Constant Contact Inc. (CTCT), Thursday reported a wider net loss for the fourth quarter, despite a 61% growth in revenue. The quarterly non-GAAP net loss also remained flat. Further, the company provided financial outlook for the first quarter, and fiscal 2009.
The company posted a GAAP net loss attributable to common stockholders of $1.6 million or $0.06 per share for the fourth quarter, compared to a loss of $1.1 million or $0.04 per share in the prior year quarter.
Excluding items, non-GAAP net loss attributable to common stockholders remained flat at $0.03 per share. On average, 7 analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share for the fourth quarter. Analysts' estimate typically excludes special items.
Total revenue for the fourth quarter increased 61% to $25.5 million from $15.9 million in the same quarter of last year. Seven analysts had a consensus revenue estimate of $24.85 million for the fourth quarter.
Constant Contact ended the fourth quarter of 2008 with over 253,400 email marketing customers, an increase of 54% over last year. During the fourth quarter of 2008, Constant Contact added over 24,800 net new email marketing customers.
Total operating expenses for the quarter increased to $19.9 million from $12.2 million in the fourth quarter of 2007.
For the full year 2008, Constant Contact reported a GAAP net loss attributable to common stockholders of $2.1 million or $0.07 per share, compared to a loss of $9.1 million or $0.97 per share in the year-ago.
Non-GAAP net income attributable to common stockholders was $0.03 per share, compared to a loss of $0.90 per share in 2007.
Annual revenue jumped 73% to $87.3 million from $50.5 million in the preceding year.
Analysts expected the company to report earnings of $0.02 per share on revenue of $86.64 million for the year.
For the first quarter 2009, the company anticipates a GAAP net loss of $1.7 million to $1.9 million, or a loss of $0.06 to $0.07 per share, and non-GAAP net loss attributable to common stockholders of $0.02 to $0.03 per share. The company expects first quarter revenue to be in the range of $27.7 million to $27.9 million.
Street estimates earnings of $0.00 per share on revenue of $27.30 million for the first quarter.
For the full year 2009, the company forecasts a GAAP net loss of $2.9 million to $3.3 million, or a loss of $0.10 to $0.12 per share, and non-GAAP net income attributable to common stockholders per share of $0.06 to $0.07 per share. The company expects full year 2009 revenue to be in the range of $125 million to $130 million.
Analysts project earnings of $0.13 per share on revenue of $127.68 million for the year 2009.
CTCT closed Thursday's regular trading session at $14.96, down 22 cents or 1.45%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.