ADAM Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 13, 2009).

ADAM Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported license revenues were $6.7 million compared to $6.3 million in the third quarter of 2008, an increase of 7%. The increase from the prior year reflects an increase in health content license revenue of 20%, the result of new client contracts, strong retention rates and improved results from distribution partners. Total revenues for the quarter were $7.0 million, compared to $7.1 million in the third quarter of 2008. Cash flow, as measured by Adjusted EBITDA was $2.4 million, or 34% of revenues, for the third quarter ended September 30, 2009, as compared to $1.9 million or 27% of revenues for the same period a year ago. Net income for the third quarter ended September 30, 2009 was $1.3 million or $0.13 per share on a fully diluted basis as compared to net income of $0.688 or $0.06 per share on a fully diluted basis for the third quarter of 2008. The company reported operating income of $1.42 million and income before income taxes of $1.29 million compared to operating income of $1 million and income before income tax of $0.688 million for the same period last year. The company reported non-GAAP operating income of $1.6 million and non-GAAP net income of $1.63 million or $0.16 diluted per share compared to non-GAAP operating income of $1.3 million and non-GAAP net income of $1.18 million or $0.11 diluted per share for the same period last year. Adjusted operating income improved due to the company's cost cutting measures that reduced cost of revenues by 25% and operating expenses by 10%. For the nine months, the company reported license revenues were $19.4 million, an increase of 2% from $19.0 million in the same period last year. The increase from prior year reflects an increase in health content license revenues of 10% from new clients and growth from existing accounts. Adjusted operating income was $4.0 million, compared to $4.1 million, for the nine-months ended September 30, 2009 and 2008, respectively. Both amounts were 19% of revenues for the respective periods. Cash flow, as measured by Adjusted EBITDA was $5.9 million, or 29% of revenues, for the nine months ended September 30, 2009, as compared to $5.8 million or 27% of revenues for the same period a year ago. The company reported total revenues were $20.73 million compared to $21.45 million for the same period last year. The company reported operating loss of $11.85 million and loss before income taxes of $12.2 million compared to operating income of $3.41 million and income before income tax of $2.05 million for the same period last year. The company reported non-GAAP operating loss of $3.97 million and non-GAAP net income of $4.15 million or $0.41 diluted per share compared to non-GAAP operating income of $4.07 million and non-GAAP net income of $3.23 million or $0.30 diluted per share for the same period last year. The company reported adjusted EBITDA for the period was $5.94 million compared to $5.84 million for the same period last year. The company reported net cash provided by operating activities of $5.28 million and purchase of property and equipment of $0.326 million compared to net cash provided by operating activities of $5.52 million and purchases of property and equipment of $1.3 million for the same period last year.

Canopy Financial, Inc. announced that it has partnered with ADAM Inc. integrating A.D.A.M.'s best-in-class health and wellness content directly into Canopy's industry-leading Consumer-Directed Healthcare (CDH) platform HealthDirect(R). The relationship with A.D.A.M. provides the most consumer-friendly, comprehensive and engaging electronic consumer health content available. Through A.D.A.M.'s extensive suite of health-related information and tools, Canopy's health plan and financial institution clients will now be able to help their employer and consumer customers make more informed decisions about their health and long-term wellness.