Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CNN interview with WEBM CEO Alan Meckler today:
http://money.cnn.com/video/news/2010/05/20/n_meckler_interview.cnnmoney/
some nice blocks were smacking the ask today 16k block at .99
Yes, I am still going to hold. The current quarter should be a really good one for the company. The company is lean with a lot of growth ahead of it. They also have plenty of cash incase the economy should happen to tank again.
hey aqua u still going to hold WEBM? market is looking very shaky and the DOW futures are down a lot.
Does anyone know where the extra cash came from? They have more cash on hand in Q1 than they did in Q4 of last year.
I think the current quarter is going to be huge for WEBM. The job board is doing better than Q1 so far. Also, there are have have been quite a few tradeshows taking place this quarter. Would love to see a surprise Q2 profit for WEBM. I definitely think it could be possible IMO.
It could have been worse. Not much volume at all on the down day so it should turn around soon.
Ya, that was the problem! Oh well, i have a lot of patience (grin)
Losing
Ya, I am still grumpy about it, I am holding, but thought we would get a nice pop, but the market was red, so it was not to be. Soon I hope!
Losing
technology sector got hit today too..
1.00 held, good for an ugly market day
nice~~ grabbed 3k at 1.10
Congrats to everyone here. You guys deserve it
Financials. =)
WebMediaBrands Inc. Reports Results For Its First Quarter Ended March 31, 2010
WebMediaBrands Inc. (Nasdaq: WEBM) today reported results for the quarter ended March 31, 2010.
Revenues for the first quarter of 2010 were $1.9 million compared to revenues of $1.5 million for the same period in 2009. Operating expenses for the first quarter of 2010 were $3.6 million compared to $8.6 million for the same period in 2009. Loss from continuing operations was $1.9 million during the first quarter of 2010 compared to $14.7 million during the same period in 2009.
“Revenues continued to show growth during the first quarter and were up 24% compared to the first quarter of 2009. Revenues from our online advertising sales and job board operations were up 142% and 63%, respectively, compared to the first quarter of 2009,” stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. "We have been developing blog content dealing with social media, social networks and social gaming and have made investments in our events business over the past several quarters. We expect the benefits of these investments to be apparent in future quarters,” added Meckler.
In February 2009, WebMediaBrands completed the sale of its online images business to Getty Images, Inc. Prior year financial results have been presented to include the WebMediaBrands’s online images business as a discontinued operation for the periods presented.
In November 2009, WebMediaBrands completed the sale of the assets related to its Internet.com business to QuinStreet, Inc. Prior year financial results have been presented to include WebMediaBrands’s Internet.com business as a discontinued operation for the periods presented.
WebMediaBrands Inc. 1st Quarter 2010 Financial Results Conference Call Alert
WebMediaBrands Inc. invites you to participate in its conference call reviewing 2010 first quarter results on Thursday, May 13, 2010 at 11:00 am EDT.
The conference call number is 877-675-4749 begin_of_the_skype_highlighting 877-675-4749 end_of_the_skype_highlighting for domestic participants and 719-325-4838 begin_of_the_skype_highlighting 719-325-4838 end_of_the_skype_highlighting for international participants; confirmation code "5683457." Please call five minutes in advance to ensure that you are connected prior to the presentation. The conference call replay will be available until Wednesday, May 27, 2010. Replay call numbers are 888-203-1112 begin_of_the_skype_highlighting 888-203-1112 end_of_the_skype_highlighting for domestic participants and 719-457-0820 begin_of_the_skype_highlighting 719-457-0820 end_of_the_skype_highlighting for international participants; confirmation code: "5683457."
WebMediaBrands Inc.
Unaudited Consolidated Condensed Statements of Operations
For the Three Months Ended March 31, 2009 and 2010
(in thousands, except per share amounts)
Three Months EndedMarch 31, 2009 2010 Revenues $ 1,541 $ 1,904 Cost of revenues 1,237 1,298 Advertising, promotion and selling 604 529 General and administrative 5,274 1,642 Depreciation 180 128 Amortization 119 11 Impairment 662 — Restructuring charge 567 — Total operating expenses 8,643 3,608 Operating loss from continuing operations (7,102 ) (1,704 ) Other income, net 106 8 Interest income 1 17 Interest expense (1,307 ) (230 ) Loss on extinguishment of debt (2,119 ) — Loss on fair value of interest rate swap (7,170 ) — Loss from continuing operations before income taxes (17,591 ) (1,909 ) Provision (benefit) for income taxes (2,875 ) 3
Loss from continuing operations (14,716 ) (1,912 ) Loss from discontinued operations, net of tax (974 ) — Gain (loss) on sale of discontinued operations 7,021 (6 ) Net loss $ (8,669 ) $ (1,918 ) Income (loss) per share: Basic Loss from continuing operations $ (0.41 ) $ (0.05 ) Income from discontinued operations 0.17 — Net loss $ (0.24 ) $ (0.05 ) Diluted Loss from continuing operations $ (0.41 ) $ (0.05 ) Income from discontinued operations 0.17 — Net loss $ (0.24 ) $ (0.05 ) Shares used in computing income (loss) per share: Basic 35,969 37,185 Diluted 35,969 37,185
WebMediaBrands Inc.
