INSW InsWeb Corporation featured news, full reports, and detailed charts
InsWeb Corporation (INSW) Wrap Up:
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
88 Employees
Founded in 1995
InsWeb Corp. (INSW:NASDAQ)
LAST $3.30 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of InsWeb Corp. (INSW)
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OPEN
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PREVIOUS CLOSE
$3.30
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/16/09 - $3.64
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52 WEEK LOW
03/17/09 - $1.45
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MARKET CAP
15.8M
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AVERAGE VOLUME 3 mo
651.0
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DILUTED EPS TTM
$-0.68
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SHARES OUTSTANDING
4.8M
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INSW Does Not Pay Dividends
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P/E TTM
NM
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INSW Top Compensated Officers
Mr. Hussein A. Enan
Co-Founder, Chairman and Chief Executive Offi...
Age: 63
Total Annual Compensation: $12.0
Mr. Kiran Rasaretnam
Chief Financial Officer
Age: 41
Total Annual Compensation: $194.5K
Mr. L. Eric Loewe
Senior Vice President, Secretary and General ...
Age: 51
Total Annual Compensation: $200.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for InsWeb Corp. (INSW)
InsWeb Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/22/2009
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%
09/30/2009
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 Corp. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
07/28/2009
InsWeb Corp. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $595,000 or $0.12 diluted per share on total revenues of $7.98 million against $977,000 or $0.21 diluted per share on total revenues of $8.8 million a year ago. Loss from operations was $566,000 against $1.05 million a year ago. Loss before income taxes was $560,000 against $986,000 a year ago. Adjusted EBITDA from continuing operations was $473,000 against $518,000 a year ago. For the six months, the company reported net loss of $1.1 million or $0.23 diluted per share on total revenues of $17.5 million against $307,000 or $0.07 diluted per share on total revenues of $21.84 million a year ago. Loss from operations was $1.11 million against $456,000 a year ago. Loss before income taxes was $1.1 million against $307,000 a year ago.
INSW Competitors
| Company | Last | Change |
| Autobytel Inc | $0.90 USD | +0.05 |
| Life Quotes Inc | $2.75 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | INSW | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 2.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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More Recent News About InsWeb Corporation
More news for INSW
INSWEB CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements and Ex
Show all filings for INSWEB CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for INSWEB CORP 1-Oct-2009Entry into a Material Definitive Agreement, Other Events, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided...Click here to read the whole Article (external link)
InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com
SACRAMENTO, CA--(Marketwire - 09/29/09) - InsWeb Corp. (NASDAQ:INSW - News), 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:-- InsuranceRates.com: launched in September 2009 - the first website where consumers can anonymously obtain multiple rate quotations from national carriers.-- BestInsuranceMatch.com: launched in July 2009 - the first website that allows consumers to request free car insurance quotes directly from companies they choose based not only on price, but on factors such as financial strength and local agent presence.-- ...Click here to read the whole Article (external link)
Q3 2009 InsWeb Earnings Release - Time Not Supplied
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
Texas Auto Insurance Rates Decline 14.2 Percent in 2009
SACRAMENTO, CA--(Marketwire - 10/21/09) - The median six-month auto insurance rate in Texas has decreased more than 14 percent since the beginning of 2009 to reach $744.00, according to InsuranceRates.com(TM). Other Texas median rates by demographic group include:� Demographic Group Median Six-Month Rate Men Only $773.25 Women Only $722.69 Age Group: less than or equal to 19 $1580.88 Age Group: 20 to 24 $1028.00 Age Group: 25 to 29 $742.50 Age Group: 30 to 39 $731.75 Age Group: 40 to 49 $729.50 Age Group: 50 to 59 $675.75 Age Group: 60 to 74 $662.75 Age Group: greater than or equal to 75 $653.75 Texas rate statistics:� -- Men in Texas have a median auto insurance rate almost seven percent higher than women. -- Drivers in Texas 19 years of age or younger pay a median auto insurance rate that is over 140 percent higher than drivers age 75 or older. -- A Texas driver who pays the six-month median rate of $744.00 and earns the Texas median annual income of $41,290 pays approximately 3.60 percent of his or her gross income for auto insurance. By this "affordability factor," Texas is the 18th most expensive state to insure a vehicle. Currently, Massachusetts is the most affordable with a factor of 2.00 percent, while Louisiana is the most expensive with a factor of 6.64 percent. Texas drivers who want to learn more about saving on their auto in...Click here to read the whole Article (external link)
InsWeb Reports Third Quarter 2009 Results
