SIOUX FALLS, S.D., April 29 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET) today reported quarterly revenue of $139.8 million, an increase of $64.5 million or 85.7% over first quarter of 2007. The Company also reported a net loss of $(13.0) million or $(0.58) per share (basic and diluted) for the first quarter of 2008, which included $5.9 million of expenses for restructuring, integration (3), and amortization of acquired intangibles, all related to the 2007 acquisitions of On Command and StayOnline. Net loss for the first quarter of 2008, excluding restructuring and integration expenses and amortization of acquired intangible, was $(7.1) million or $(0.32) per share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/AQTU120LOGO)
The following financial highlights are in thousands of dollars, except per-share data and average shares outstanding:
Three Months Ended March 31, 2008 2007 Total revenue $139,787 $75,285 Operating (loss) income (1,847) 6,117 Net loss (13,011) (28) Net loss per common share (1) $(0.58) $(0.00) Adjusted Operating Cash Flow (2) $34,551 $22,712 Average shares outstanding (basic) 22,606,699 19,040,156 Average shares outstanding (diluted) 22,606,699 19,040,156 (1) Based on the average shares outstanding for both basic and diluted.
Read More
