Travelzoo Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 24, 2013 at 08:00 am EST
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Travelzoo Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's revenues were $37,028,000 against $35,156,000 a year ago. Income from operations was $4,357,000 against $8,175,000 a year ago. Income before income taxes was $4,449,000 against $8,372,000 a year ago. Net income was $3,757,000 or $0.24 per basic and diluted share against $6,428,000 or $0.40 per basic and diluted share a year ago. Net cash provided by operating activities was $13,010,000 against $7,078,000 a year ago. Purchases of intangible asset were $677,000. Purchases of property and equipment were $698,000 against $558,000 a year ago.
For the year, the company's revenues were $151,168,000 against $148,342,000 a year ago. Income from operations was $25,489,000 against $15,022,000 a year ago. Income before income taxes was $25,798,000 against $15,324,000 a year ago. Net income was $18,198,000 or $1.14 per diluted share against $3,319,000 or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $36,700,000 against $15,631,000 a year ago. Purchases of intangible asset were $677,000. Purchases of property and equipment were $2,744,000 against $2,460,000 a year ago.
Travelzoo is a global Internet media company, which is engaged in offering travel, entertainment, and lifestyle experiences. The Company operates through four segments: Travelzoo North America, Travelzoo Europe, Jackâs Flight Club, and New Initiatives. Its Travelzoo North America segment consists of its operations in Canada and the United States. Its Travelzoo Europe segment consists of its operations in France, Germany, Spain, and the United Kingdom. Its Jackâs Flight Club segment consists of subscription revenue from members to access and receive flight deals via email or mobile applications. Its New Initiatives segment consists of its licensing activities in certain Asia Pacific territories, the Travelzoo META subscription service and Metaverse Travel Experiences, LLC (MTE). Its products and services are the Travelzoo Website (travelzoo.com), the Travelzoo iPhone and Android apps, the Top 20 email newsletter, the Travelzoo Network, and Jack's Flight Club.