MONTREAL , a leader in online customer satisfaction and experience measurement, today reported its financial results for its fourth quarter and fiscal year ended December 31, 2007.

"Our strong performance in the fourth quarter of 2007provided for a strong finish to a record year for iPerceptions," stated Jerry Tarasofsky, President and CEO of iPerceptions. "I am extremely proud of our business development and financial accomplishments. We continue to have strong customer demand illustrated by our strong organic growth and customer acquisition."

Business development highlights included a 93% increase in revenue; the acquisition of new business including prestigious clients such as: Chrysler, Ford Mercury, Yamaha, Best Western, SAP, Intuit, CGI, Cushman Wakefield, Budget, Avis, Videotron, Williams Sonoma, TiVo, Four Seasons and Panasonic; plus the growth of business with many of our existing clients including Dell, Hyundai, Mazda and GM, amongst others. As a result of these initiatives, over 2 million website visitors completed iPerceptions' customer satisfaction surveys in 2007.

iPerceptions delivered the following results for the fourth quarter and year-ended December 31, 2007:

Revenue: iPerceptions achieved revenues of $3,045,435 in 2007 compared to $1,582,022 reported for the year-ended December 31, 2006. This represents a 93% year-over-year increase in revenue. For the quarter ended December 31st, 2007, revenue totaled $833,625 compared to $781,508 for the corresponding period in the previous fiscal year, an increase of 7%. A substantial number of contracts were signed in the third and fourth quarters of 2007, totaling an annual value of over 1M$, of which the launch dates are scheduled in 2008. As such, no revenue was recognized in Q4 2007 on these specific contracts and is postponed to 2008.

Net loss and Earnings per Share: Net loss and comprehensive loss for the quarter ended December 31st, 2007 was $577,464 compared to a net earnings and comprehensive earnings of $2,875,805 for the same period last year. A non-recurring forgiveness of debt and restructuring costs was recorded in the fourth quarter 2006 amounting to $3,238,624. The net loss and comprehensive loss was $1,840,101 for the year 2007 compared to a net earnings and comprehensive earnings of $1,552,789 during the prior year. The basic and diluted loss per share for 2007 were $0.06 and the basic and diluted earnings per share for 2006 were $0.07.

Cash position: Total cash, cash equivalents and short-term investments totaled approximately $2,367,517 at December 31, 2007 as a result of private placements of $3.2 million during the year. During the fourth quarter 2007, the cash used in operating activities amounted to $317,797.

"iPerceptions wrapped up 2007 with an impressive client roster that is making a clear commitment to the voice of the customer. Our solution set has enabled our clients to focus their efforts on a customer-centric business model. 2008 promises more innovations from iPerceptions in customer satisfaction metrics. We are well positioned for the market opportunities that lie ahead. We believe that our innovative solutions, our continued global expansion efforts, and our penetration into new market segments and verticals will drive significant momentum to our business," concluded Tarasofsky.

For additional information, consult our Annual Financial Statements 2007 and Management Discussion and Analysis filed today on SEDAR at www.sedar.com.

About the iPSI and the webValidator solution:

The iPerceptions Satisfaction Index (iPSI) is derived from satisfaction and experience data obtained from over four million actual visitors, on over 700 projects for Fortune 2000 websites, across ten verticals and contains over 60 million data points. It is the only index of its kind and is quickly becoming the standard for measuring online customer satisfaction. The webValidator Continuous Listening solution captures the voice of actual online customers in the context of an actual website visit helping companies learn more about their customers with satisfaction metrics that quickly turn learning into customer led decision-support. Using a perceptual framework to evaluate key elements of the visitor experience as well as predictive algorithms and modeling to identify those attributes that drive satisfaction, the resulting iPerceptions Satisfaction Index (iPSI) helps companies obtain a clear understanding of the key issues impacting satisfaction; purchase intent, transaction abandonment, customer loyalty and the likelihood customers will refer friends and associates to the site.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Media information: Jonathan Levitt Vice-President Marketing iPerceptions Inc. Tel: 514-488-3600 Fax: 514-484-2600 Investor information: Jerry Tarasofsky Chief Executive Officer iPerceptions Inc. Tel: 514-488-3600 Fax: 514-484-2600 Martin Faucher Chief Financial Officer iPerceptions Inc. Tel : 514-488-3600 Fax: 514-484-2600

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