My notes from the call.
No Q&A session due to Quiet Period
Full press release at Spark Networks News Room.
3rd amendment to S-1 filed today.
The company’s Registration Statement on Form 10, which will make Spark Networks an SEC reporting company, will be effective tomorrow, November 15, 2005.
Beginning on July 1, 2005, the company began accounting for share options in accordance with the Statement of Financial Accounting Standards No. 123 (R), Share-Based Payment (“SFAS 123 (R)”), which means the quarter ending September 30, 2005 is the first quarter in which the company reflected compensation expenses associated with share options in its generally accepted accounting principles (GAAP) income statement.
Key Business Metrics
Total subscribers, 220,800 paying members, down 8%.
Compensation expenses reduced earnings by $1.4M.
3Q revenue $16.9M, down $1M
$605,000 compared to $2M loss last year
Net loss of $2.2 million, or $(0.08) per share
JDate
JDate is the largest religion focused site. Revenue of $6.5 million, an increase of 7%. Contribution margin
of 86%
$6.5M revenue for 3Q
69,600 Subscribers, up 2%
American Singles
Revenue down 23% to $7.2M
Subscribers, 98,600 down 30%
Other Businesses
Revenue up 86% to $3.3M. Results from MingleMatch, a recent Spark acquisition, drove 85% growth from the Other Business segment.
Subscribers up 72% to 52,600.
Subscriber acquisition cost (SAC)
Mention of new marketing management team and billboards in LA and New York.
Overall SAC
$30.23, a decrease of 19%
JDate
$15.84 up 79%
American Singles
$39.35 down 16%
Other Businesses
$28.08 down 30%
EBIDA performance up overall
[tags: american singles, jdate, spark networks]
