Pam Parker's Clickz article, FindWhat Blames Low Growth on Quality Control, takes a look at FindWhat's recently announced Q4 2004 numbers and their expectations for 2005.
The company posted net income of $4.7 million for Q4 on revenues of $58.7 million, resulting in per-share profit of $0.15. Full-year revenues came in at $169.5 million, for a profit of $17 million, or $0.60 a share.
We intentionally removed during Q4 certain traffic sources that would have generated $70,000 of revenue per day," said Craig Pisaris-Henderson, chairman and CEO of FindWhat.com. "Our focus is to deliver traffic that converts."
As I post this item (11:15 AM), shares of FindWhat are currently trading down 21% at $10.56.
The Original Search Marketing Event is Back!
SES Denver (Oct 16) offers an intense day of learning all the critical aspects of search engine optimization (SEO) and paid search advertising (PPC). The mission of SES remains the same as it did from the start - to help you master being found on search engines. Register today!