Company Raises Full-year Revenue Forecast For Revenue to Grow 80%, Exceeding $40 Million
NEW YORK – interCLICK, Inc. (the “Company”) (OTCBB: ICLK), a leading behavioral targeting company, announced that it increased its 2009 revenue forecast for the second time this year. The Company now expects revenue to be over $40 million, which would represent an increase of at least 80% compared to 2008 revenue of $22.4 million. Previously, the Company expected 2009 full-year revenue to exceed $36 million, which would represent 60% year-over-year revenue growth. interCLICK increased its forecast due to strong demand from advertisers shifting budget towards ROI centric solutions. Gross margin is expected to be at or above the first quarter 2009 level of 47%.
“We continue to experience strong demand from advertisers seeking cost-effective ways to acquire customers at scale,” said Michael Mathews, interCLICK’s Chief Executive Officer. “Our ability to deliver compelling results, utilizing our proprietary technology and process platform, positions us for strong growth as advertisers continue to shift marketing dollars to companies that deliver the strongest return on investment.”
Recently, the Company reported record 2009 first quarter revenue of $8.4 million. Net income of $0.03 million in the 2009 first quarter was the first profitable quarter for the Company.
About interCLICK
interCLICK, Inc. operates the interCLICK Network, an online advertising platform that combines advanced behavioral targeting with complete data and inventory transparency, allowing advertisers to identify and track their desired audience on an unprecedented level. 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.
