Ancestry.Com Inc. operates as an online resource for family history for subscribers worldwide. Its subscribers use the proprietary online platform, digital historical record collection, and technology to research their family histories, build their family trees, collaborate with other subscribers, upload their own records, and publish and share their stories with their families. The company was formerly known as The Generations Network, Inc. and changed its name to Ancestry.com Inc. in July 2009 to better align its corporate identity with the branding of Ancestry.com. Ancestry.Com Inc. was founded in 1983 and is headquartered in Provo, Utah.
Ancestry.com Subscriber Growth of 33% Year-Over-Year
Total Revenues Up 41% Year-Over-Year
Raises FY 2011 Outlook
Ancestry.com Inc. (Nasdaq:ACOM), the world’s largest online family history resource, reported financial results for the quarter ended March 31, 2011.
“Ancestry.com had an outstanding start to 2011, ending the first quarter with over 1.6 million subscribers and delivering record financial performance. The investments we are making in content and in our product are generating positive feedback from users, and our ongoing marketing programs, along with the second season of Who Do You Think You Are? on NBC, are helping to further broaden interest in the family history category,” said Tim Sullivan, Chief Executive Officer of Ancestry.com . “We intend to continue investing in the business through product enhancements, content acquisition and the further ramp-up of our talent base to support our anticipated growth in 2011 and beyond.”
Ancestry.com Web Sites Highlights
Subscribers totaled 1,615,000 as of March 31, 2011, growth of 33% from the end of the first quarter of 2010 and 16% since the end of 2010.
Gross subscriber additions were 425,000 in the first quarter of 2011, compared to 279,000 in the first quarter of 2010 and 203,000 in the fourth quarter of 2010.
Monthly churn1 was 3.7% in the first quarter of 2011, compared to 3.3% in the first quarter of 2010 and 3.9% in the fourth quarter of 2010.
Subscriber acquisition cost2 in the first quarter of 2011 was $69.56, compared to $69.57 in the first quarter of 2010 and $96.87 in the fourth quarter of 2010.
Average monthly revenue per subscriber3 in the first quarter of 2011 was $18.05, compared to $16.70 in the first quarter of 2010 and $17.78 in the fourth quarter of 2010.
First Quarter 2011 Financial Highlights
Total revenues for the first quarter of 2011 were $91.0 million, an increase of 41.3% over $64.4 million in the first quarter of 2010, driven by growth in our core Ancestry.com Web sites revenues of 42.7%.
Operating income for the first quarter of 2011 was $14.2 million, compared to $7.6 million in the first quarter of 2010.
Net income was $9.0 million, or $0.18 per fully diluted share, for the first quarter of 2011 compared to $4.0 million, or $0.08 per fully diluted share, in the first quarter of 2010.
Adjusted EBITDA4 for the first quarter of 2011 was $25.6 million, compared to $17.0 million in the first quarter of 2010. Adjusted EBITDA margin for the first quarter of 2011 was 28.1%, compared to 26.4% in the first quarter of 2010.
Free cash flow5 totaled $18.7 million for the first quarter of 2011 compared to $11.4 million for the first quarter of 2010.
| Cash and cash equivalents totaled $102.3 million as of March 31, 2011.
Recent Business Highlights
Who Do You Think You Are? television series successfully completed its second season and NBC announced its renewal for a third season, which is currently expected to air in the first quarter of 2012.
Addition of several new important content collections, including U.S. slave manifest records, the definitive 19th century collection of Irish historical records, and newly digitized U.S. Civil War records.
Ancestry.com’s mobile app for the iPhone, iPad, and iPod reached 1 million downloads last week, with over 400,000 of those downloads happening in Q1 alone.
Ancestry.com has local Web sites directed at nine countries that help people discover, preserve and share their family history, including its flagship Web site at www.ancestry.com.
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Gold is the royal and aristocratic ornamental metal par excellence with a seductive natural colour, lustre and satin-like texture. Since ancient times this most beautiful of metals has traditionally enjoyed a use in articles of personal adornment, particularly in rings and a variety of costume jewellery. Considerable amounts of gold are also used in fountain pens, medallions, gold watches and in gold fillings in dentistry. Some gold has also been utilized since antiquity in the fabrication of chalices, cups, vases, shrines and a great variety of other articles cherished for their intrinsic value.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Gold-coated window glass for buildings in hot climates and electrically heated windscreens having a thin transparent and conductive layer of gold are finding an increasing use in cars, aeroplanes, ships and locomotives throughout the world. Some gold is also consumed by the printing and furniture industries in the form of gold paints and by the ceramic industry in the form of organic ‘liquid gold’ for application in pottery and glassware. On firing or other treatment the organic gold compounds are reduced leaving a thin film of gold tightly bonded to the ceramic ware or glass. Small amounts of gold are also used for coloring glass, and gold salts are used to a small extent in certain photographic and medical preparations.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. recently announced results from random chip samples within their Culo Alzado mining area, on the north margin of Senderos de Oro, in Colombia that indicate high grades. A newly recognized gold and silver zone has been discovered in this mining area and the current exploration program will be escalated as recommended by the company’s Qualified Person. A complete listing of Acme Analytical Laboratories reports is available on the Company’s website at www.orofinogoldcorp.com.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
PG & E Corp. (NYSE:PCG) will now hold its conference call for members of the financial community on May 4, 2011, at 11:00 am Eastern Time to discuss first quarter 2011 earnings results. The public can access the conference call via a simultaneous webcast.
PG&E Corporation, through its subsidiaries, operates as a public utility company that engages in electricity and natural gas distribution primarily in northern and central California.
Hill-Rom Holdings, Inc. (NYSE:HRC) announced strong financial results for its fiscal second quarter ended March 31, 2011 and updated its outlook for 2011. Net income increased 37 percent to $33 million compared to $24 million in the second quarter of the prior year. Earnings per diluted share also increased 37 percent in the same period, to $0.52 from $0.38. Adjusted earnings per diluted share increased 64 percent during the period, to $0.54 from $0.33. The improved financial performance was primarily the result of increased revenue, gross margin expansion, selling and administrative expense leverage and a lower tax rate. Hill-Rom’s quarterly revenue of $402 million increased 13 percent on a reported basis and 12 percent on a constant currency basis compared to last year. Domestic revenue increased 5 percent to $266 million and international revenue increased 31 percent to $136 million in the same period. Excluding the impact of foreign currency, Hill-Rom’s international revenue increased 27 percent.
Hill-Rom Holdings, Inc. provides medical technologies and related services for the health care industry in the United States and internationally. Hill-Rom Holdings was founded in 1969 and is headquartered in Batesville, Indiana.
Health Care REIT Inc. (NYSE:HCN) announced that its Board of Directors declared a cash dividend for the quarter ended March 31, 2011 of $0.715 per share. The dividend will be the company’s 160th consecutive quarterly payment, payable May 20, 2011, to stockholders of record on May 10, 2011. As previously announced, the dividend represents a $0.025 increase from the dividend paid for the fourth quarter of 2010.
Health Care REIT, Inc. is an equity real estate investment trust. The firm engages in investment, development, and management of properties. It primarily invests in health care properties.
No comments:
Post a Comment