I saw Vertro moving today +35% this morning in the first hour of Monday trading on decent volume. Vertro has improving margins and is showing revenue traction in their business. The stock has had a decent move in recent weeks, and it's hard to tell what is driving the price action.
I always watch the revenue, call the company and look at the technical picture..I will spend some time doing that this week as they trade. Below are last quarters round up and a company description.
Summary of Second Quarter 2010 Results from Continuing Operations Below:
-- Revenue of $8.5 million in Q2 2010, compared to revenue of $8.1 million
in Q1 2010;
-- Gross margins of 96% in Q2 2010, compared to the 94% gross margins
in Q1 2010;
-- GAAP net income from continuing operations of $0.2 million or $0.01 per
basic share in Q2 2010, compared to GAAP net income from continuing
operations of $0.5 million or $0.02 per basic share in Q1 2010. Q1 2010
GAAP net income included a non-recurring $0.3 million gain from the
sale of an Internet domain name;
-- EBITDA of $0.2 million in Q2 2010, compared to EBITDA of $0.5 million
in Q1 2010. Q2 2010 EBITDA included $0.2 million of non-cash
compensation expense. Q1 2010 EBITDA included $0.2 million of non-cash
compensation expense and a non-recurring $0.3 million gain from the
sale of an Internet domain name; and
-- Adjusted EBITDA of $0.5 million in Q2 2010, compared to Adjusted
EBITDA of $0.4 million in Q1 2010. Q2 2010 Adjusted EBITDA excluded
$0.2 million of non-cash compensation expense. Q1 2010 Adjusted EBITDA
excluded $0.2 million of non-cash compensation expense and a
non-recurring $0.3 million gain from the sale of an Internet domain
name.
Vertro, Inc.describes themselves asa software and technology company that owns and operates the ALOT product portfolio. ALOT's products are designed to 'Make the Internet Easy' by enhancing the way consumers engage with content online. Through ALOT, Internet users can discover best-of-the-web third party content and display that content through customizable toolbar, homepage and desktop products. ALOT has millions of live users across its product portfolio. Together these users conduct high-volumes of type-in search queries, which ALOT monetizes through third-party search and content agreements
