InsWeb Corporation (INSW) news stock charts
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"INSWEB CORP (INSW:NASDAQ)
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. 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. 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. 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
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 |
||
INSW transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About InsWeb Corporation
InsWeb Reports Third Quarter 2009 Results
Read article
InsWeb Reports Fourth Quarter and Fiscal 2009 Results
Read article
Arizona Median Auto Insurance Rate Now $829
Read article
Six-Month National Median Car Insurance Rate Now $702
Read article
Arizona Median Auto Insurance Rate Now $829
Read article
Six-Month National Median Car Insurance Rate Now $702
Read article
INSWEB CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Read article
InsWeb Reports Fourth Quarter and Fiscal 2009 Results
Read article
BestInsuranceMatch.com: Police Cracking Down on Uninsured Drivers
Read article
INSWEB CORP Files SEC form 10-Q, Quarterly Report
Read article
INSWEB CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements and Ex
Read article
InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com
Read article
InsWeb Reports Third Quarter 2009 Results
Read article
InsWeb reports Q3 losses
Read article
INSWEB CORP Files SEC form 10-Q, Quarterly Report
Read article