Lyris, Inc. (OTCBB:LYRI), an online marketing company, this week reported steady revenue of $10.8 million for its 4th quarter, ending June 30, 2008. This amount is the exact same as that reported 12 months ago by the company. The revenue breakout includes Web and storage hosting, 73%; licensed software, 11%; maintenance and support, 13%; and professional services, 3%.
For the full fiscal 2008 year, the company reported revenues of $43.2 million compared with revenues of $39.0 million in fiscal 2007. However, Lyris’ EBITDA for the fourth quarter of fiscal 2008 was a loss of $478,000 versus earnings of $3.0 million in the fourth quarter a year ago.
On a GAAP-standards basis, the company reported a $2-million loss or 2 cents less per diluted share, compared with net income on a GAAP basis of $2.1 million, in the same period a year ago. On a non-GAAP basis, the net loss in the quarter was $839,000, or 1 cent per share, versus 2007’s non-GAAP net income of $2.2 million. The non-GAAP results exclude, among other things, stock-based compensation expenses of $256,000 and $184,000.
“We are seeing adoption across a wide variety of industry sectors … including new clients such as Harte-Hanks and Char-Broil,” said Luis Rivera, Lyris CEO. “In addition, we are gaining increased traction with advertising and marketing agencies that are reselling our offering to their clients.”
Lastly, the company reported a net loss on a GAAP basis of $5.5 million, or 6 cents per share, compared with net income of $351,000, in fiscal 2007. The GAAP results include an impairment charge of $4.1 million related to the developed technology, and the acquisition of ClickTracks and Hot Banana.
“As has been the case over the past several quarters, our financial results in the fourth quarter reflect both the transition of our selling efforts to focus on Lyris HQ and the investments we have made in sales, marketing and product development to support the offering,” Rivera said.
Emeryville, Calif.-based Lyris delivers Lyris HQ, the industry’s first on-demand integrated marketing suite to optimize the management, collaboration and execution of their online marketing initiatives. It now has 325 customers, up from 130 this time last year. Clients include Nokia, Adobe, PalmSource, Johns Hopkins University and Jupitermedia.
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