Intersections Inc. Reports Second Quarter 2013 Earnings, Declares Quarterly Cash Dividend and Affirms Current Year Guidance

Intersections Inc. (Nasdaq: INTX) today announced financial results for the quarter ended June 30, 2013. Revenue for the quarter ended June 30, 2013 was $80.8 million, as compared to $87.5 million for the quarter ended June 30, 2012. Consolidated adjusted EBITDA before share related compensation and non-cash impairment charges for the quarter ended June 30, 2013 was $8.8 million, compared to $16.4 million for the quarter ended June 30, 2012. Net income for the quarter ended June 30, 2013 was $1.6 million, as compared to $6.2 million for the quarter ended June 30, 2012. Revenue for the six months ended June 30, 2013 was $162.3 million, as compared to $177.2 million for the six months ended June 30, 2012. Consolidated adjusted EBITDA before share related compensation and non-cash impairment charges for the six months ended June 30, 2013 was $18.7 million compared to $32.7 million for the six months ended June 30, 2012. Net income for the six months ended June 30, 2013 was $3.8 million, compared to $12.4 million for the six months ended June 30, 2012. Cash flow provided by operations for the six months ended June 30, 2013 was $12.2 million. Diluted earnings per share decreased to $0.20 for the six months ended June 30, 2013, from $0.66 for six months ended June 30, 2012. As of June 30, 2013, we had a cash balance of $20.6 million and $30.0 million of available borrowings under our revolving credit facility.... Read more

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