Harris Interactive Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company's revenue from services was $33,554,000 against $34,117,000 a year ago. Operating income was $1,138,000 against operating loss of $371,000 a year ago. Income from continuing operations before income taxes was $1,071,000 against loss from continuing operations before income taxes of $567,000 a year ago. Income from continuing operations was $953,000 or $0.02 per basic and diluted share against loss from continuing operations of $479,000 or $0.01 per basic and diluted share a year ago. Net income was $953,000 or $0.02 per basic and diluted share against net loss of $323,000 or $0.01 per basic and diluted share a year ago. EBITDA was $2,172,000 against $1,022,000 a year ago. Adjusted EBITDA was $2,741,000 against $1,469,000 a year ago. Adjusted EBITDA with add-back of restructuring and other charges was $2,741,000 against $1,450,000 a year ago. Cash provided by operations was $5.5 million against $0.1 million a year ago. The increase in cash provided by operations was mainly due to timing differences and accounts receivable during second quarter of fiscal 2013 that were subsequently collected during third quarter as well as the impact of the company's improved financial performance. For the nine months, the company's revenue from services was $103,650,000 against $111,002,000 a year ago. Operating income was $5,984,000 against operating loss of $2,326,000 a year ago. Income from continuing operations before income taxes was $5,747,000 against loss from continuing operations before income taxes of $2,883,000 a year ago. Income from continuing operations was $5,586,000 or $0.10 per basic and diluted share against loss from continuing operations of $2,798,000 or $0.05 per basic and diluted share a year ago. Net income was $5,586,000 or $0.10 per basic and diluted share against net loss of $4,652,000 or $0.08 per basic and diluted share a year ago. EBITDA was $9,261,000 against $2,047,000 a year ago. Adjusted EBITDA was $11,078,000 against $3,044,000 a year ago. Adjusted EBITDA with add-back of restructuring and other charges was $11,078,000 against $8,392,000 a year ago. Cash provided by operations was $7.4 million against $3.6 million a year ago. The company provided earnings guidance for the fiscal year ending June 30, 2013. For the period, the company expects GAAP net income of $7.3 million, interest expense, net of $0.3 million, depreciation and amortization of $4.3 million, EBITDA of $12.1 million and adjusted EBITDA with add-back of restructuring and other charges of $14.5 million. The company raised adjusted EBITDA guidance for the fiscal year ending June 30, 2013 to between $14.0 million and $15.0 million. Additionally, the company introduced full fiscal 2013 revenue guidance of between $139.0 million and $141.0 million.

Harris Interactive Inc., Q3 2013 Earnings Call, May 02, 2013

Harris Interactive Inc. announced that they will report Q3, 2013 results on May 02, 2013