ValueClick Up 5% After Reporting Positive Earnings
Shares of ValueClick (NASDAQ: VCLK) are up nearly 5% after the company reported positive earnings.
Highlights from the fourth quarter of 2011 results include: Revenue of $182.6 million, up 42 percent from the fourth quarter of 2010 (Q4 2010); Adjusted-EBITDA of $62.7 million, up 50 percent from Q4 2010; Adjusted-EBITDA margin of 34.3 percent versus 32.5 percent in Q4 2010; Income from operations of $45.6 million, up 39% from Q4 2010; Non-GAAP net income2 of $0.47 per diluted share versus $0.31 in Q4 2010; and GAAP net income of $0.35 per diluted share versus $0.26 in Q4 2010. The consolidated balance sheet as of December 31, 2011 included approximately $117 million in cash and cash equivalents, and $167.5 million in total debt associated with the August 31 acquisition of Dotomi and subsequent share repurchases.
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