Business
Cyberplex Reports Record Fourth Quarter and 2008 Results
Earnings per share of 11 cents with a record 9th consecutive quarter of revenue growth TORONTO, M...
About this update from Eq Inc.
[{"type":"text","content":"\n\n\n\n Earnings per share of 11 cents with a record 9th consecutive quarter\n of revenue growth\n\n\nTORONTO, March 19 /CNW/ - Cyberplex Inc. (TSX:CX) a leader in online\nperformance-based advertising solutions, customer acquisition strategies and\ntechnology development, today announced its financial results for the fiscal\nyear-ended and fourth quarter-ended December 31, 2008. Total revenue for the\nyear was $57.3 million an increase of 225% over the $17.7 million reported for\n2007. Total revenue for the fourth quarter ended December 31, 2008 was $28.9\nmillion, an increase of 429% over the $5.5 million reported for fourth quarter\nof 2007. By all accounts, this has been the best quarter ever for the Company.\n\n\n2008 Operational Highlights\n\n - Performance-based Web Advertising division grew by over 300% to\n $52.2 million in revenue\n - Earnings before amortization, interest and income taxes for 2008\n were over $6.3 million\n - Cash, cash equivalents, and short-term investments net of bank\n indebtedness totaled $1.8 million as at December 31, 2008\n\n\nCyberplex has continued to thrive and deliver excellent results with its\nperformance-based advertising model, despite the difficult global economic\nconditions. As advertisers continue to look for online alternatives for their\nadvertising budgets, performance-based models are increasingly resonating with\ndirect marketers, online retailers and other advertisers focusing on customer\nacquisition strategies. Other operational highlights during the year include:\n\n\n - Selected to create and deliver online strategies for the Globe and\n Mail, one of Canada's leading brands\n - Launched industry-leading enhancements to the optimization,\n conversion and analytical features available to advertisers and\n affiliates in the CX Digital Media affiliate network\n - Strengthened the balance sheet by closing a $5.0 million private\n placement in February, 2008\n - Increased operating line with the Royal Bank from $5.0 million to\n $7.1 million in December, 2008\n - Ranked by Canadian Business Magazine as one of the Top 100\n Technology Companies in Canada\n\n\nResults for the Year Ended December 31, 2008\n\n\nAll unaudited amounts in this news release are in Canadian dollars unless\notherwise noted.\n\n\n- The Company generated revenue of $57.3 million, an increase of 225%\n com...