Spark Networks, Inc. provides online personal services in the United States and internationally. It operates in four segments: Jewish Networks, Christian Networks, Other Networks, and Offline & Other Businesses. The company creates communities that help individuals to form life-long relationships with others who share their interests and values. Its primary properties include JDate.com and ChristianMingle.com, which are communities for the singles of Jewish and Christian faiths. The company, through its Websites and mobile applications, helps members search for and communicate with other like-minded individuals. Its online solutions provide users with services, such as searching for compatib...
11150 Santa Monica Boulevard
Los Angeles, CA 90025
Founded in 2007
Spark Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Impairment of Intangible and Long-Lived Assets for the Second Quarter Ended June 30, 2017
Aug 7 17
Spark Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of $6,640,000 against $9,098,000 a year ago. Net loss was $2,519,000 or $0.08 per basic and diluted share against income of $329,000 or $0.01 per basic and diluted share a year ago. Operating loss was $2,769,000 compared to $140,000 a year ago. Loss before income tax benefit was $2,658,000 compared to $254,000 a year ago. Adjusted EBITDA was $1,159,000 against $1,442,000 a year ago.
For the six months, the company reported revenue of $13,904,000 against $18,957,000 a year ago. Net loss was $4,644,000 or $0.14 per basic and diluted share against $3,079,000 or $0.12 per basic and diluted share a year ago. Operating loss was $5,078,000 compared to $3,622,000 a year ago. Loss before income tax benefit was $4,736,000 compared to $3,595,000 a year ago. Adjusted EBITDA was $1,290,000 compared to adjusted LBITDA of $824,000 a year ago.
For the quarter, the company reported impairment of intangible and long-lived assets of $15,000 compared to $52,000 a year ago.
Spark Networks Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Reports Impairment of Long-Lived Assets for the First Quarter of 2017; Provides Earnings Guidance for the Full Year 2018
May 3 17
Spark Networks announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $7,264,000 against $9,859,000 a year ago. The year over year and sequential decreases in Revenues were primarily driven by a decrease in average paying subscribers, reflecting reduced direct marketing investment in the Jewish and Christian Networks. These decreases were partially offset by year over year and sequential increases in ARPU of 14% and 9%, respectively. Operating loss was $2,309,000 against $3,482,000 a year ago. Loss before provision for income taxes was $2,078,000 against $3,341,000 a year ago. Net loss was $2,125,000 or $0.07 per basic and diluted share against $3,408,000 or $0.13 per basic and diluted share a year ago. Adjusted EBITDA was $0.131 million compared to adjusted LBITDA of $2.3 million a year ago. The sequential Adjusted EBITDA decline from the prior quarter was partially driven by a $475,000 legal accrual for the settlement of an ongoing legal matter. Cash provided by operating activities in the first quarter was $49,000.
For the quarter, the company reported impairment of long-lived assets of $9,000 against $39,000 a year ago.
For the year 2018, the company expects to be in position to deliver between $118 million to $122 million in revenue and between $18 million and $22 million in adjusted EBITDA by 2018, driven by incremental revenue growth and identified cost-savings opportunities.
Affinitas GmbH, Spark Networks, Inc. - M&A Call
May 2 17
To discuss the agreement and plan of merger between Spark Networks, Inc. and Affinitas GmbH