Top-News
Donnerstag,
07.04.2016 22:15
von
PR Newswire
| Aufrufe: 17
ID Watchdog Announces Fourth Quarter and Full Year 2015 Results and Updated Guidance for First Quarter 2016
Tageszeitungen (Symbolbild).
pixabay.com
PR Newswire
DENVER, April 7, 2016
DENVER, April 7, 2016 /PRNewswire/ --
- Employee Benefit revenues increased 136.9%
- Total revenues increased 50.1%
- Gross profit increased 41.4%
ID Watchdog, Inc. (TSX VENTURE: IDW) (PINKSHEETS: IDWAF) ("ID Watchdog" or the "Company"), provider of consumer-facing identity theft protection and resolution services, today announced its final results for the fourth quarter and year ended December 31, 2015. All amounts are in U.S. dollars.
4th Quarter 2015 Highlights:
- Revenue: Revenue totaled $1,424,021 for the fourth quarter of 2015, an increase of $475,185, or 50.1%, from the fourth quarter of 2014. During the fourth quarter of 2015, revenue from our employee benefit channel contributed $622,315 to the total increase in revenues, which was partially offset by a decrease in the other revenue channels.
- Gross Profit: Gross profit increased by $287,556, or 41.4%, from $694,130 during the fourth quarter of 2014 to $981,686 during the fourth quarter of 2015. The gross margin rates for the fourth quarter of 2015 and 2014 were 68.9% and 73.2%, respectively.
- Adjusted EBITDA: For the fourth quarter of 2015, Adjusted EBITDA decreased by $74,677 to $111,929 as compared with $186,606 for the similar period in 2014.
- Cash Balances: Cash and cash equivalents as of December 31, 2015, totaled $1,069,289, an increase of $182,813 from our cash balances at December 31, 2014.
Full Year 2015 Highlights:
- Revenue: Total revenue increased $1,898,087, or 54.7%, from $3,469,468 for the year ended December 31, 2014 to $5,367,555 for the year ended December 31, 2015. Revenue from our employee benefits channel contributed $2,243,931 to the total increase in revenues, which was partially offset by a decrease in the other revenue channels.
- Gross Profit: Gross profit increased by $1,390,558, or 56.1%, from $2,480,432 in 2014 to $3,870,990 in 2015. The gross margin rates for the 2015 and 2014 were 72.1% and 71.5%, respectively.
- Adjusted EBITDA: For 2015, Adjusted EBITDA improved by $180,753 to $644,508 as compared with $463,755 in 2014. The improvement in EBITDA is due primarily to a significant improvement in gross margin as noted above.
First Quarter 2016 Updated Guidance
| | Three Months | | Three Months Ending Guidance | | Change vs. 2015 |
| Employee Benefit Revenue | $882,754 | | $2,200,000 to $2,275,000 | | 150% to 158% |
| Total Revenue | $1,269,686 | | $2,550,000 to $2,650,000 | | 101% to 109% |
| Gross Margin | $922,037 | | $1,800,000 to $1,900,000 | | 95% to 106% |
| Operating Income | $137,783 | | $200,000 to $250,000 | | 45% to 81% |
| Adjusted EBITDA | $162,288 | | $230,000 to $280,000 | | 42% to 73% |
ID Watchdog CEO, Michael Greene, stated, "We are pleased to close out a very successful 2015, a year in which our Employee Benefit Channel revenues grew by over 137%, we delivered record Adjusted EBITDA of $644,508 and we are well positioned for continued strong growth in 2016. The Employee Benefit Channel is one with a very high level of recurring revenue and a very low level of customer churn or attrition. Given these revenue characteristics, we believe we will achieve record quarterly revenues throughout 2016 and exceed $10 million in revenue for calendar 2016."
| ID Watchdog, Inc Consolidated Statements of Operations | ||||||||
| | | | | | ||||
| | | Three Months Ended December 31, | | Years Ended December 31, | ||||
| | | 2015 | | 2014 | 2015 | | 2014 | |
| Revenue | | $ 1,424,021 | | $ 948,836 | $ 5,367,555 | | $ 3,469,468 | |
| Cost of revenue | | 442,335 | | 254,706 | 1,496,565 | | 989,036 | |
| Gross profit | | 981,686 | | 694,130 | 3,870,990 | | 2,480,432 | |
| Operating expense: | | | | | | | | |
| General and administrative expense | | 375,947 | | 268,340 | 1,418,033 | | 1,265,555 | |
| Benefit broker commission expense | | 257,042 | | 89,325 | 930,084 | | 304,359 | |
| Sales and marketing expense | | 236,768 | | 149,859 | 878,365 | | 446,763 | |
| Share-based compensation expense | | 20,383 | | 18,154 | 58,796 | | 137,121 | |
| Depreciation and amortization expense | | 13,042 | | 11,513 | 46,259 | | 59,476 | |
| | | 903,182 | | 537,191 | 3,331,537 | | 2,213,274 | |
| Operating income (loss) | | 78,504 | | 156,939 | 539,453 | | 267,158 | |
| Other income (expense): | | | | | | | | |
| Gain (loss) on warrant liability | | (184,348) | | 439,249 Werbung Mehr Nachrichten zur ID WATCHDOG INC. Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News
09:18 - PR Newswire
| ||||
