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May 24, 2015 1:37 PM ET

Internet Software and Services

Company Overview of Spark Networks, Inc.

Company Overview

Spark Networks, Inc. provides online personals services in the United States and internationally. It operates in four segments: Jewish Networks, Christian Networks, Other Networks, and Offline and Other Businesses. The company creates iconic, niche-focused brands and communities that help individuals make life-long relationships with others that share their interests and values. Its primary properties include ChristianMingle.com and JDate.com, which are communities geared towards singles of the Christian and Jewish faiths. The company, through its Websites and mobile applications, helps members search for and communicate with other like-minded individuals. Its online singles properties provi...

11150 Santa Monica Boulevard

Suite 600

Los Angeles, CA 90025

United States

Founded in 2007

134 Employees

Phone:

310-893-0550

Fax:

866-945-5209

Key Executives for Spark Networks, Inc.

Chief Information Officer
Age: 50
Total Annual Compensation: $260.4K
Compensation as of Fiscal Year 2014.

Spark Networks, Inc. Key Developments

Spark Networks, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for the First Quarter Ended March 31, 2015

Spark Networks, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. Net income in the first quarter of 2015 was $723,000, or $0.03 per basic and diluted share, compared to a net loss of $2.9 million, or $0.12 per basic and diluted share, in the year ago period and net income of $3.9 million, or $0.16 per share, in the prior quarter. Adjusted EBITDA in the first quarter of 2015 was $1.8 million compared to a loss of $2.1 million in the year ago period and income of $4.1 million in the prior quarter. Revenue was $13,486,000 compared to $16,616,000 a year ago. Operating income was $926,000 compared to loss of $2,782,000 a year ago. Income before income taxes was $808,000 compared to loss of $2,813,000 a year ago. The year over year decrease in revenue was primarily driven by a 25% decrease in average paying subscribers, reflecting a 31% and 13% decrease in average paying subscribers for the Christian and Jewish Networks segments, respectively. The sequential decrease was primarily driven by a 7% and 5% decrease in average paying subscribers for the Christian and Jewish Networks segments, respectively. As of March 31, 2015, the company had no outstanding debt. Impairment of goodwill, long-lived assets and other assets for the first quarter ended March 31, 2015 was $69,000.

Spark Networks, Inc. to Report Q1, 2015 Results on May 06, 2015

Spark Networks, Inc. announced that they will report Q1, 2015 results After-Market on May 06, 2015

Spark Networks, Inc., Q1 2015 Earnings Call, May 06, 2015

Spark Networks, Inc., Q1 2015 Earnings Call, May 06, 2015

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