Exhibit 99.3
FINANCIAL GUIDANCE SUMMARY
2006 Financial Guidance
(in millions, except per share amounts)
(in millions, except per share amounts)
Year Ended | ||||||||
December 31, 2006 | ||||||||
Range | ||||||||
Revenue | $ | 220.0 | $ | 230.0 | ||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) | 47.0 | 50.0 | ||||||
Adjusted EBITDA per diluted common share | $ | 0.80 | $ | 0.85 | ||||
Interest income | (5.0 | ) | (5.5 | ) | ||||
Depreciation and amortization | 17.0 | 16.5 | ||||||
Non-cash advertising | 7.5 | 7.3 | ||||||
Non-cash stock-based compensation | 26.7 | 26.7 | (a) | |||||
Income tax provision | 2.4 | 2.5 | ||||||
Net income (loss) | $ | (1.6 | ) | $ | 2.5 | |||
Net income (loss) per common share: | ||||||||
Basic | $ | (0.03 | ) | $ | 0.04 | |||
Diluted | $ | (0.03 | ) | $ | 0.04 | |||
Weighted-average shares outstanding used in computing net income (loss) per common share: | ||||||||
Basic | 56.1 | 56.1 | ||||||
Diluted | 56.1 | 59.0 |
(a) | Includes approximately $23.0 or $0.39 to $0.41 per share relating to the adoption of FAS 123R on January 1, 2006. |
Supplementary 2006 Quarterly Guidance
(in millions, except percentages and per share amounts)
(in millions, except percentages and per share amounts)
Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | |||||||||||||||||||||||||||||
March 31, 2006 | June 30, 2006 | September 30, 2006 | December 31, 2006 | |||||||||||||||||||||||||||||
Range | Range | Range | Range | |||||||||||||||||||||||||||||
Revenue | $ | 47.0 | $ | 48.0 | $ | 52.0 | $ | 54.0 | $ | 57.0 | $ | 60.0 | $ | 64.0 | $ | 68.0 | ||||||||||||||||
Net income (loss) | (5.2 | ) | (4.9 | ) | (3.6 | ) | (2.6 | ) | 0.2 | 1.6 | 7.0 | 8.4 | ||||||||||||||||||||
% of revenue | -11.1 | % | -10.2 | % | -6.9 | % | -4.9 | % | 0.4 | % | 2.7 | % | 10.9 | % | 12.4 | % | ||||||||||||||||
Net income (loss) per common share: | ||||||||||||||||||||||||||||||||
Basic | $ | (0.09 | ) | $ | (0.09 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | 0.00 | $ | 0.03 | $ | 0.12 | $ | 0.15 | ||||||||||||
Diluted | $ | (0.09 | ) | $ | (0.09 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | 0.00 | $ | 0.03 | $ | 0.12 | $ | 0.14 | ||||||||||||
Weighted-average shares outstanding used in computing net income (loss) per common share: | ||||||||||||||||||||||||||||||||
Basic | 56.1 | 56.1 | 56.1 | 56.1 | 56.1 | 56.1 | 56.1 | 56.1 | ||||||||||||||||||||||||
Diluted | 56.1 | 56.1 | 56.1 | 56.1 | 59.0 | 59.0 | 59.0 | 59.0 | ||||||||||||||||||||||||
% of revenue | ||||||||||||||||||||||||||||||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) | 12.5 | % | 12.5 | % | 16.0 | % | 17.0 | % | 23.0 | % | 24.0 | % | 30.0 | % | 30.0 | % | ||||||||||||||||
Stock-based compensation expense | -14.9 | % | -14.6 | % | -13.8 | % | -13.3 | % | -13.0 | % | -12.3 | % | -8.0 | % | -7.5 | % | ||||||||||||||||
Interest, taxes, depreciation, amortization and non-cash advertising | -8.7 | % | -8.1 | % | -9.0 | % | -8.5 | % | -9.6 | % | -9.0 | % | -11.1 | % | -10.1 | % | ||||||||||||||||
Net income (loss) | -11.1 | % | -10.2 | % | -6.9 | % | -4.9 | % | 0.4 | % | 2.7 | % | 10.9 | % | 12.4 | % | ||||||||||||||||
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