Enom 2010 Annual Report Download - page 78

Table of Contents
Quarterly Results of Operations
The following unaudited quarterly consolidated statements of operations for the quarters in the years ended December 31, 2009 and 2010, have been
prepared on a basis consistent with our audited consolidated annual financial statements, and include, in the opinion of management, all normal recurring
adjustments necessary for the fair statement of the financial information contained in those statements. The period-to-period comparison of financial results is
not necessarily indicative of future results and should be read in conjunction with our consolidated annual financial statements and the related notes included
elsewhere in this Annual Report on Form 10-K.
Quarter Ended,
March 31,
2009 June 30, 2009 September 30, 2009 December 31, 2009 March 31, 2010 June 30, 2010 September 30, 2010 December 31, 2010
(in thousands, except per share data)
Revenue:
Content &
Media:
Owned and
operated
websites $ 15,374 $ 16,823 $ 19,452 $ 21,555 $ 20,934 $ 25,702 $ 29,346 $ 34,787
Network
websites 6,721 8,133 9,138 10,521 9,264 10,391 10,471 12,015
Total Content &
Media 22,095 24,956 28,590 32,076 30,198 36,093 39,817 46,802
Registrar 21,864 22,358 23,102 23,411 23,449 24,262 25,538 26,777
Total revenue 43,959 47,314 51,692 55,487 53,647 60,355 65,355 73,579
Operating
expenses(1)(2):
Service costs
(exclusive of
amortization
of intangible
assets)(3) 26,049 27,314 29,632 31,541 30,164 31,571 33,474 36,123
Sales and
marketing 4,599 4,632 5,143 5,670 4,751 5,645 6,409 7,619
Product
development 4,998 4,932 5,478 6,249 6,032 6,482 6,622 7,402
General and
administrative 7,302 6,813 7,082 7,282 7,978 9,462 9,595 10,336
Amortization of
intangible
assets 8,275 8,154 7,825 7,898 7,935 8,238 8,309 9,268
Total
operating
expenses 51,223 51,845 55,160 58,640 56,860 61,398 64,409 70,748
Income (loss)
from operations (7,264) (4,531) (3,468) (3,153) (3,213) (1,043) 946 2,831
Other income
(expense)
Interest income 139 84 62 209 8 3 8 6
Interest expense (658) (481) (369) (251) (181) (168) (168) (171)
Other income
(expense), net (115) 115 (2) (17) (19) (109) (36) (122)
Total other
expense (634) (282) (309) (59) (192) (274) (196) (287)
Income (loss)
before income
taxes (7,898) (4,813) (3,777) (3,212) (3,405) (1,317) 750 2,544
Income tax
expense (1,048) (644) (356) (723) (717) (610) (1,055) (1,515)
Net income (loss) (8,946) (5,457) (4,133) (3,935) (4,122) (1,927) (305) 1,029
Cumulative
preferred stock
dividends (7,398) (7,617) (7,843) (7,990) (7,963) (8,243) (8,443) (8,602)
Net loss
attributable to
common
stockholder $ (16,344)$(13,074) $ (11,976) $ (11,925) $ (12,085)$(10,170) $ (8,748) (7,573)
Net loss per share:
Basic and
diluted $ (1.61)$ (1.21) $ (1.04) $ (0.98) $ (0.94)$ (0.75) $ (0.64) $ (0.54)
Weighted average
shares
outstanding(4)
(5):
Basic and
diluted 10,141 10,818 11,496 12,155 12,875 13,482 13,698 13,966