue was $14.3 million, down 30% from $20.3 million year-over-year and up 14% from $12.5 million in the prior quarter. Reported revenue excludes revenue from discontinued operations in Asia Pacific. Travelzoo's reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members.
The reported net loss attributable to Travelzoo from continuing operations was $1.6 million for Q1 2021. At the consolidated level, including minority interests, the reported net loss from continuing operations was $1.7 million. EPS from continuing operations was ($0.14), compared to ($0.32) in the prior-year period.
Non-GAAP operating profit was $0.6 million. The calculation of non-GAAP operating profit excludes amortization of intangibles ($0.3 million), stock option expenses ($0.9 million), and severance-related expenses ($0.2 million). See section “Non-GAAP Financial Measures” below.
The following information was filed by Travelzoo (TZOO) on Thursday, April 22, 2021 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.
View differences made from one quarter to another to evaluate Travelzoo's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Travelzoo.
Ticker: TZOO CIK: 1133311 Form Type:10-Q Quarterly Report Accession Number: 0001133311-21-000022 Submitted to the SEC: Fri May 07 2021 4:42:10 PM EST Accepted by the SEC: Fri May 07 2021 Period: Wednesday, March 31, 2021 Industry: Computer Integrated Systems Design