Nw corporate results | Dollar figures in thousands, except per share; parentheses denote losses. HouseValues Online real-estate services...

Share story

Dollar figures in thousands, except per share; parentheses denote losses.

HouseValues
Online real-estate services
Dec. 31 %
4th QTR 2006 2005 CHG
Profit ($5,339) $4,014
Per share (0.22) 0.15
Sales 21,521 25,177 -14.5
Annual 2006 2005 CHG
Profit ($3,138) $14,983
Per share (0.12) 0.54
Sales 98,243 86,710 +13.3
COMMENT: Fewer customers, lower average revenue per customer and declining revenue from the Kirkland company’s mortgage business (since closed) contributed to the weaker quarterly results.
Marchex
Online marketing
Dec. 31 %
4th QTR 2006 2005 CHG
Profit ($563) $1,671
Per share (0.01) 0.03
Sales 32,606 29,804 +9.4
Annual 2006 2005 CHG
Profit ($444) $3,908
Per share (0.04) 0.04
Sales 127,759 94,996 +34.5
COMMENT: Results for the Seattle company exclude a $5.8 million noncash discount on the repurchase of 132,379 shares of its preferred stock; the exclusion made the difference between a profit and loss for both the quarter and the year. Despite the revenue growth in 2006, operating expenses — including $12.8 million in stock-based compensation expense, compared with $2 million in 2005 — grew faster. During the quarter, Marchex’s board authorized a buyback of up to 3 million Class B shares and began paying a quarterly dividend of 2 cents a share.
Northstar Neuroscience
Biomedical devices
Dec. 31 %
4th QTR 2006 2005 CHG
Profit ($5,272) ($5,017) -5.1
Per share (0.21) (2.56) +91.8
Revenue 0 0 0
Annual 2006 2005 CHG
Profit ($27,145) ($20,227) -34.2
Per share (1.54) (10.53) +85.4
Revenue 0 0 0
COMMENT: The Seattle company, which is developing implantable devices to aid stroke victims and has no products on the market yet, went public last year, throwing off the per-share comparisons. Research-and-development spending rose from $11.8 million in 2005 to $18.3 million last year, as Northstar stepped up work on four clinical trials. Not that it lacks working capital: Thanks to the IPO, which raised $106.5 million, Northstar ended the year with $105.3 million in cash, equivalents and short-term investments.