A21 Revenue Up

Posted on 5/21/2005 by Jim Pickerell | Printable Version | Comments (0)

8

A21 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:

















Q2 2004

$2,527,297

Q3 2004

$2,076,995

Q4 2004

$2,100,000

Q1 2005

$2,313,000

Total

$9,017,292



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).


Copyright © 2005 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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