EXHIBIT 99.4
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 | $ | 229.0 | $ | 238.0 | ||||
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 | (4.9 | ) | (5.2 | ) | ||||
Depreciation and amortization | 18.8 | 18.2 | ||||||
Non-cash advertising | 7.5 | 7.3 | ||||||
Non-cash stock-based compensation | 27.5 | 27.5 | (a) | |||||
Income tax provision | 2.0 | 2.0 | ||||||
Net income (loss) | $ | (3.9 | ) | $ | 0.2 | |||
Net income (loss) per common share: | ||||||||
Basic | $ | (0.07 | ) | $ | 0.00 | |||
Diluted | $ | (0.07 | ) | $ | 0.00 | |||
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 $24.0 or $0.41 to $0.43 per share relating to the adoption of FAS 123R on January 1, 2006. | |
* | Reflects our expectation that pending acquisition of Summex Corporation will be completed in the quarter ending June 30, 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 | ||||||||||||||||||||||
June 30, 2006 | September 30, 2006 | December 31, 2006 | ||||||||||||||||||||||
Range | Range | Range | ||||||||||||||||||||||
Revenue | $ | 53.0 | $ | 55.0 | $ | 60.0 | $ | 63.0 | $ | 66.0 | $ | 70.0 | ||||||||||||
Net income (loss) | (3.9 | ) | (2.8 | ) | (0.7 | ) | 0.6 | 4.7 | 6.4 | |||||||||||||||
% of revenue | -7.4 | % | -5.1 | % | -1.2 | % | 1.0 | % | 7.1 | % | 9.1 | % | ||||||||||||
Net income (loss) per common share: | ||||||||||||||||||||||||
Basic | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.01 | ) | $ | 0.01 | $ | 0.08 | $ | 0.11 | |||||||||
Diluted | $ | (0.07 | ) | $ | (0.05 | ) | $ | (0.01 | ) | $ | 0.01 | $ | 0.08 | $ | 0.11 | |||||||||
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 | ||||||||||||||||||
Diluted | 56.1 | 56.1 | 56.1 | 59.0 | 59.0 | 59.0 | ||||||||||||||||||
% of revenue | ||||||||||||||||||||||||
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) | 15.0 | % | 16.0 | % | 22.0 | % | 22.5 | % | 29.0 | % | 29.0 | % | ||||||||||||
Stock-based compensation expense | -13.9 | % | -13.3 | % | -12.8 | % | -12.2 | % | -8.2 | % | -7.9 | % | ||||||||||||
Interest, taxes, depreciation, amortization and non-cash advertising | -8.5 | % | -7.8 | % | -10.4 | % | -9.3 | % | -13.7 | % | -12.0 | % | ||||||||||||
Net income (loss) | -7.4 | % | -5.1 | % | -1.2 | % | 1.0 | % | 7.1 | % | 9.1 | % | ||||||||||||
* | Reflects our expectation that pending acquisition of Summex Corporation will be completed in the quarter ending June 30, 2006. |