interCLICK, Inc. (fka INRK)

[di4]

interCLICK, Inc. Increases 2009 Business Outlook
Company Raises Full-year Revenue Forecast For Revenue to Grow 80%, Exceeding $40 Million
Jun 4, 2009 8:00:00 AM
Copyright Business Wire 2009


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View Additional ProfilesNEW YORK--(BUSINESS WIRE)-- interCLICK, Inc. (the "Company") (OTCBB: ICLK), a leading behavioral targeting company, announced today that it increased its 2009 revenue forecast for the second time this year. The Company now expects revenue to be over $40 million, which would represent an increase of at least 80% compared to 2008 revenue of $22.4 million. Previously, the Company expected 2009 full-year revenue to exceed $36 million, which would represent 60% year-over-year revenue growth. interCLICK increased its forecast due to strong demand from advertisers shifting budget towards ROI centric solutions. Gross margin is expected to be at or above the first quarter 2009 level of 47%.

"We continue to experience strong demand from advertisers seeking cost-effective ways to acquire customers at scale," said Michael Mathews, interCLICK's Chief Executive Officer. "Our ability to deliver compelling results, utilizing our proprietary technology and process platform, positions us for strong growth as advertisers continue to shift marketing dollars to companies that deliver the strongest return on investment."

Recently, the Company reported record 2009 first quarter revenue of $8.4 million. Net income of $0.03 million in the 2009 first quarter was the first profitable quarter for the Company.

About interCLICK

interCLICK, Inc. operates the interCLICK Network, an online advertising platform that combines advanced behavioral targeting with complete data and inventory transparency, allowing advertisers to identify and track their desired audience on an unprecedented level. interCLICK offers advanced proprietary demographic, behavioral, contextual, geographic and retargeting technologies across a network of name brand publishers to ensure the right message is delivered to a precise audience in a brand friendly environment. For more information about the interCLICK Network, visit http://www.interclick.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including its 2009 revenue forecast and gross margin for 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets. Further information on interCLICK's risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K filed on March 31, 2009. interCLICK does not undertake any duty nor does it intend to update the results of these forward-looking statements.



Source: interCLICK, Inc.


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interCLICK
Inc.
Michael Mathews
CEO
646-558-1224
or
CEOcast
Inc. for interCLICK
Dan Schustack
212-732-4300