Consolidated Condensed Balance Sheets
December 31, 2009 and March 31, 2010
(in thousands, except share and per share amounts)
December 31,2009 March 31,2010 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 15,012 $ 13,550 Accounts receivable, net of allowances of $90 and $78, respectively 500 682 Income taxes receivable 2,379 2,301 Prepaid expenses and other current assets 500 410 Total current assets 18,391 16,943 Property and equipment, net 1,086 978 Intangible assets, net 990 1,073 Goodwill 9,495 9,500 Investments and other assets 1,051 1,032 Assets held for sale 2,000 2,000
Total assets $ 33,013 $ 31,526 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 566 $ 391 Accrued payroll and related expenses 811 657 Accrued expenses and other current liabilities 2,516 2,839 Deferred revenues 955 1,219 Total current liabilities 4,848 5,106 Loan from related party 6,197 6,197 Deferred revenues 92 89 Deferred income taxes 1,122 1,124 Other long-term liabilities 586 586 Total liabilities 12,845 13,102 Commitments and contingencies Stockholders’ equity: Preferred stock, $.01 par value, 4,000,000 shares authorized, no shares issued — — Common stock, $.01 par value, 75,000,000 shares authorized, 37,060,723 and 37,416,261 shares issued at December 31, 2009 and March 31, 2010, respectively 371 374 Additional paid-in capital 280,556 280,726 Accumulated deficit (260,680 ) (262,598 ) Treasury stock, 65,000 shares, at cost (106 ) (106 ) Accumulated other comprehensive income 27 28 Total stockholders’ equity 20,168 18,424 Total liabilities and stockholders’ equity $ 33,013 $ 31,526
WebMediaBrands Inc.
Unaudited Consolidated Condensed Statements of Cash Flows
For the Three Months Ended March 31, 2009 and 2010 (in thousands)
Three Months Ended
March 31,
2009 2010 Cash flows from operating activities: Net loss $ (8,669 ) $ (1,918 ) Less: Loss from discontinued operations, net of tax (974 ) — Less: Gain (loss) on sale of discontinued operations 7,021 (6 ) Loss from continuing operations (14,716 ) (1,912 ) Adjustments to reconcile net loss to net cash provided by operating activities: Loss on fair value of swap 7,170 — Impairment 662 — Depreciation and amortization 299 139 Stock-based compensation 1,874 45 Other income, net (155 ) — Amortization of debt issue costs — 34 Loss on extinguishment of debt 2,119 — Deferred income taxes (2,894 ) 2 Changes in current assets and liabilities (net of businesses acquired): Accounts receivable, net (69 ) (180 ) Prepaid expenses and other assets 752 152 Accounts payable and accrued expenses (209 ) (21 ) Deferred revenues (77 ) 260 Discontinued operations (41 ) (5 ) Net cash used in operating activities (5,285 ) (1,486 ) Cash flows from investing activities: Purchases of property and equipment (7 ) (12 ) Acquisitions of assets and other (42 ) (91 ) Proceeds from sale of discontinued operations 91,205 — Discontinued operations (259 ) — Net cash provided by (used in) investing activities 90,897 (103 ) Cash flows from financing activities: Debt issuance costs (161 ) — Repayment of borrowings under credit facilities (81,213 ) — Proceeds from exercise of stock options 3 128 Net cash provided by (used in) financing activities (81,371 ) 128 Effect of exchange rates on cash (65 ) (1 ) Net increase (decrease) in cash and cash equivalents 4,176 (1,462 ) Cash and cash equivalents, beginning of period 3,755 15,012 Cash and cash equivalents, end of period $ 7,931 $ 13,550
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM, www.webmediabrands.com) is an Internet media company that provides content, education, trade shows and online job board services to media and business professionals.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts are "forward-looking statements" under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example: general economic conditions; the competitive environment in which WebMediaBrands competes; and the unpredictability of WebMediaBrands’s future revenues, expenses, cash flows and stock prices. For a more detailed discussion of such risks and uncertainties, refer to WebMediaBrands’s reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and WebMediaBrands assumes no obligation to update the forward-looking statements after the date hereof, except as required by law.
All current WebMediaBrands press releases can be found online at www.webmediabrands.com/corporate/press.html
The "let'em down easy" trick? lol...
Normally a good sign to have the CC after the earnings if good, and before the CC when earnings are bad (historically)
Losing
Looking forward to WEBM results after the bell. I definitely know that revenue will be better than Q4. I find it odd that the CC will be tomorrow instead of today. I don't recall ever seeing the earnings release and CC on two different days before.
