innerworkings inc (INWK) Key Developments
InnerWorkings, Inc. Signs an Agreement with Newsday LLC
Jul 1 14
InnerWorkings Inc. announced that it has signed an agreement with Newsday LLC. Under the agreement, InnerWorkings will direct and manage the production of non-newsprint products including inserts, direct mail and select marketing materials purchased by Newsday and its advertisers. Additionally, InnerWorkings will manage Newsday's subscriber acquisition collateral, special sections and niche publications.
InnerWorkings, Inc. Signs Marketing Management Agreement with DEFENDER
May 29 14
InnerWorkings Inc. announced that it signed a new marketing management agreement with DEFENDER. InnerWorkings will collaborate with DEFENDER to develop and deploy highly segmented direct marketing materials across the DEFENDER national footprint. Additionally, as part of the partnership, InnerWorkings will provide onsite resources to work cohesively with DEFENDER's marketing team. InnerWorkings also will manage United States Postal Service compliance for DEFENDER to ensure program-wide optimization.
InnerWorkings Inc. Presents at 15th Annual B. Riley & Co. Investor Conference, May-19-2014 03:30 PM
May 13 14
InnerWorkings Inc. Presents at 15th Annual B. Riley & Co. Investor Conference, May-19-2014 03:30 PM. Venue: Loews Santa Monica Beach Hotel, 1700 Ocean Avenue, Santa Monica, CA 90401, United States. Speakers: Joseph M. Busky, Chief Financial Officer, Principal Accounting Officer and Secretary.
InnerWorkings Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for the fiscal year 2014
May 12 14
InnerWorkings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was $241,489,664 against $204,577,416 a year ago. Income from operations was $1,537,374 against loss from operations of $3,836,315 a year ago. Income before income taxes was $421,701 against loss before income taxes of $4,760,251 a year ago. Net income was $289,407 against net loss of $2,801,274 a year ago. Diluted earnings per share were $0.01 against diluted loss per share of $0.06 a year ago. Net cash used in operating activities was $8,408,343 against $842,639 a year ago. Non-GAAP Adjusted EBITDA was $8,502,291 against $6,765,377 a year ago. Adjusted net cash used in operating activities was $8,408,343 against adjusted net cash provided by operating activities was $108,427 a year ago. Adjusted net income was $1,018,938 against $2,172,322 a year ago. Non-GAAP Diluted EPS was $0.02 against $0.04 a year ago.
The company reaffirms its 2014 revenue guidance of $965 million to $1 billion, which reflects 8 to 12% growth over 2013. The company also reaffirms its 2014 Non-GAAP diluted earnings per share guidance of $0.23 to $0.27, compared to $0.09 in 2013.
Pizza Hut Selects InnerWorkings, Inc. as Partner for Field Marketing Execution
May 12 14
InnerWorkings Inc. announced that it signed a new multi-year agreement with Pizza Hut. Under this exclusive agreement, InnerWorkings will power point-of-purchase and printed marketing materials for Pizza Hut, while providing visibility into its marketing operations and creating efficiencies across its many lines of business. Through its partnership with InnerWorkings, Pizza Hut will create a centralized marketing production hub, enabling Pizza Hut to better support the needs of its franchisees while creating investment transparency and a new level of consistency across the Pizza Hut brand. As part of this relationship, Pizza Hut will access InnerWorkings' global technology platform to streamline marketing operations and enable turnkey purchasing, production, and delivery of marketing materials across Pizza Hut's more than 6,300 locations.