| |
Guideline Moves to Answer Stock Concerns
In the USA, Guideline, Inc. has announced preliminary, summarized first quarter results highlighting organic growth and a record performance from the firm's custom MR business. The unusually early announcement is intended to allay concerns about a recent decline in the company's share price.
The summary notes are published ahead of the completion of the auditors' review, while a formal report is expected on or around May 15.
For the quarter ended March 31, consolidated revenues are expected to be in the range of $12.6 - 13.0m,up from $11.25m a year ago and $11.6m in Q4 2006. Adjusted EBITDA, exclusive of stock compensation expense, is expected to exceed that of Q1 2006 ($1,133,000) and Q4 2006 ($652,000).
Explaining the decision to go early, Chairman and CEO David Walke comments: 'While announcing preliminary results is not customary for the Company, and should not be considered a precedent, I felt it was important to provide a perspective to those that are concerned that our recent stock performance is related to our recent and prospective operating performance.' In addition to the success of the custom MR division, Walke points to a third consecutive quarter of positive net gain in the firm's On-Demand annualized retainer base, and a corporate sales department which has more than justified significantly increased costs by exceeding its bookings quota for the quarter.
The firm's share price has fallen from around $1.40 a year ago and a peak of around $1.75 in November, to $1.00 this week – as of this morning it was up slightly at $1.03.
Guideline, Inc., formerly known as FindSVP, is a provider of customized business research and analysis, based in the US and online at www.guideline.com .
|
