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InsWeb Corporation (INSW) Investment Summary:

InsWeb was originally incorporated in California in February 1995 and re-incorporated in Delaware in October 1996, and is headquartered outside Sacramento, California. InsWeb’s headquarters mailing address is 11290 Pyrites Way, Gold River CA, 95670, and the telephone number at that location is (916) 853-3300. The InsWeb website is www.InsWeb.com. The InsWeb Online Insurance Marketplace InsWeb Corporation operates an online insurance marketplace that enables consumers to obtain multiple insurance quotes for a variety of insurance products, including automobile, homeowners and term life. InsWeb’s marketplace electronically matches consumers and insurance providers. InsWeb has combined extensive knowledge of the insurance industry, technological expertise and close relationships with a number of insurance companies to develop an integrated online marketplace.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0001104659-08-021341.html#FIS_BUSINESS"   
www.insweb.com
Founded in 1995

INSWEB CORP (INSW:NASDAQ)

LAST $4.65 USD
CHANGE TODAY 0.00 0.00%
VOLUME 9.5K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of INSWEB CORP (INSW)

OPEN
$4.65
PREVIOUS CLOSE
$4.65
DAY HIGH
$4.65
DAY LOW
$4.63
52 WEEK HIGH
03/15/10 - $4.99
52 WEEK LOW
03/24/09 - $1.51
MARKET CAP
22.3M
AVERAGE VOLUME 10 D
9.8K
EPS TTM
$-0.18
SHARES OUTSTANDING
4.8M
INSW Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for INSWEB CORP (INSW)

InsWeb Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2009

InsWeb Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. Revenues for the fourth quarter of 2009 were $8.7 million, an increase of approximately 31% as compared to $6.6 million in the fourth quarter of 2008. Net income for the fourth quarter of 2009 was $705,000 or $0.14 per diluted share. This compares with a net loss of $1.3 million or $0.27 per basic and diluted share, in the fourth quarter of 2008. Adjusted EBITDA was $785,000 in the fourth quarter of 2009, as compared to Adjusted EBITDA loss of $1.2 million in the fourth quarter of 2008. The company reported income from operations of $700,000 and income before income taxes of $705,000 compared to loss from operations of $1,352,000 and loss before income taxes of $1,304,000 for the same period of last year. Revenues for fiscal 2009 were $35.2 million, a decrease of 6% as compared to $37.5 million for fiscal 2008. Net loss for fiscal 2009 was $1.3 million, or $0.26 per basic and diluted share. This compares with net loss of $2.2 million, or $0.46 per basic and diluted share, for fiscal 2008. Adjusted EBITDA for fiscal 2009 was income of $103,000 compared to a loss of $1.2 million for fiscal 2008. The company reported loss from operations of $1,289,000 and loss before income taxes of $2,451,000 compared to loss from operations of $1,261,000 and loss before income taxes of $2,207,000 for the same period of last year.

InsWeb Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

InsWeb Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $8.9 million, an increase of 12% as compared to $8.0 million in the second quarter of 2009, and a decrease of approximately 1% as compared to $9.0 million in the third quarter of 2008. Net loss for the third quarter of 2009 was $870,000, or $0.18 per diluted share. This compares with a net loss of $595,000, or $0.12 per diluted share, in the second quarter of 2009, and a net loss of $552,000, or $0.12 per diluted share, in the third quarter of 2008. Loss from operations was $873,000 and loss before income taxes was $870,000 against loss from operations of $643,000 and loss before income taxes of $596,000 for the same period a year earlier. Adjusted EBITDA, a non-GAAP financial measure used by InsWeb's management was income of $191,000 in the third quarter of 2009, as compared to a loss of $471,000 in the second quarter of 2009 and to a loss of $432,000 in the third quarter of 2008. For the nine months, the company reported revenues of $26,458,000 compared to $30,851,000 in the third quarter of 2008. Net loss was $1,966,000 or $0.41 per diluted share against net loss of $859,000 or $0.18 per diluted share for the same period a year earlier. Loss from operations was $1,989,000 and loss before income taxes was $1,966,000 against loss from operations of $1,099,000 and loss before income taxes of $903,000 for the same period a year earlier.

