Business
LiveWorld Reports 84% Year-Over-Year Growth and Record Profits in 2005
LiveWorld Reports 84% Year-Over-Year Growth and Record Profits in 2005.
About this update from Liveworld, Inc.
[{"type":"text","content":"Los Gatos, Calif., February 14, 2006 - LiveWorld, Inc. (LVWD.PK), a leading online community agency, today reported 84% year-over-year revenue growth and record profits for the year ending December 31, 2005. \r\n\r\n\"Online community was established as a major marketing venue for leading brands in 2005 and LiveWorld gained significant momentum as a leader in this rapidly growing sector,\" said Peter Friedman, LiveWorld's Chairman and CEO. \"During the year we added important new customers, expanded our revenue, and demonstrated leverage and strength in our business model, as reflected in our profit and cash flow results. Going forward we see numerous growth opportunities and intend to continue investing to grow our business.\"\r\n\r\nRevenue: Revenues for fiscal year 2005 were $9,652,447, representing 84% growth over fiscal year 2004 revenues of $5,235,181. Fourth quarter 2005 revenues were $2,472,754, representing 57% year-over-year growth compared to fourth quarter 2004 revenues of $1,572,219, and approximately flat compared to third quarter 2005 revenues of $2,513,187, following typical seasonal patterns. \r\n\r\nNet Income Excluding the Impact of Stock Option Expense: Net income for fiscal year 2005, excluding stock option expense, was $1,263,527, or $0.047 per share, representing 311% growth over fiscal year 2004 net income, excluding stock option expense, of $307,603, or $0.01 per share. Net income in fiscal year 2005 benefited from a one-time legal settlement net impact of approximately $227,000 in the first quarter of 2005. \r\n\r\nFourth quarter 2005 net income, excluding stock option expense, was $183,809, representing approximately an 11% increase compared to fourth quarter 2004 net income, excluding stock option expense, of $165,567, and a 22% decrease compared to third quarter 2005 net income, excluding stock option expense, of $221,878. \r\n\r\nNet Income Including the Impact of Stock Option Expense: Net income for fiscal year 2005, including stock option expense, was $750,621, or $0.028 per share, representing a $1,213,158 increase compared to a fiscal year 2004 net loss, including stock option expense, of ($462,537), or ($0.017) per share. Net income in fiscal year 2005 benefited from a one-time legal settlement net impact of approximately $227,000 in the first quarter of 2005. \r\n \r\nFourth quarter 2005 net i...