Businessweek

zipRealty Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net revenues were $15.4 million, a 4% decrease from the $16.1 million reported in the first quarter last year. On a same-market basis, net revenues of $15.4 million decreased 0.6% from the same-market net revenues of $15.5 million in the first quarter last year. The company's net loss was $2.2 million, or a net loss of $0.10 per basic and diluted share, compared to a net loss of $3.1 million, or $0.15 per basic and diluted share in the first quarter of 2012. Adjusted EBITDA was negative $1.27 million, approximately a 5% improvement over $1.34 million a year ago. Loss from operations was $2,154,000 compared to $3,064,000 a year ago. Loss before income taxes was $2,152,000 compared to $3,057,000 a year ago. Net cash used in operating activities was $1,505,000 compared to $3,197,000 a year ago. Purchases of property and equipment were $752,000 compared to $429,000 a year ago. The company provided earnings guidance for the second quarter and full year of 2013. For the year, the company expects its net revenue to be in the range of $20.3 million to $21.3 million, compared to net revenue of $20.3 million in the second quarter of the previous year. Second quarter adjusted EBITDA is expected to be positive, in the break-even to $0.5 million range. The company expects adjusted EBITDA for the full year to be positive. The company expects gross margins to be in the range of 40% to 50% - 40% to 45% for the full year.

zipRealty Inc. announced that they will report Q1, 2013 results at 4:00 PM, US Eastern Standard Time on May 07, 2013

zipRealty Inc., Q1 2013 Earnings Call, May 07, 2013

zipRealty Inc. Presents at JMP 12th Annual Research Conference, May-15-2013 12:00 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.

zipRealty Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the fourth quarter, the company net revenues of $17,692,000 compared with $18,522,000 for the same period last year. Loss from operations was $1,893,000 compared with $2,009,000 for the same period last year. Loss before income taxes was $1,889,000 compared with $2,002,000 for the same period last year. Net loss was $1,995,000 or $0.10 basic and diluted per share compared with $2,002,000 or $0.10 basic and diluted per share for the same period last year. Non-GAAP Adjusted EBITDA was $12,000 compared with non-GAAP Adjusted LBITDA $823,000 for the same period last year. On a same market basis, net revenues increased by 2%, the strongest year-to-year revenue comparison for the company in ten quarters. For the full year 2012, net revenues of $73,820,000 compared with $85,149,000 for the same period last year. Loss from operations was $9,594,000 compared with $9,789,000 for the same period last year. Loss before income taxes was $9,572,000 compared with $9,731,000 for the same period last year. Net loss was $9,678,000 or $0.47 basic and diluted per share compared with $9,731,000 or $0.47 basic and diluted per share for the same period last year. Non-GAAP Adjusted EBITDA was $823,000 compared with non-GAAP Adjusted LBITDA $2,988,000 for the same period last year. Net cash used in operating activities was $7,345,000 compared with $8,347,000 for the same period last year. Purchases of property and equipment were $1,980,000 compared with $1,586,000 for the same period last year. Looking forward based on current information, the company expects first quarter net revenue to be in the range of $15 million to $16 million, the same market transaction revenue roughly in line with that of last year’s quarter. First quarter adjusted EBITDA is expected to be negative in the range of $1.3 million to $1.6 million reflecting seasonality of the quarter as well as its growth investments. The company expects Adjusted EBITDA for the full year 2013 to be positive.