InsWeb Corp. Reduces Staff by 30%

InsWeb Corp. said it has reduced its staff by 30%. The company announced that it has cut its work force back down to what it was two years ago. The company will end the third quarter with 61 workers, down 30% from the 87 people it employed in the second quarter. Most of the layoffs are in the area of technology.

InsWeb Corporation financial resources

otc, otcbb, pinksheet, INSW, ob InsWeb Corporation

INSW Competitors

Company Last Change
Autobytel Inc $1.09 USD 0.00
Life Quotes Inc $3.02 USD +0.02
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation INSW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 2.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x

INSW

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INSW transactions

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More Recent Financial News About InsWeb Corporation

InsWeb Reports Third Quarter 2009 Results

Quote: This compares with a net loss of $595,000, or $0.12 per diluted share, in the second quarter of 2009, and a net loss of $552,000, or $0.12 per diluted share, in the third quarter of 2008.Adjusted EBITDA, a non-GAAP financial measure used by InsWeb's management and defined below, was income of $191,000 in the third quarter of 2009, as compared to a loss of $471,000 in the second quarter of 2009 and to a loss of $432,000 in the third quarter of 2008.Costs associated with InsWeb's recently announce...
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InsWeb Reports Fourth Quarter and Fiscal 2009 Results

Quote: This compares with a net loss of $870,000, or $0.18 per diluted share, in the third quarter of 2009, and a net loss of $1.3 million or $0.27 per diluted share, in the fourth quarter of 2008.Adjusted EBITDA, a non-GAAP financial measure used by InsWeb's management and defined below, was $785,000 in the fourth quarter of 2009, as compared to Adjusted EBITDA of $191,000 in the third quarter of 2009 and to an Adjusted EBITDA loss of $1.2 million in the fourth quarter of 2008. Adjusted EBITDA for fis...
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Arizona Median Auto Insurance Rate Now $829

Quote: insurance comparison provider.Other Arizona median rates by demographic group include:� Demographic GroupMedian Six-Month Rate--------------------- Men Only$847--------------------- Women Only$806--------------------- Age Group: 19 or younger$1629--------------------- Age Group: 20 to 24$1239--------------------- Age Group: 25 to 29$917--------------------- Age Group: 30 to 39$848--------------------- Age Group: 40 to 49$815--------------------- Age Group: 50 to 59$683--------------------- ...
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Six-Month National Median Car Insurance Rate Now $702

Quote: SACRAMENTO, CA--(Marketwire - 02/02/10) - The national median car insurance rate for a six-month policy is currently $702 according to InsWeb, a leading online insurance comparison provider. This rate has decreased approximately 0.5 percent over the last six months.InsWeb also released national median rate data for specific demographic groups including men, women, and age groups ranging from teenagers to seniors.The company currently reports that women pay a median car insurance rate that is abo...
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Arizona Median Auto Insurance Rate Now $829

Quote: insurance comparison provider.Other Arizona median rates by demographic group include:� Demographic GroupMedian Six-Month Rate--------------------- Men Only$847--------------------- Women Only$806--------------------- Age Group: 19 or younger$1629--------------------- Age Group: 20 to 24$1239--------------------- Age Group: 25 to 29$917--------------------- Age Group: 30 to 39$848--------------------- Age Group: 40 to 49$815--------------------- Age Group: 50 to 59$683--------------------- ...
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Six-Month National Median Car Insurance Rate Now $702

Quote: SACRAMENTO, CA--(Marketwire - 02/02/10) - The national median car insurance rate for a six-month policy is currently $702 according to InsWeb, a leading online insurance comparison provider. This rate has decreased approximately 0.5 percent over the last six months.InsWeb also released national median rate data for specific demographic groups including men, women, and age groups ranging from teenagers to seniors.The company currently reports that women pay a median car insurance rate that is abo...
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INSWEB CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Quote: Item 2.02.RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 26, 2010, InsWeb Corporation issued a press release announcing financial results for the fourth quarter and fiscal year 2009. The press release is attached to this report as Exhibit 99.1. The attached Press Release shall be considered "furnished" pursuant to this Current Report on Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or...
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InsWeb Reports Fourth Quarter and Fiscal 2009 Results

