Travelzoo Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 26, 2012 at 01:00 pm
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Travelzoo Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenues of $35,156,000, operating income of $8,175,000, income before income taxes of $8,372,000, and net income of $6,428,000 or $0.40 basic and diluted per share compared to revenues of $28,468,000, operating income of $6,712,000, income before income taxes of $6,738,000, and net income of $3,787,000 or $0.23 basic and diluted per share for the same period a year ago. Net cash provided by operating activities were $7,078,000 and purchases of property and equipment was $558,000 against net cash provided by operating activities of $8,828,000 and purchases of property and equipment of $138,000 for the same period a year ago.
For the year, the company reported revenues of $148,342,000, operating income of $15,022,000, income before income taxes of $15,324,000, and net income of $3,319,000 or $0.20 basic and diluted per share compared to revenues of $112,784,000, operating income of $23,512,000, income before income taxes of $23,481,000, and net income of $13,157,000 or $0.80 basic and diluted per share for the same period a year ago. Net cash provided by operating activities were $15,631,000 and purchases of property and equipment was $2,460,000 against net cash provided by operating activities of $23,925,000 and purchases of property and equipment of $1,279,000 for the same period a year ago. Non-GAAP operating income was $35 million. Overall increase in operating income resulted in an almost 3 point increase in operating margin.
Travelzoo is a global Internet media company, which is engaged in offering travel, entertainment, and lifestyle experiences. The Company operates through four segments: Travelzoo North America, Travelzoo Europe, Jackâs Flight Club, and New Initiatives. Its Travelzoo North America segment consists of its operations in Canada and the United States. Its Travelzoo Europe segment consists of its operations in France, Germany, Spain, and the United Kingdom. Its Jackâs Flight Club segment consists of subscription revenue from members to access and receive flight deals via email or mobile applications. Its New Initiatives segment consists of its licensing activities in certain Asia Pacific territories, the Travelzoo META subscription service and Metaverse Travel Experiences, LLC (MTE). Its products and services are the Travelzoo Website (travelzoo.com), the Travelzoo iPhone and Android apps, the Top 20 email newsletter, the Travelzoo Network, and Jack's Flight Club.