United Online, Inc. (NASDAQ:UNTD) Moves Up Smartly
The $188 million market capped provider of internet based consumer products and services United Online, Inc. (NASDAQ:UNTD) reported its fourth quarter and full year 2013 results on 19th February. On the back of the block buster results, the stock of this internet products developer shot up by huge 30 percent during 20th February trading.
Revenues for the quarter came in at $62.6 million, which was 5 percent lower than what it had achieved in 4Q12. The consolidated loss for the quarter reduced significantly to $7.9 million in comparison to $25.7 million it had reported in 4Q12. Its OIBDA for the quarter came in at $12.6 million, which was 22 percent above 4Q12 report.
FY14 Focus Areas
Highlighting the focus areas for the current fiscal, United Online, Inc. (NASDAQ:UNTD) President and Chief Executive Officer Francis Lobo has been quoted to have said that, “With the FTD spin off behind us, we are now focused on developing strategies that will return United Online to growth. Priorities in 2014 include optimizing our existing businesses, expanding new product development efforts to drive new revenue growth, and pursuing new strategic alliances and other opportunities to expand our scope and reach.”
Another major achievement by the small capped firm during the last quarter, was the expansion of the broad band services being offered by NetZero Mobile across the 3G network being provided by Sprint across U.S. Due to this tie up, more than 276 million new users have been covered by United Online, Inc. (NASDAQ:UNTD), there by leading to a big build up in the demand for the company products in these new segments.
Cash flow from its fourth quarter operations came in at $4 million for the quarter, as against the $11 million it had achieved same quarter last year. The rally in the stock price seen yesterday, in spite of the dip in revenue is being ascribed to the better than expected results in comparison to the forecast the firm had given at the end of its 3Q earnings call.