euro adhoc: MatchNet plc
Annual Reports
SPARK NETWORKS REPORTS
FOURTH QUARTER AND FULL YEAR 2004 FINANCIAL RESULTS
REGISTRATION STATEMENT FOR U.S. PUBLIC OFFERING FILED
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.03.2005
BEVERLY HILLS, Calif., March 10, 2005 - Spark Networks plc, a leading provider of online personals services, today reported 2004 fourth quarter and full year financial results.
Financial Results Revenue for the fourth quarter of 2004 was $17.1 million, an increase of 46%, compared to $11.7 million, over the same period last year. Revenue for the year ended December 31, 2004 was $65.1 million, an increase of 76%, compared to revenue of $36.9 million, for the year ended December 31, 2003.
Including $2.1 million of charges related to the settlement of two legal issues, the company reported a net loss of $1.6 million, or $(0.06) per share, for the fourth quarter of 2004, compared to a net loss of $6.8 million, or $(0.35) per share, for the same period last year.
For the year ended December 31, 2004, the company reported a net loss of $11.6 million, or $(0.51) per share, compared to a net loss of $10.9 million, or $(0.57) per share, for the year ended December 31, 2003. The loss for 2004 included charges totaling $7.7 million. These charges were related to costs associated with settlements of legal disputes, costs related to an impairment charge, costs related to severance payments and costs related to the postponed initial public offering of MatchNet.
Registration statement for IPO filed Spark Networks has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of up to $75,000,000 in American Depositary shares, with each American Depositary share representing one of the companys ordinary shares. It is anticipated that the offering will be made by the company and certain selling shareholders. Piper Jaffray & Co. is serving as the lead manager and sole book-runner for the offering, and Thomas Weisel Partners LLC and ThinkEquity Partners LLC are acting as co-managers.
Investor conference call: The company will discuss its financial results during a live teleconference today at 9:30 a.m. Pacific time (US & Canada) and 6:30 p.m. Frankfurt time on Thursday, March 10, 2005. Call Title: Spark Networks plc Investor Conference Call Toll-Free (United States): +1-877-241-6722 International: +1-706-634-2477 Confirmation number: 4356315
IR Contact: Elmar Bob Tel.: +49 (69) 74 09 37 88 Fax: +49 (69) 74 09 37 87 E-Mail: elmar@spark.net URL: http://www.spark-networks.com
About Spark Networks plc: Spark Networks plcs Global Depositary Shares trade on the Frankfurt Stock Exchange (FSE) under the symbol "MHJG". The Spark Networks portfolio of consumer Web sites includes AmericanSingles®.com, JDate®.com, JDate.co.il, MatchNet®.de, MatchNet.co.uk, MatchNet.com.au, Glimpse.comTM, CollegeLuvTM.com, Date.caTM, and FaceLink®.com. The company was formed in England in 1998.
end of announcement euro adhoc 10.03.2005 16:57:49
Further inquiry note:
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
E-Mail: elmar@spark.net
Guido Pickert
Branche: Online
ISIN: US5766601042
WKN: 930129
Index: SDAX, Prime Standard, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade