iPerceptions Reports Fourth Quarter and Fiscal Year 2007 Financial Results
April 14 2008 - 2:03PM
Marketwired
MONTREAL , a leader in online customer satisfaction and
experience measurement, today reported its financial results for
its fourth quarter and fiscal year ended December 31, 2007.
"Our strong performance in the fourth quarter of 2007provided
for a strong finish to a record year for iPerceptions," stated
Jerry Tarasofsky, President and CEO of iPerceptions. "I am
extremely proud of our business development and financial
accomplishments. We continue to have strong customer demand
illustrated by our strong organic growth and customer
acquisition."
Business development highlights included a 93% increase in
revenue; the acquisition of new business including prestigious
clients such as: Chrysler, Ford Mercury, Yamaha, Best Western, SAP,
Intuit, CGI, Cushman Wakefield, Budget, Avis, Videotron, Williams
Sonoma, TiVo, Four Seasons and Panasonic; plus the growth of
business with many of our existing clients including Dell, Hyundai,
Mazda and GM, amongst others. As a result of these initiatives,
over 2 million website visitors completed iPerceptions' customer
satisfaction surveys in 2007.
iPerceptions delivered the following results for the fourth
quarter and year-ended December 31, 2007:
Revenue: iPerceptions achieved revenues of $3,045,435 in 2007
compared to $1,582,022 reported for the year-ended December 31,
2006. This represents a 93% year-over-year increase in revenue. For
the quarter ended December 31st, 2007, revenue totaled $833,625
compared to $781,508 for the corresponding period in the previous
fiscal year, an increase of 7%. A substantial number of contracts
were signed in the third and fourth quarters of 2007, totaling an
annual value of over 1M$, of which the launch dates are scheduled
in 2008. As such, no revenue was recognized in Q4 2007 on these
specific contracts and is postponed to 2008.
Net loss and Earnings per Share: Net loss and comprehensive loss
for the quarter ended December 31st, 2007 was $577,464 compared to
a net earnings and comprehensive earnings of $2,875,805 for the
same period last year. A non-recurring forgiveness of debt and
restructuring costs was recorded in the fourth quarter 2006
amounting to $3,238,624. The net loss and comprehensive loss was
$1,840,101 for the year 2007 compared to a net earnings and
comprehensive earnings of $1,552,789 during the prior year. The
basic and diluted loss per share for 2007 were $0.06 and the basic
and diluted earnings per share for 2006 were $0.07.
Cash position: Total cash, cash equivalents and short-term
investments totaled approximately $2,367,517 at December 31, 2007
as a result of private placements of $3.2 million during the year.
During the fourth quarter 2007, the cash used in operating
activities amounted to $317,797.
"iPerceptions wrapped up 2007 with an impressive client roster
that is making a clear commitment to the voice of the customer. Our
solution set has enabled our clients to focus their efforts on a
customer-centric business model. 2008 promises more innovations
from iPerceptions in customer satisfaction metrics. We are well
positioned for the market opportunities that lie ahead. We believe
that our innovative solutions, our continued global expansion
efforts, and our penetration into new market segments and verticals
will drive significant momentum to our business," concluded
Tarasofsky.
For additional information, consult our Annual Financial
Statements 2007 and Management Discussion and Analysis filed today
on SEDAR at www.sedar.com.
About the iPSI and the webValidator solution:
The iPerceptions Satisfaction Index (iPSI) is derived from
satisfaction and experience data obtained from over four million
actual visitors, on over 700 projects for Fortune 2000 websites,
across ten verticals and contains over 60 million data points. It
is the only index of its kind and is quickly becoming the standard
for measuring online customer satisfaction. The webValidator
Continuous Listening solution captures the voice of actual online
customers in the context of an actual website visit helping
companies learn more about their customers with satisfaction
metrics that quickly turn learning into customer led
decision-support. Using a perceptual framework to evaluate key
elements of the visitor experience as well as predictive algorithms
and modeling to identify those attributes that drive satisfaction,
the resulting iPerceptions Satisfaction Index (iPSI) helps
companies obtain a clear understanding of the key issues impacting
satisfaction; purchase intent, transaction abandonment, customer
loyalty and the likelihood customers will refer friends and
associates to the site.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Media information: Jonathan Levitt Vice-President Marketing
iPerceptions Inc. Tel: 514-488-3600 Fax: 514-484-2600 Investor
information: Jerry Tarasofsky Chief Executive Officer iPerceptions
Inc. Tel: 514-488-3600 Fax: 514-484-2600 Martin Faucher Chief
Financial Officer iPerceptions Inc. Tel : 514-488-3600 Fax:
514-484-2600
Iperceptions Inc. (TSXV:IPE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Iperceptions Inc. (TSXV:IPE)
Historical Stock Chart
From Aug 2023 to Aug 2024