SACRAMENTO, CA--(Marketwire - 10/22/09) - InsWeb Corp. (NASDAQ:INSW - News), a leading online insurance marketplace, today announced results for the third quarter ended September 30, 2009. Revenues for the third quarter of 2009 were $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.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 announced staff reductions amounted to $896,000 during the third quarter, of which $523,000 were related to share-based compensation expenses for stock options granted to retained employees. As previously announced, InsWeb expects annual savings of approximately $2.5 million on an on-going basis as a result of these changes. InsWeb ended the third quarter of 2009 with 61 employees, down from 87 at the end of the second quarter of 2009."We experienced solid sequential growth during the third quarter and are very pleased with the development re...Click here to read the whole Article (external link)
On Line Commerce Metrics Key To Picking Stock Winners According To BWS Financial
67 WALL STREET, New York - October 22, 2009 - The Wall Street Transcript has just published its Online And Direct To Consumer Retailing Report offering a timely review of the sector to serious investors and industry executives. This 38 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Online Retailer Profit Margins Vs. Bricks-And-Mortar Retailers - Uptick In Internet Commerce - Secular Shift In Market Share To Internet Retailers - Post-Crunch Consumer Confidence - Growing Market Share For Online Travel Agents - Possible Consolidation Of HSN, Inc. - Amazon As The "Wal-Mart Of The Internet" - Online Marketing Vs. In-Store Marketing - Maximized Markdowns - Online Traffic Conversion Rates - Social Networking To Drive Brand Awareness - Online Sales Holiday Outlook - E-Commerce As A Path To International Expansion Companies include: Abercrombie & Fitch (ANF); Amazon (AMZN); Ann Taylor (ANN); Apple (AAPL); Ask.com (IACI); Bebe (BEBE); Best Buy (BBY); Bidz.com BIDZ); Dell (DELL); Dick's Sporting Goods (DKS); Expedia (EXPE); GSI Commerce (GSIC); GameStop (GME); Gap (GPS); General Motors (GM); Google (GOOG); HSN (HSNI): Hot Topic (HOTT); Interactive Corp. (IAC); Liberty Media Interactive (LINTA); LivePerson (LPSN); MercadoLibre (MELI); Move Inc. (MOVE); Orbitz (OWW); Pacific Sunwear (PSUN); Quiksilver (ZQK); Ralph Lauren (RL); ShopNBC/ValueVision (VVTV); South Korea's Gmarket (EBGMy); Sport Supply Group (RBI); Staples (...Click here to read the whole Article (external link)
InsWeb reports Q3 losses
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
INSWEB CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
INSWEB CORP Files SEC form 10-Q, Quarterly Report
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," "estimates," and similar expressions are generally intended to identify forward-looking statements. Such forward-looking statements are subject to various known and unknown risks and uncertainties, and InsWeb cautions you that any forward-looking information provided by, or on behalf of, InsWeb is not a guarantee of future performance. Actual results could differ materially from those anticipated in such forward-looking statements due to a number of factors, some of which are beyond InsWeb's control, including, but not limited to, uncertain economic conditions which could result in lower growth rates, fluctuations in revenues, anticipated and unanticipated losses, the unpredictability of consumer shopping and/or buying behavior, especially on the internet, potential increases in advertising and marketing costs on the internet, the rate of participation by insurance companies and agents, reliance on key customers, who are themselves subject to volatility in their operating cycles, reliance on third party lead aggregators who provide leads to their networks of insurance providers on InsWeb's behalf, competition, risks associated with system development and operation risks, management of potential growth and risks of new business areas, business combinations, litigation in which InsWeb is a party, and strategic alliances. These risks and uncertainties, as well as other risks and uncertainties, which are described in greater detail in InsWeb's Annual Report on Form 10-K for the year ende...Click here to read the whole Article (external link)
New York State Auto Insurance Rates Decline 20.3 Percent in 2009
SACRAMENTO, CA--(Marketwire - 11/03/09) - The median six-month auto insurance rate in the state of New York has decreased more than 20 percent since the beginning of 2009 to reach $970.25, according to InsuranceRates.com�. Other New York median rates by demographic group include:� Demographic Group Median Six-Month Rate Men Only $1018.25 Women Only $ 912.00 Age Group: Less than or equal to 19 $1484.13 Age Group: 20 to 24 $1336.00 Age Group: 25 to 29 $1129.75 Age Group: 30 to 39 $1078.88 Age Group: 40 to 49 $1002.88 Age Group: 50 to 59 $ 844.50 Age Group: 60 to 74 $ 738.38 Age Group: Greater than or equal to 75 $ 771.50 New York rate statistics:� -- Men in New York pay a median auto insurance rate almost 12 percent higher than women. -- Drivers in New York 19 years of age or younger pay a median auto insurance rate that is over 100 percent higher than drivers age 60 to 74. -- New York auto insurance rates declined just over two percentage points more than the national median, which declined 18.1 percent over the same period. -- A New York driver who pays the six-month median rate of $970.25 and earns the New York median annual income of $42,414 pays approximately 4.58 percent of his or her gross income for auto insurance. By this "affordability factor," New York is the 5th most expensive state to insure a vehicle. Currently, Massachusetts is the most affordable with a factor of 1.96 percent, while Louisiana is the most expensive with a factor of 6.70 percent. New York drivers who...Click here to read the whole Article (external link)
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