Audible Inc - Current report filing (8-K)
February 29 2008 - 8:06AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): February 29,
2008
AUDIBLE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
000-26529
|
22-3407945
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
1
Washington Park, Newark, NJ
|
07102
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(973)
820-0400
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
ITEM
2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On
February 29, 2008, Audible, Inc. (“Audible” or the “Company”) announced its
financial results for the fiscal year and fiscal quarter ended December 31, 2007
and certain other information. A copy of this press release is attached hereto
as Exhibit 99.1.
The
information in this Form 8-K and the Exhibit attached hereto is being furnished
pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes
of Section 18 of the Securities Act of 1934, as amended (the “Exchange Act”),
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
Use of
Non-GAAP Measures
In
addition to the results presented in accordance with generally accepted
accounting principles, or GAAP, Audible presents financial measures that are
non-GAAP measures, specifically adjusted EBITDA. Adjusted EBITDA is net (loss)
income excluding interest, taxes, depreciation, amortization, impairment and
stock based compensation. Audible believes that this non-GAAP measure, viewed in
addition to and not in lieu of Audible's reported GAAP results, provides useful
information to investors regarding its performance and overall results of
operations. These metrics are an integral part of Audible's internal reporting
to measure the performance of the Company and the overall effectiveness of
senior management. Reconciliations to comparable GAAP measures are available on
the Company's Web site and in the accompanying schedules to the attached press
release. The GAAP financial measures presented in the attached press release are
consistent with Audible’s historical financial reporting practices. The non-GAAP
measures presented in the attached press release may not be comparable to
similarly titled measures presented by other companies, and are not identical to
corresponding measures used in Audible's various agreements or other public
filings. Management also presents total cash sales. The measurement of total
cash sales is defined as the change in deferred revenue plus consolidated net
sales. Management believes that total cash sales is a useful measurement when
analyzing period results. For a further description of these non-GAAP financial
measures please see the section of the attached press release titled “Use of
Non-GAAP Measures.”
ITEM
9.01. FINANCIAL STATEMENTS AND EXHIBITS
d)
Exhibits:
99.1
Press Release dated February 29, 2008 regarding financial results.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
|
Audible, Inc.
|
|
|
|
|
|
Date:
February 29, 2008
|
|
/s/ Donald
R. Katz
|
|
|
By:
|
Donald
R. Katz
|
|
|
|
Chief
Executive Offier
|
|
|
|
|
|
Audible (NASDAQ:ADBL)
Historical Stock Chart
From Jul 2024 to Aug 2024
Audible (NASDAQ:ADBL)
Historical Stock Chart
From Aug 2023 to Aug 2024