Last $4.03 USD
Change Today +0.05 / 1.26%
Volume 19.8K
LOV On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

spark networks inc (LOV) Key Developments

Spark Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Spark Networks, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the period, the company reported net loss of $2,615,000 or $0.11 per basic and diluted share on revenue of $17,361,000 against net loss of $969,000 or $0.04 per basic and diluted share on revenue of $15,008,000 a year ago. Operating loss was $2,497,000 compared to $341,000 a year ago. Loss before income taxes was $2,420,000 compared to $681,000 a year ago. LBITDA was $1,862,000 compared to $141,000 a year ago. Adjusted LBITDA was $1,767,000 compared to adjusted EBITDA was $2,458,000 a year ago. The year-over-year decrease was primarily driven by a 14% decrease in average paying subscribers, reflecting a 15% and 9% decline in average paying subscribers for the Christian and Jewish Networks segments, respectively. For the nine months, the company reported net loss of $8,831,000 or $0.39 per basic and diluted share on revenue of $52,205,000 against net loss of $4,996,000 or $0.21 per basic and diluted share on revenue of $47,381,000 a year ago. Operating loss was $8,600,000 compared to $4,166,000 a year ago. Loss before income taxes was $8,428,000 compared to $4,489,000 a year ago. EBITDA was $6,911,000 compared to $2,865,000 a year ago. Adjusted LBITDA was $6,285,000 compared to adjusted EBITDA was $1,443,000 a year ago.

Spark Networks, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Spark Networks, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Spark Networks, Inc. Announces Auditor Changes

On September 22, 2014, the Audit Committee of the Board of Directors of Spark Networks, Inc. approved the dismissal of Ernst & Young LLP as the company's independent registered public accounting firm. The reports of EY on the consolidated financial statements of the company for the fiscal years ended December 31, 2013 and 2012 did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope, or accounting principles. On September 22, 2014, the company appointed Grant Thornton LLP as its independent registered public accounting firm to audit the company's consolidated financial statements for the fiscal year ending December 31, 2014. The engagement of GT will be subject to the ratification of the company's stockholders at the company's 2015 annual meeting of stockholders.

Spark Networks, Inc. Announces Board Changes

On September 12, 2014, David Hughes resigned from the Board of Directors (the Board) of Spark Networks, Inc., effective immediately. Also on September 12, 2014, effective immediately, the Board appointed Jonathan R. Mather to serve as director, with a term ending at the Company's 2015 annual meeting of stockholders. Mr. Mather fills the vacancy created by the resignation of Mr. Hughes. At this time, the Board has appointed Mr. Mather to the Audit Committee, where he will serve as Chairman. Since retiring in 2011, Mr. Mather has served as a consultant to a private equity firm and startup companies. From 2006 until July 2011, he served as chief financial officer of ARC Document Solutions. Previously, he served as chief financial officer of Netgear, Inc., from 2001 to 2006.

Spark Networks, Inc. Announces Separation Agreement with Joshua A. Kreinberg, General Counsel and Corporate Secretary

On August 8, 2014, Joshua A. Kreinberg, General Counsel and Corporate Secretary of the Company, entered into a Separation Agreement and Release with Spark Networks, Inc., pursuant to which Mr. Kreinberg's separation date from the company is August 12, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LOV:US $4.03 USD +0.05

LOV Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Facebook Inc $77.62 USD +1.99
Local Corp $1.48 USD +0.0299
Microsoft Corp $47.75 USD +0.28
Yahoo! Inc $51.93 USD +0.21
View Industry Companies
 

Industry Analysis

LOV

Industry Average

Valuation LOV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 8.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SPARK NETWORKS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.