Guideline Profits Down as Acquisition Muddies Figures

NYC-based custom business research provider Guideline, Inc. has reported first half and second quarter financial results for the period ended June 30.

Second quarter revenues fell 2.3% on the year, to $11.69m, although a buoyant first quarter meant that overall first half revenues were up 5.4% at $24.47m.

Operating income for the six months slumped from $920,000 in 2006 to just $23,000, including a loss of $112,000 in the second quarter, while the firm made a net loss of $108,000 ($0.01 per fully diluted share) compared with net income of $634,000 ($0.03 per fully diluted share) in H1 2006. However, the firm points out that the losses and fall in income include significant legal, accounting and other costs related to the pending $41.6m acquisition of Guideline by infoUSA, agreed on June 28 (DRNO www.mrweb.com/drno/news6985.htm ).

The firm is online at www.guideline.com.

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.