NEW YORK – interCLICK, Inc. (OTCBB: ICLK), a leading behavioral targeting company, raised its guidance for revenue and gross margin for the first quarter ending March 31, 2009. The Company now expects revenue to exceed $7.0 million, compared to the $6.5 million it had previously forecasted, and expects gross margin to exceed 41%, compared to its previous estimate that gross margin would exceed fourth quarter gross margin results of 38.6%. The first quarter is a seasonally slower period for the advertising industry. For the first quarter of 2008, interCLICK had pro forma revenue of $3.6 million from continuing operations. Reported revenue for the first quarter of 2008 was $4.3 million.
“Despite a very challenging economic environment, interCLICK continues to grow rapidly and exceed expectations,” said Michael Mathews, interCLICK’s Chief Executive Officer. “At a time when competition for advertising dollars has never been more intense, our ability to deliver superior ROI for our advertisers has enabled interCLICK to remain at the forefront of many large media plans. Our sales force across the country continues to do a phenomenal job at delivering our value proposition to new and existing accounts.”
“Our continued improvement in gross margin is directly attributable to better managing our supply chain,” said Mathews.
The Company expects to announce first quarter results in May.
About interCLICK, Inc.
interCLICK, Inc., operates the interCLICK Network, an online ad network that combines advanced behavioral targeting with site by site reporting, allowing advertisers to identify and track their desired audience. interCLICK offers advanced proprietary demographic, behavioral, contextual, geographic and retargeting technologies across a network of name brand publishers to ensure the right message is delivered to a precise audience in a brand friendly environment. For more information about the interCLICK Network, visit http://www.interclick.com.
