8A21 REVENUE UP
May 21, 2005
A21, Inc. has reported gross revenue for the first quarter of 2005 of $2,312,000, up 10% from fourth quarter 2004 revenue of $2.1 million. In the first full year of owning SuperStock, a21's the revenues by quarter has been:
Net loss for the first quarter of 2005 was $701,000 or $0.02 per share, versus net loss of $600,000, or $0.02 per share for the same period in 2004. Earnings per share for the first quarter of 2005 is calculated on the basis of 38,136,237 weighted average shares outstanding, compared to 25,726,916 weighted average shares outstanding for the same period in 2004.
"During the first quarter, a21 continued to make positive strides in our business in both the operations of our subsidiary, SuperStock, as well the financial health of a21," said Albert H. Pleus, Chairman and CEO of a21. "On the fiscal management side, in February 2005 we completed a financing with our existing investors on more favorable terms, which improves a21's financial position and flexibility by providing increased working capital."
"From an operations standpoint, we made significant progress in four areas: content, sales, technology, and management," added Thomas V. Butta, Vice Chairman and Preswident of a21 and CEO of SuperStock. "Regarding content, the SuperStock image collection surpassed the one million mark in the first quarter. Since the a21 acquisition of SuperStock on February 29, 2004, the total number of images available online has grown by more than 80 percent."
"In direct sales, we showed sequential growth over fourth quarter results as well as over first quarter 2004 in both direct and channel sales. Regarding technology, we continued to make performance improvements and add new features to SuperStock.com. Our management team continues to recruit top talent into the company as evidenced by key changes in sales and marketing leadership positions, " said Butta.
SuperStock announced the launch of Purestock, a new RF brand, earlier this month (See story 726).