Its only going to get better from here for WEBM. 90% of all growth will go to the bottom line. I'm certain that Q1 will be quite a bit better than Q4. Looking forward to the CC on Thursday. I think WEBM will be a $6+ stock by the end of the year.
I added twice today. Looking for one more add before EOD. =)
WEBM is my table pounder, I still have confidence in it! Rebounded nicely from the market debockle of last week!
Losing
My guess is that the insiders are not afraid of earnings tomorrow. =) GLTA
Check this out fellas! The insiders are buying!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49700622
Losing
Wow did you see that! 1.3 million in volume just went through!
Someone has been picking up a lot of shares at the bid lately. Now there is 45,000 buy order in at 1.00
WEBM 1.10 Looks like my biggest holding is about to break out here.
Interesting tweet by Alan yesterday. I wonder what they will be launching soon?
12:14 - Alan Meckler tweeted, "We are close to launching another media property outside of Mediabistro that uses the Mediabistro infrastructure and platform."
What an interesting last 15 minutes of trading! Low of .86 and high of 1.19
WEBM 1.03 x 1.05 close to breaking out IMO.
couldn't quite say right now. i just like how the business as a whole is moving. it's lean and mean, with much more money going to the bottom line than before.
just tweeted:
We hope to announce another acquisition in about two to three weeks.
about 2 hours ago via TweetDeck
Alan Meckler
We hope to announce another acquisition in about two to three weeks.
— Alan Meckler (@alanmeckler) March 4, 2010
Getting ready to put in a buy order for 22k shares at 1.02 I wonder how many I will get? :)
WEBM should not be trading below a dollar IMO. It sounds like the trade shows might be profitable. I also like how well the mediabistro job board has been performing lately too. Do you know how well the online education part of the company is doing?
Looks like WEBM is going to be Nasdaq compliant again after today since it looks like we are going to close above $1.00 again.
Nice close on Friday. There was lots of buying right before the close. Should be Nasdaq compliant again in just a couple more trading days which will be good for the company.
independent of this stock, i think that is just good management of your position. speaking for myself, i just don't see the reason to completely square my position when the company is finally executing from a position of strength. that being stated, i could never fault someone for squaring a position after a considerable gain like you've experienced.
So I went ahead and took 30k shares off the table yesterday between 1.35 and 1.37 per share. If it somehow runs to $2 fairly quick for some reason then I will probably take another 50k shares off but I feel the need to try and keep a 100k position for some reason.
if your average price is .43, then you can probably guess what my response will be. you're riding a bunch of free shares right now. you can sell enough to cover your principal and perhaps a little more to secure a modest profit. you could then let the rest ride for awhile.
on a pure technical basis, i see a lot of air until 6. that may take at least a year, though. i really don't know. as i stated before, webm doesn't exist in a vacuum. this is still a turbulent time for our economy.
of course i must throw in this:
webm is well-positioned. the stock will fluctuate. it will likely fluctuate wildly. nonetheless, meckler has pared down the company to something manageable with a lot of upside. if the economy continues to strengthen, those trade shows will be worth a pretty penny.
Looks like we had a nice close here today! It might seem kind of weird to say but I'm actually kind of afraid to sell right now. I have missed out on a lot of good gains in the past by selling too early. I think WEBM has a lot of potential if the economy doesn't tank again. My average price is .43 per share. Hopefully we keep trading above $1 for a couple weeks so that we can regain compliance with the Nasdaq.
did today pique your interest? lol.
i could never tell you whether you should sell or buy. the primary reason is, as we all learned, that the broader market could take another hit and drag all stocks down like it did just over a year ago. all i can say is that i like where the company is now and that it's positioned for growth. as long as we don't see a double-dip recession sparked by what is currently unseen, i think webmediabrands will have a nice year.
what is your average share price?
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
674
|
Created
|
10/19/08
|
Type
|
Free
|
Moderators |
WebMediaBrands
About WebMediaBrands Inc.
WebMediaBrands (www.webmediabrands.com), headquartered in New York, NY, is a leading blog network which provides content, education, jobs, and events for business, media, and creative professionals. The company's brands include mediabistro.com, LearnNetwork, Graphics.com, AdsoftheWorld.com, BrandsoftheWorld.com, SocialTimes.com, AllFacebook.com, Freelance Connect, Semantic Web, and others.
weblogs.jupitermedia.com/meckler/
Interviews with CEO Alan Meckler:
http://www.youtube.com/watch?v=MXdLJ6Mv4Go
http://www.youtube.com/watch?v=LUcB-TLLg40
http://www.youtube.com/watch?v=YN0gxkh3Vg8
www.centernetworks.com/alan-meckler-keynote
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |