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Last $3.16 USD
Change Today -0.07 / -2.17%
Volume 7.4K
LOV On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 1:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

spark networks inc (LOV) Snapshot

Open
$3.24
Previous Close
$3.23
Day High
$3.25
Day Low
$3.16
52 Week High
09/8/14 - $5.40
52 Week Low
08/6/15 - $2.79
Market Cap
79.5M
Average Volume 10 Days
31.6K
EPS TTM
$0.19
Shares Outstanding
25.2M
EX-Date
--
P/E TM
16.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for SPARK NETWORKS INC (LOV)

spark networks inc (LOV) Related Businessweek News

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spark networks inc (LOV) Details

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 provide users with services, such as searching for compatible individuals with whom to potentially form long-term relationships; validating compatibility through profiles, viewing photographs, and understanding likes and characteristics; and communicating through a communications platform designed to foster relationships. The company’s Websites offer various features that include posting of a personal profile and photos, onsite email, hotlists and favorites, message boards, real-time chat rooms, instant messaging services, ice breakers, and Click!; and are available in English, Hebrew, and French languages. It also operates four different media properties primarily focused on serving the Christian community. As of December 31, 2014, it had 261,734 average paying subscribers. The company was incorporated in 2007 and is headquartered in Los Angeles, California.

134 Employees
Last Reported Date: 03/16/15
Founded in 2007

spark networks inc (LOV) Top Compensated Officers

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

spark networks inc (LOV) Key Developments

Spark Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment of Long-Lived Assets for the Second Quarter Ended June 30, 2015

Spark Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $12,262,000 against $15,757,000 a year ago. Operating loss was $157,000 against $1,043,000 a year ago. Income before income taxes was $73,000 against loss before income taxes of $995,000 a year ago. Net loss was $95,000 or $0.00 per basic and diluted share against $1,135,000 or $0.05 per basic and diluted share a year ago. EBITDA was $567,000 against LBITDA of $450,000 a year ago. Adjusted EBITDA was $621,000 against $1,061,000 a year ago. Revenue in the quarter decrease of 22% compared to the year ago period, and a 9% decrease from the prior quarter. The year over year and sequential decrease was primarily driven by a decrease in average paying subscribers. The sequential decrease was primarily driven by decreases in average paying subscribers for the Christian and Jewish Networks segments and $194,000 of Christian Networks invoiced but un-recognized advertising revenue related to a single delinquent customer, Beanstock Media. The amount is not under dispute, and the Company intends to pursue collection. In addition to the $194,000 of invoiced but un-recognized Beanstock revenue, the company also took a reserve against $94,000 of Beanstock revenue that was previously recognized in the first quarter of 2015. For the six months, the company reported revenue of $25,748,000 against $32,373,000 a year ago. Operating income was $769,000 against operating loss of $3,825,000 a year ago. Income before income taxes was $881,000 against loss before income taxes of $3,808,000 a year ago. Net income was $628,000 or $0.03 per basic and diluted share against net loss of $4,027,000 or $0.17 per basic and diluted share a year ago. EBITDA was $1,910,000 against LBITDA of $2,724,000 a year ago. Adjusted EBITDA was $2,378,000 against adjusted LBITDA of $1,015,000 a year ago. For the second quarter, the company reported impairment of long-lived assets of $37,000.

Spark Networks Mulls Acquisitions

Spark Networks, Inc. (AMEX:LOV) is reportedly seeking acquisitions. Michael Egan, Chief Executive Officer of Spark Networks said, “Finally, over the last year, we have been approached by various parties to consider acquisition opportunities that take advantage of our brands, strengthening platform, and core competencies. Given the stabilization of our business, we are now positioned to explore these opportunities and will update investors as appropriate.”

Spark Networks, Inc., Q2 2015 Earnings Call, Aug 05, 2015

Spark Networks, Inc., Q2 2015 Earnings Call, Aug 05, 2015

 

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Industry Analysis

LOV

Industry Average

Valuation LOV Industry Range
Price/Earnings 22.0x
Price/Sales 1.4x
Price/Book 4.3x
Price/Cash Flow 14.0x
TEV/Sales 1.2x
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