Q2 Revenue Expected to Grow by at Least 124% Year-over-Year and 25% Sequentially
NEW YORK – interCLICK, Inc. (the “Company”) (OTCBB:ICLK), a leading behavioral targeting company, announced preliminary second quarter revenue for the period ended June 30, 2009. The Company now expects record revenue to exceed $10.5 million, an increase of at least 124% compared to the year-earlier period and 25% sequentially, raising guidance from its previous forecast for quarterly revenue to exceed $9.5 million. For the 2008 second quarter for the period ended June 30, 2008, interCLICK had revenue of $4.7 million.
“We continue to answer any questions regarding the sustainability of our growth trajectory, as reflected by today’s announcement that we again exceeded our forecast,” said Michael Mathews, interCLICK’s CEO. “Advertisers continue to embrace our proprietary technology, which allows us to deliver strong returns on investment. In a marketplace that is increasingly focused on allocating marketing dollars to those areas that deliver accountability, we remain confident that our growth will continue throughout the balance of the year and in 2010.”
The Company previously increased its 2009 full-year revenue forecast on June 4th, for revenue to exceed $40 million, which would represent an increase of at least 80% compared to 2008 revenue of $22.4 million. At the time, interCLICK forecast full-year gross margin to be at or above 47%.
interCLICK expects to report second quarter results in early August.
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.
