Autobytel Inc. Announces First Quarter 2005 Preliminary, Partial Unaudited Financial Results
11 Mai 2005 - 11:00PM
Business Wire
Autobytel Inc. (Nasdaq:ABTLE), a leading Internet automotive
marketing services company, today announced preliminary, partial
unaudited financial results for the fiscal quarter ended March 31,
2005. The financial information set forth below is preliminary,
unaudited, and subject to change. Until such time as the Company is
able to file its financial statements for the fiscal quarter ended
March 31, 2005 with the Securities and Exchange Commission, neither
its existing financial statements nor the information set forth
below should be relied upon. First Quarter 2005 Results Revenues:
Revenues for the fiscal quarter ended March 31, 2005 are expected
to be between $32.0 million and $33.5 million. Net Loss: The
Company's net loss for the fiscal quarter ended March 31, 2005 is
expected to be between $2.5 million and $4.0 million, after taking
into account its expenses relating to the restatements and the
internal review relating to the restatements. Cash Position: As of
March 31, 2005, the Company had approximately $52 million in
domestic cash, cash equivalents and short-term and long-term
investments. About Autobytel Inc. Autobytel Inc. (Nasdaq:ABTLE), a
leading Internet automotive marketing services company, helps
retailers sell cars and manufacturers build brands through
marketing, advertising, data and CRM (customer relationship
management) products and programs. The Company owns and operates
the automotive websites Autobytel.com, Autoweb.com, Car.com,
Carsmart.com, AIC AutoSite.com, Autoahorros.com, CarTV.com and
AutoSite.com, as well as AIC (Automotive Information Center), a
trusted industry source of automotive marketing data and technology
for over 20 years. Autobytel is also a leader in dealership lead
management and CRM solutions and owns and operates AVV, Inc., a top
provider of dealership CRM and sales management products, and
Retention Performance Marketing, Inc. (RPM(R)), which powers
dealerships with cutting-edge customer loyalty and retention
marketing programs. Autobytel was the most visited new car buying
and research destination in 2004, reaching millions of car shoppers
as they made their vehicle buying decisions. Autobytel Inc. is the
only company to achieve top rankings for both its lead management
and lead generation services among the nation's top 100 Internet
dealers. FORWARD-LOOKING STATEMENT DISCLAIMER The statements
contained in this press release that are not historical facts are
forward-looking statements under the federal securities laws. These
forward-looking statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions that are
difficult to predict. Actual outcomes and results may differ
materially from what is expressed in, or implied by, such
forward-looking statements. Autobytel undertakes no obligation to
update publicly any forward-looking statements, whether as a result
of new information, future events or otherwise. Among the important
factors that could cause actual results to differ materially from
those expressed in, or implied by, the forward-looking statements
are changes in general economic conditions, the economic impact of
terrorist attacks or military actions, increased dealer attrition,
pressure on dealer fees, increased or unexpected competition, the
failure to realize anticipated synergies from acquired entities,
costs related to acquisitions, failure to retain key employees at
acquired entities, difficulties in successfully integrating the
businesses and technologies of acquired entities and Autobytel,
that actual costs and expenses exceed the charges taken by
Autobytel, changes in laws and regulations, costs of defending
lawsuits and undertaking investigations and related matters and
other matters disclosed in Autobytel's filings with the Securities
and Exchange Commission. Investors are strongly encouraged to
review our annual report on Form 10-K for the year ended December
31, 2003, and other filings with the Securities and Exchange
Commission for a discussion of risks and uncertainties that could
affect operating results and the market price of our stock.
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