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ZipRealty Expects Full Year 2012 Net Revenues to be in $73M to $74M Range

ZipRealty (NASDAQ: ZIPR) today announced that, based upon preliminary information, it expects to achieve positive Adjusted EBITDA for the full year 2012, marking a financial turning point for the company. "We expect to fulfill our commitment to generate positive Adjusted EBITDA in 2012, while strengthening ZipRealty's core assets and positioning the company for strong growth in the years to come," said Lanny Baker, Chief Executive Officer and President. "Our redesigned website and mobile apps are winning rave reviews, and major upgrades to our agent platform are generating similar amounts of excitement. As this new phase of product innovation starts to differentiate ZipRealty, we are extremely pleased to have achieved year to year growth in net transaction revenue in the fourth quarter on a same market basis, reversing negative comparisons in prior quarters." Summary of Preliminary 2012 Financial Results (Unaudited): Full year net revenues are expected to be in the range of $73 million to $74 million.  Full year Adjusted EBITDA is expected

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Posted-In: Earnings News Guidance Management

 

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