Intersections Inc. Reports First Quarter 2013 Earnings and Declares Quarterly Cash Dividend

Intersections Inc. (Nasdaq: INTX) today announced financial results for the quarter ended March 31, 2013. Revenue for the quarter ended March 31, 2013 was $81.7 million, as compared to $90.2 million for the quarter ended March 31, 2012. Consolidated adjusted EBITDA before share related compensation and non-cash impairment charges for the quarter ended March 31, 2013 was $9.9 million, compared to $16.3 million for the quarter ended March 31, 2012. Net income for the quarter ended March 31, 2013 was $2.2 million, as compared to $6.2 million for the quarter ended March 31, 2012. Cash flow provided by operations for the quarter ended March 31, 2013 was $3.8 million. Diluted earnings per share decreased to $0.12 for the quarter ended March 31, 2013, from $0.33 for the quarter ended March 31, 2012. As of March 31, 2013, we had a cash balance of $20.0 million and $30.0 million of available borrowings under our revolving credit facility.... Read more

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