Vocus, Inc., a Lanham-based provider of on-demand software for public relations management, announced financial results for the fourth quarter and full year ended December 31, 2009.
“I’m extremely pleased with the results for the fourth quarter, especially given the continued challenges in the current economy,” said Rick Rudman, president and CEO of Vocus, Inc. “Of particular note is the record number of new customers that we added in the quarter which we believe best underscores the large and untapped market opportunity we are pursuing.”
Financial Highlights:
Fourth Quarter:
- Revenues were $22.0 million for the fourth quarter of 2009, a 7% increase over the same period last year;
- GAAP loss from operations was $(308,000) for the fourth quarter of 2009 compared to income from operations of $663,000 for the same period last year. GAAP net loss was $(821,000), or $(0.05) per diluted share, for the fourth quarter of 2009 compared to net income of $1.4 million, or $0.08 per diluted share, for the same period last year;
- Non-GAAP income from operations was $3.4 million for the fourth quarter of 2009 compared to $4.0 million for the same period last year. Non-GAAP net income was $2.9 million, or $0.15 per diluted share, for the fourth quarter of 2009 compared to $4.5 million, or $0.23 per diluted share, for the same period last year. See Other Supplemental Information for further discussion of non-GAAP measures.
Full Year 2009:
- Revenues were $84.6 million for the full year 2009, a 9% increase over the same period last year;
- GAAP income from operations was $376,000 for the full year 2009 compared to a loss from operations of $(300,000) for the same period last year. GAAP net loss was $(2.0) million, or $(0.11) per diluted share, for the full year 2009 compared to net income of $6.9 million, or $0.37 per diluted share, for the same period last year. The results for the full year 2008 include the reversal of a portion of the valuation allowance against deferred tax assets totaling $5.2 million, or $0.27 per diluted share;
- Non-GAAP income from operations was $15.1 million for the full year 2009 compared to $13.5 million for the same period last year. Non-GAAP net income was $12.7 million, or $0.65 per diluted share, for the full year 2009 compared to $15.6 million, or $0.78 per diluted share, for the same period last year. See Other Supplemental Information for further discussion of non-GAAP measures.
Complete release including financial tables is available online:
http://bit.ly/do1oTS