Quote: This compares with a net loss of $870,000, or $0.18 per diluted share, in the third quarter of 2009, and a net loss of $1.3 million or $0.27 per diluted share, in the fourth quarter of 2008.Adjusted EBITDA, a non-GAAP financial measure used by InsWeb's management and defined below, was $785,000 in the fourth quarter of 2009, as compared to Adjusted EBITDA of $191,000 in the third quarter of 2009 and to an Adjusted EBITDA loss of $1.2 million in the fourth quarter of 2008. Adjusted EBITDA for fis...
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BestInsuranceMatch.com: Police Cracking Down on Uninsured Drivers

Quote: Additionally, uninsured drivers may be considered 'high-risk' by insurance companies and charged hundreds more per year -- or rejected outright -- the next time they apply for a policy.The bottom line: If a consumer is struggling to pay his or her insurance premium, it's better to find ways to reduce the cost of the policy than to let it lapse or cancel it altogether.car insurance quotesBestInsuranceMatch.com.About BestInsuranceMatch.comBestInsuranceMatch.comINSWNews).InsWeb.cominsurance quotesA...
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INSWEB CORP Files SEC form 10-Q, Quarterly Report

Quote: ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Quarterly Report on Form 10-Q, and in particular Management's Discussion and Analysis of Financial Condition and Results of Operations, contains "forward-looking statements" with respect to InsWeb's future financial performance. The words or phrases "expects," "anticipates," "intends," "plans," "believes," "seeks," "estim...
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INSWEB CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements and Ex

Quote: Item 1.01.ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 28, 2009, the Compensation Committee of the Board of Directors (the "Committee") of InsWeb Corporation approved a plan granting options to InsWeb's executive officers. Hussein Enan (CEO) was granted the option to purchase 95,000 shares of common stock; Kiran Rasaretnam (CFO) was granted the option to purchase 20,000 shares of common stock; Steve Yasuda (Chief Accounting Officer) was granted an option to purchase 10,000...
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InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com

Quote: INSWNews), a leading online insurance marketplace, today announced the launch of InsuranceRates.com as the final piece of its planned investment in three new consumer-facing web properties.The Company also announced a restructuring program following the completion of these initiatives.The development and launch of InsWeb's new consumer insurance sites is the planned outcome of previously announced strategic objectives designed to fuel long-term profitable growth for InsWeb.The new sites are:Insu...
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Q3 2009 InsWeb Earnings Release - Time Not Supplied

Quote:
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InsWeb Reports Third Quarter 2009 Results

Quote: This compares with a net loss of $595,000, or $0.12 per diluted share, in the second quarter of 2009, and a net loss of $552,000, or $0.12 per diluted share, in the third quarter of 2008.Adjusted EBITDA, a non-GAAP financial measure used by InsWeb's management and defined below, was income of $191,000 in the third quarter of 2009, as compared to a loss of $471,000 in the second quarter of 2009 and to a loss of $432,000 in the third quarter of 2008.Costs associated with InsWeb's recently announce...
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InsWeb reports Q3 losses

Quote: InsWeb Corp. reported Thursday that the online insurance marketplace slightly decreased revenue and lost more money in the third quarter than it did in the same quarter last year.InsWeb (NASDAQ: INSW) lost $870,000 on revenue of $8.9 million in the third quarter ended Sept. 30. That’s about a 1 percent decrease in revenue from a year ago, when the local company lost $552,000.In a comparison with the second quarter of this year, InsWeb boosted revenue by 12 percent, from $8 million, and los...
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INSWEB CORP Files SEC form 10-Q, Quarterly Report

Quote: ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Quarterly Report on Form 10-Q, and in particular Management's Discussion and Analysis of Financial Condition and Results of Operations, contains "forward-looking statements" with respect to InsWeb's future financial performance. The words or phrases "expects," "anticipates," "intends," "plans," "believes," "seeks," "estim...
Read article

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